Outsourcing collections to a professional collection agency will allow your employees to focus on the core tasks for which you had hired them, and reduce their frustration. • Debt collection laws are complex and vary by each state. Many rules apply to creditors, but your staff is usually unaware of them, and violations can be costly.
There are a number of debt collection agencies, whose job it is to chase down unpaid debts for other companies. If receive a phone call or letter asking for money, the onus is on THEM to prove that you DO owe the money and that it's genuine debt. So if the debts aren't yours, don't panic; send a letter to say you're not responsible.
Feb 16, 2020 · 2. Fax and mail a copy of that letter to the collection agency, along with your debt hardship letter, budget, proof of income, receipt of all medical bills, and proof of whatever you are saying in the letter.
May 27, 2021 · Once a bad debt has been re-aged, the collection agency can sue you to collect payment and the collection will stay on your credit report. To illustrate: say you defaulted on a credit card in 2004. The account should no longer be on your credit report and the statute of limitations on the debt should have expired.
Gatestone & Co Inc. 300 - 180 Duncan Mill Rd ... as a consumer when it comes to debt collection. Read More. ... they do not own on my bureauAccount was sold to another agency and was paid in full ...
By participating in this type of debt management program, you may benefit from reduced or waived finance charges or fees, and experience fewer collection calls. When you work with an NFCC agency on a debt management program, your accounts are credited with 100 percent of the amount you send in.
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