Questions tagged [debt-collection]

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

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-1 votes
2 answers
214 views

What will happen to a tiny debt if I ignore it?

I received a medical bill of $150.00 and I made a payment of $149.99 (just as an experiment) so technically I own the clinic $0.01. I am curious what will happen to this tiny debt. It will cost them ...
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  • 925
2 votes
1 answer
93 views

Can debt collections show up on my credit report if the collectors haven't contacted me first?

Can debt collectors report to credit bureaus when they haven't contacted me yet?
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36 votes
4 answers
10k views

If a debt collection company refuses full payment is the debt still valid?

I was charged on a closed account for a service I never received. It is only a couple hundred dollars. I never paid it because it was not a valid debt. I am trying to fix my credit. I called up the ...
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  • 513
7 votes
3 answers
3k views

Credit card charge off : Can creditor take away the electrician's toolbox and the car even if the car was paid off a long time ago?

Here is the situation: Suppose a person owes a credit card company $10,000, can't pay it any longer, and after 6 months, the credit card company decides to charge off this credit card. Suppose that ...
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10 votes
2 answers
288 views

What do I do after requesting and receiving a debt validation letter for a medical debt I don't recognize?

I received a debt collection call a few months ago from a professional debt collector for a debt I didn't recognize, followed by a written notice. I wrote back that I dispute the debt and requested ...
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  • 499
29 votes
6 answers
4k views

How can I know if a debt collector is holding onto a debt?

Some time ago, I was contacted by a debt collector. A prior landlord had claimed I had owed them six months of rent. The landlord sold the debt to a debt collector, who then silently held onto the ...
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  • 2,327
27 votes
2 answers
7k views

Taking college classes to avoid student loan payments indefinitely

My sister-in-law has decided she wants to take part time college classes so she doesn't have to make payments on her private student loan and her plan is to do this until she dies. She graduated from ...
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0 votes
1 answer
257 views

What is the best way to collect money from friend who owes me some money

I have this person who tries to run away from me and not paying me back as he promised. Since this is not my area and never involved something like this, don't know what to do. Please advise me some ...
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36 votes
11 answers
7k views

Bill payee can't find my payment and threatens debt recovery action

TL/DR Bill payee can't find my bank transfer and threatens debt recovery action. What to do? A family member is studying at a major UK university. Quarterly or so, the university raises tuition bills. ...
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  • 461
0 votes
2 answers
174 views

Can my property be taken as a payment for a relative's loans?

My aunt went to several loans to which she isn't capable of paying as of now. Now, the lenders are visiting our house and trying to find her and she currently lives in the same residence with me, ...
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2 votes
1 answer
141 views

Recovering money owed by an unresponsive online business

I did business with an online business based in New Zealand, PredictIt, which has a firm in Washington, DC, called Aristotle, Inc., that handles their monetary transactions. I'm in California. They ...
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2 votes
0 answers
135 views

Reapplying for same credit card after collections

My Amazon's Chase credit card bill was sent to collections in March 2019 due to some financial issues I had. I paid off the debt completely in collections and my credit rebounded. My credit card ...
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  • 121
2 votes
0 answers
59 views

How many "Charge Offs" can a company put on a single debt?

A while ago I took out a loan and couldn't pay it off due to loosing my job. I got another job, and before I could start making payments, a collections agency called me up about the loan. I paid it ...
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  • 121
5 votes
1 answer
203 views

Identity Theft: Counterfeit Checks but no Traceable Bank Account

I've been dealing with an ongoing identity theft problem for the past 4 months. Back in March, somebody stole my wallet at a restaurant and it was returned to me by the staff completely empty. All I ...
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5 votes
5 answers
2k views

How can one be financially devastated by unsecured debt?

My question is theoretical, I don't understand why people say that big piles of debt are dangerous. If one has a lot of unsecured debt and ends up defaulting on it then one does not even have to ...
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  • 187
2 votes
3 answers
380 views

Disputing a collection on an account that is current, but the collection agency wants the original debt amount

I have a surgery bill (Original Balance: $2,757) that I have been paying off for the past 2 years with auto-drafted monthly payments. Every month on the 1st a payment was auto-drafted from my checking ...
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  • 247
-1 votes
1 answer
70 views

Debt collection payment

In 2016, I rented a apartment for my then boyfriend.I was living at my parent's house and only stayed at that apartment from time to time.Long Story short, he failed to pay one month rent, I got ...
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3 votes
2 answers
365 views

Comcast Sent Me to Collections

Long story, but I will try to shorten it. I have been a Comcast customer for two years in the regions (northwest Indiana) for approximately two years before all this happened. For the past year, my ...
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-1 votes
3 answers
647 views

If I really did owe the bank a billion dollars, what would happen? [closed]

There's a saying that goes like "If you owe the bank $100 dollars, that's your problem; if you owe the bank $100 million, that's the bank's problem." Let's adjust for inflation and say that I owe the ...
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19 votes
11 answers
15k views

Urgently need pre-paid debit card to pay debt collector

I owe a sum of a few thousand dollars to a debt collector. I've already gone through the steps of getting a confirmation of the debt and it is a debt I know I'm accountable for. I need to pay this ...
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  • 403
1 vote
0 answers
66 views

Impact on credit score of paying off a debt very late

We went through a rough patch a few years ago after a disabling accident and got behind on some payments. When things turned around, we squared our accounts with our creditors and our credit report is ...
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2 votes
1 answer
268 views

What happens to small bills if they are unpaid?

I understand that bills are sold to collection agencies if they are unpaid. But what about very small bills then? For example, say if there is a bill of less than $10.00, will the company bother to ...
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  • 925
10 votes
1 answer
424 views

Medical bill sent straight to collection agency

I was very surprised to receive a letter from a collection agency regarding a medical bill incurred during my wife's pregnancy last year. We never received any correspondence via mail, e-mail, or ...
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  • 103
2 votes
0 answers
113 views

How to collect a judgement in Maryland?

I have a $30,000 judgement against an individual in the State of Maryland. The case was adjudicated in Small Claims Court in Maryland. I'd like to collect the judgement but the individual is not ...
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  • 384
3 votes
2 answers
337 views

Negotiating with a collections agency to remove a valid, small debt from credit report

I just found out that my wife had a debt from a doctor related to our recent pregnancy go to collections. I found out because credit monitoring picked it up - I haven't heard from a collections ...
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  • 681
2 votes
2 answers
76 views

Is there a prescription/stipulated time for an invoice to be collected?

Is there a time frame to collect an invoice? I have a client I need to collect a bill from. They are always making excuses. Do I have a time frame to collect the bill? Does the debt have a ...
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  • 21
1 vote
1 answer
3k views

Does deleting a tradeline mean the account is wiped from credit report

A collections agency wrote: Within approximately 30 days of your final payment successfully posting, we will request that the three major credit reporting agencies delete our tradeline related to ...
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  • 113
0 votes
0 answers
110 views

Credit card debt

A Russian-Norwegian dual nationality person I know took up 20000 pounds of credit card loans in Norway. He then went back to Russia and has lived there for 1 year now. He has not heard anything yet. ...
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  • 1
3 votes
1 answer
219 views

Does not paying a collections company affect credit score?

From a discussion in comments, a question came up. For the purpose of this question, all I care about is my credit score. I got a credit card, used it and did not pay it back. The credit card ...
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  • 415
1 vote
2 answers
203 views

Should I pay off a credit card or a collection balance first?

I have a collection and a credit card with roughly the same balance. I received a bonus and I am able to pay off one of them completely. Which is more beneficial to pay off first?
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  • 247
2 votes
1 answer
282 views

Improving credit: what should I do about very old debt; ignore, settle, or pay it in full?

I have about $6,000 of very old debt. It went into collections about 3 years ago when I was in college. Today I have a good job, and I am thinking about the future. I am now interested in improving ...
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  • 195
3 votes
2 answers
152 views

How to negotiate a debt in collections?

I have a debt that has been in collections for a significant period of time (>10 years). The debt is from a college loan that defaulted when the lender (a private school) didn't send the deferment ...
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  • 31
87 votes
6 answers
31k views

I co-signed on an apartment for a now ex-boyfriend who refuses to pay. What can I do?

I co-signed on an apartment with my ex-boyfriend when I was 18 and he was 21. We broke up. I am now 26 and it has been in collections for years. He refuses to help pay the debt. I am now stuck with ...
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2 votes
0 answers
149 views

Student loans paid already but collection agency claiming loans are in default

I paid off my student loans via pay garnishments and the IRS taking 3 to 4 years of my tax refunds. Unfortunately, I have moved 5 times in last 2 years and I cannot find my files confirming this. ...
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3 votes
2 answers
164 views

Does an unpaid medical bill that is sent to collections have any adverse affect besides affecting the credit score?

I know that an unpaid medical bill affects the credit score if it is sent to collections. But is there any more adverse affect that it creates?
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  • 939
0 votes
2 answers
219 views

Can a sole proprietorship start a debt collection business

Can I buy bad debt under a sole proprietorship? I've considered the costs of an LLC versus a sole proprietorship. However to dig deeper, I am unaware on "who can buy debt", and where to find these ...
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  • 1
11 votes
3 answers
2k views

Original creditor forwarding payments to collection agency

In 2017 I had back surgery performed at an orthopedic specialist surgery center. During the billing process I set up auto-draft for all of the bills so that I would not have to worry about missing a ...
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  • 247
4 votes
1 answer
358 views

14 year old charge on utility bill

I recently bought a house and signed up for utilities. I then go to sign up for automatic payments on their webpage, and it says I owe over $400 from when my account was last active in 2004. I know ...
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  • 216
8 votes
2 answers
2k views

Do I need to get it in writing when paying off collections accounts?

I have a credit card in collections with a balance of $1972. I will be able to pay this off in a couple of weeks. I have read a lot of articles that say that I can negotiate to have the balance ...
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6 votes
2 answers
2k views

Medical bill with wrong name sent to collections

A few weeks after my wife gave birth, the medical bills started rolling in. One of them was addressed to "BB Last Name)." Our last name is not common but there are other people in our city with the ...
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  • 121
4 votes
1 answer
284 views

Better to pay debt collectors or original provider?

I was having a conversation with a colleague about repairing credit. He believes if you have a debt that went to collection, that it's best to pay the original provider of the goods or services. ...
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  • 143
3 votes
2 answers
190 views

What is the most efficient way to dispute an invalid collection on a credit report?

I had a surgery and a ton of medical issues. All but one thing went through insurance. The healthcare provider for that one thing went straight to collections. I contacted them, and my insurance ...
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26 votes
6 answers
22k views

Potential debt collection scam from National Credit Systems?

Yesterday I received a letter in the mail from an organization called National Credit Systems. In the letter, they say that I owe them $230 to the apartment manager that I rented from 3 years ago. I ...
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  • 381
2 votes
1 answer
154 views

Collections account on one credit report yet CreditKarma reports my scores are almost the same. Why?

I've been fighting with the credit reporting agencies to get an incorrect collections account removed from my report. Two of the three have complied, but TransUnion is being very stubborn. It's been ...
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  • 1,866
3 votes
1 answer
345 views

Can credit card debt be negotiated?

A family member with Credit Card Debt has missed a few payments. The bank sent a letter saying that they would be willing to settle for 20% less of the current debt. Question: Can the debt be ...
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4 votes
1 answer
95 views

Can a bill be sent to a third-party debt collector at any time?

Bob lives in the United States. A business billed Bob. Can the business send the bill to a third-party debt collector at any time? (e.g., does the business have to wait a certain amount of time? ; ...
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0 votes
1 answer
105 views

When does a debt collection affect one's credit score in the United States?

Bob lives in the United States. Bob didn't pay for a bill, and the bill was sent to a third-party debt collector. When will it start affecting Bob's credit score? For example, will Bob's credit score ...
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44 votes
3 answers
7k views

Why would a lien appear on a mortgage after 17 years?

I have a 30 year, fixed rate mortgage from the year 2000. I have never missed a payment and don't have any other debt. A couple of months ago, I a got a letter sent by a company I never heard of (...
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-1 votes
1 answer
171 views

Multiple credit cards for one debt? [closed]

Scenario: A person owes $30,000 in school debt to a single entity. The person also has THREE credit cards. Each month, the person pays $500 using credit card 1 towards the debt and $50 (minimum fee) ...
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7 votes
1 answer
2k views

Collections calling thanks to BioLife. Is this a scam?

My father just received a phone call from collections saying he owes $650 for a product he purchased in 2015. We thought it was a scam call at first but they seemed to have his personal information ...
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  • 173