7 Methods To Ensure You are Paying The Best Banker - 0 views
started by Lohmann Cooper on 19 Sep 13
started by Lohmann Cooper on 19 Sep 13
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Many customers don't realize that once a delinquent account is claimed to a collection agency a client has a small period of time to pay for the bill. The reason being collection accounts are positioned on a nationwide registry and each collection agency in the united states gets notified of the collection account. But, only one collection agency has a legal right to obtain money over a overdue account.
It can be extremely difficult trying to make payments on a collection account must be collection agency keeps a collection account for a few months, it they are unsuccessful in collecting on your debt owed the account is forwarded to another collection agency. This technique continues before the consideration is paid or legal action is take-n against the customer.
Collection agencies don't want you to know that as a customer you've a legal to question the truth of a collection agency which can be called debt agreement. Many consumers have paid money on delinquent accounts to a certain company only-to learn that the company did not legally have a right to collect money on that account. Consequently the buyer still owed the money to the account. This striking this page is not affiliated essay has diverse forceful lessons for the meaning behind this concept. To prevent this from happening to you, here are 7 ways to validate a debt and ensure you are spending the right creditor or collection agency:
1. Demand the banker, collection agency or attorney to offer documentation that the company is authorized to gather on-the debt. Ensure the name and address of the collection agency appears on the documentation that ought to be on company letterhead.
2. Ask for proof of the total volume of the debt including cost record from with the original lender and status of the account. Examine the documentation against your own personal records. Discover further on a related portfolio by visiting Debt Collection And The Law | Know Your Rights » جامعه مجازی اصلاح طلبان ایران پویش ا.
3. Demand the collection agency to provide the original contract or other documentation showing the agreement you created using the original creditor including the name and address of the original creditor.
4. Ask the lender to supply a copy of these business license to show they are certified in their state to gather money on delinquent accounts. However this differs from state to state.
5. If the lender use profanity, harasses you, is rude or threatens you tell the collection agency that they are susceptible to the Fair Credit R-eporting Act (FCRA), they may fight and say they're not but they're considered debt collectors and are included underneath the act.
6. They can't collect any money owed on your account if the debt is verified by the creditor cannot and isn't allowed to contact you regarding the debt. In addition they can not report the bill on your credit report.
7. A lender may possibly react to your debt agreement page by sending you a summons to appear in court. This is illegal and is a scare tactic. A creditor must validate your debt before they can file suit against you.
Keep records of all documentation you obtain and all documentation you mail. Deliver all documentation via certified mail with return receipt. If you discover that the creditor or collection agency is violating the FCRA you can file a complaint with the local small claims court, tell the credit bureaus and file complaint with the Federal Trade Commission, http://www.ftc.gov.
Article originally published at EzineArticles.