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Collection Agency FAQ

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Some creditors will actually use a separate company name, address, and phone number for their internal collection departments, in order to give the impression of an "outside" agency, on the theory that debtors will take it more seriously. This strategy is generally only used when the debt is recent (under six months delinquent.) However, most collections activity is performed by third-party collection agencies, which are separate from the original creditors, and "work" debts on behalf of various lenders. They may also buy bad debts which have been ...
There are many types of collection agencies, beginning with first-party agencies who are many times subsidiaries of the original company the debt is owed. Third-party agencies are separate companies contracted by a company to then collect the debts on their behalf for a fee. Another growing industry is debt buyers in which the agency purchases the debt at a fraction of its initial value then collects upon it. Each country has their own rules and regulations regarding collection agencies and their practices which are quite often very aggressive.
Collection Agency FAQ: Debt Collection FAQ: Answers To Your Questions
page. Here you will find answers to the most common questions we get asked about debt collections, debt collection agencies and the debt recovery industry. While this collection agency FAQ page doesn't answer every possible question about the subject, we feel by that visiting this page, and especially spending time researching the pages of, you will have access to quite a body of knowledge about the debt collections industry. We invite you to visit the Collection Agency FAQ page often, as well as the rest of the website. If you have a question that you don't find listed here, or the answers ... market research, surveys and trends
using zipcar may damage your credit
A representative from Zipcar has called me and told me they are reviewing their practices.  I’ll update here when I get more info! A note to Unit Structures readers: be careful if your Zipcar account lapses, as the company may give away your personal information and attempt to damage your credit.  Last year, I spent some extended time traveling in Zipcar-friendly areas, so I created an account.  My experience with Zipcar was fine.  Fast forward to March 8, 2009 – I get an email from Zipcar telling me they had attempted to charge me for a membership renewal, and my credit card was no longer valid.  I ... market research, surveys and trends


Some Recent Changes In Tax Laws That You Should Know About ...
In today’s recession the changes seem overwhelming. Just last year some tax laws were created to bail us out of dire situations. These are a few new tax laws that you should know about. The first deals with new car sales and tax deductions. If you purchased a brand new vehicle, including a car, motorcycle, light truck or motor home, on or after February 16th 2009 and by December 31st 2009, any excise or sales tax paid may be seen as a deduction. In 2009 and 2010 the American Opportunity Credit is replaced by the Hope Education credit. This new credit is worth $2,500 for each student, this is based on the first $4,000 of ... industry trends, business articles and survey research
Frequent Questions | eCycling | US EPA
Consumer electronics – including TVs and other video equipment, computers, assorted peripherals, audio equipment, and phones – make up less than two percent of the municipal solid waste stream, as tracked in the Municipal Solid Waste Characterization Report . Although electronics comprise a small percentage of the total municipal solid waste stream, the quantity of electronic waste that we are generating is steadily increasing. In 2007, discarded TVs, computers, peripherals (including printers, scanners, faxes), mice, keyboards and cell phones totaled ... industry trends, business articles and survey research


Millennium Collection Agency Report
If your library has acquired the Collection Agency Report product, .... Find these and other FAQs on Unique's web site technology research, surveys study and trend statistics
Debt Collection FAQs: A Guide for Consumers
If you’re behind in paying your bills, or a creditor’s records mistakenly make it appear that you are, a debt collector may be contacting you. The Federal Trade Commission (FTC), the nation’s consumer protection agency, enforces the Fair Debt Collection Practices Act (FDCPA), which prohibits debt collectors from using abusive, unfair, or deceptive practices to collect from you. Under the FDCPA, a debt collector is someone who regularly collects debts owed to others. This includes collection agencies, lawyers who collect debts on a regular basis, and companies that buy delinquent debts and then try to collect them. technology research, surveys study and trend statistics
Debt Collection FAQ's : More Topics & FAQs : Consumer Assistance ...
If the collector is a debt collection agency collecting on behalf of the creditor or an attorney who collects debts on a regular basis, you have some additional rights. These include: You can stop a collection agency from contacting you by writing a letter to the agency telling them to stop. Once they receive your letter, they may not contact you again except to say there will be no further contact or to notify you if they or the creditor intend to take some specific action, such as filing a lawsuit against you. You should send the letter by certified mail, return receipt requested, so that you have evidence that you ...
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WikiAnswers - What recourse does a collection agency have on a ...
This is the SOL, ( statute of limitations for State Oral Agreements, Written Contracts, Promissory Notes, and Open Accounts. And the years they are still able to collect. Alabama 6 6 6 3 Alaska 6 6 6 6 Arizona 3 6 5 3 Arkansas 3 5 6 3 California 2 4 4 4 Colorado 6 6 6 6 Connecticut 3 6 6 6 Delaware 3 3 6 3 D.C. 3 3 3 3 Florida 4 5 5 4 Georgia 4 6 6 4 Hawaii 6 6 6 6 Idaho 4 5 10 4 Illinois 5 10 6 5 Indiana 6 10 10 6 Iowa 5 10 5 5 Kansas 3 5 5 3 Kentucky 5 15 15 5 Louisiana 10 10 10 3 Maine 6 6 ...
WikiAnswers - Debt Collection Questions including "How do you ...
Credit Dispute Letters In order to correct an error in your credit report, you need to inform the reporting agency in writing... Where can you find a sample hardship letter to help you write to a creditor who has repossessed your vehicle? Go to for answers to most everyday legal questions, including sample letters. You will get more out of it if you... Under Texas law what can the creditor do to collect the deficiency? In Texas, they take you to court on a judgement in order to collect. Statutes of limitations on debt collection in Texas is four... Does paying off collection accounts help your credit score? Why ...