For questions related to debt collection, debt collection agencies, unpaid debts, etc.

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1answer
36 views

Startup Convertible note write-off debt?

I invested time in a tech start-up during 2013 that has since closed its doors. I received payment in the form of convertible notes... $30,000 in total, which of course have no value now. Is there ...
10
votes
4answers
222 views

Should I pay an erroneous bill in collections if it is a tiny amount?

I have a very small bill amounting to $43. I was billed this amount when a medical services company sent me a product that I did not order. (It was probably ordered on my behalf by a doctor I ...
1
vote
1answer
133 views

It it legal to enforce collection of an (incorrectly) estimated tax bill

I have a friend who used to be self employed, but is now in full time employment. this was about 4 years ago, and he never bothered to de-register for VAT. Now HMRC (via a collections agency) are ...
2
votes
1answer
146 views

How do I deal with a collection agent who refused to state a reason for calling?

I got a call from a number registered to a collection agency (I looked it up online). When I answered, knowing some of the Fair Debt Collection Practices Act, they asked if I was Phillip. I asked him ...
3
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1answer
788 views

Is a debt collector allowed to make a hard inquiry on your credit report?

Under what circumstances is this permissible? What is the purpose of this anyways?
5
votes
1answer
637 views

What happens if a collector doesn't respond to a debt validation request?

After a debt collector sends you a notice, you have 30 days to respond. If you communicate to them that you want to have the debt validated and they haven't responded over a month later, either about ...
3
votes
3answers
2k views

How much time does a doctor's office have to collect balance from me?

Today I went to my old dentist and they told me I owe them $350 from from several visits three years ago (I switched to a different dentist for the past 3 years before switching back today). When I ...
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2answers
750 views

How do collection agencies work

I wanted to understand how companies decide to send accounts of customers to collections and then, how the collection agencies settle. My understanding was that in any company, that has receivables, ...
2
votes
1answer
446 views

Is it legal for debt collectors to send notices in an email?

As the title asks, is it legal for debt collectors to send notices in an email without a judge's prior approval? The location in question is Nebraska, USA. EDIT: The notice's request is only to ...
7
votes
4answers
2k views

Collections for Medical Bill - Pay Settlement or Full Amount?

I live in California, and I had an ER visit in November 2010. I originally owed ~$800. I've been contacted by a collection agency, and offered a settlement of ~$400 I have verified with the original ...
4
votes
1answer
167 views

Can I pay a collection agency in a way that will improve my credit score?

Finally, I've got cash in the bank. But this comes after a few years of building up a credit card debt of about $5,000 and not paying it off. A collection agency has come after me. I'm sure my ...
4
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3answers
460 views

Debt Collection Agency wants $30 for an unpaid Newspaper subscription

I'm a college student in the United States, and for an Economics class I was taking I needed a subscription to the Wall Street Journal, so during the first class we filled out a subscription form with ...
10
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5answers
2k views

If a debt collector offers to settle for substantially less than the owed amount, should the offer be accepted?

Someone I know has had an outstanding debt (almost $10,000) for a number of years. He recently got a letter from a debt collector saying that if he pays about $2,000 by the end of the month, the debt ...
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votes
0answers
209 views

What recourse do I have when being harassed by a bill collector who has the wrong phone number? [duplicate]

Possible Duplicate: How to get rid of someone else's debt collector? I've recently started getting bill collector calls regarding a debt for someone I don't even know. I assume they ...