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What happens if a collection company does not validate the debt?
Wiki User
∙ 16y ago
If they are unable to show proof that you are connected to the debt and have no documentation, then they by law have to remove it from your credit report.
Wiki User
∙ 16y ago
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How long does a collection agency have to validate debt?
30 days from the time the debtor requested written confirmation.
Who is Cavalry Portfolio Services?
A debt collection company.
If a creditor uses a collection agency to collect on a debt do you still have to receive some kind of statement?
No. The collection agency will validate the amount for you if need be, but the creditor no longer owes you the courtesy of a statement.
Can collection agencies request additional money on interest charges after the debt is paid in full?
No, a debt collection company purchases a debt from a creditor. They can try to collect on that debt but may not charge interest on it as they have no contract with you outlining interest charges. If a company is attempting to do that, cite the Fair Debt Collection Practices Act, a federal law, and complain to the Federal trade Commission, which oversees debt collection practices.
What companies provide debt collection software?
E-collections is a great leading company in the debt collection software industry. Pamar systems also provides a great debt collection software program.
Can you still talk to the credit card company directly for paying off an unpaid debt or do you have to talk to the debt collection company?
Once the debt. has been charged off and sold to a outside collection source you must talk to them.
What purpose does the International Debt Collection serve?
The International Debt Collection Agency is a debt collection agency designed to collect debts from debtors that have not paid for goods supplied or services rendered. Debt collection agencies are designed for debt recovery, and speak on behalf of the company to which the debt is owed to work out a settlement between the debtor and the creditor.
How do you report a debt collection company that is harassing you for a debt you dont owe?
Contact the State Division of Banking in the state the company is located in.
What happens to your debt when you go overseas. Can a USA debt collection company follow you?
It depends on the law of the jurisdiction where you live. Some will not recognize a U.S. judgment. Others will. It does make it more difficult for your creditors to collect from you. The debt, however, remains outstanding.
How do you find the company that is holding the debt from someone that has gone into recievership?
You will need to begin by contacting the company in where the debt originated from. They can tell you if they are still holding the debt collection or if it has been released to another company.
Can a credit card company or debt collection agency sue you for an unpaid debt if you no longer live in the country where the debt was incurred?
Yes
What type of business is NCO Financial?
NCO Financial are a debt collection business. If one owes money to a company, they may refer the matter to a debt collection company such as NCO Financial, who will then contact the person in debt to try and obtain the outstanding funds.
