Can you refuse to pay a debt collector?

Debt collectors are not currently obligated to advise you that they cannot sue you or legally ding your credit report if you refuse to pay stale debt.” In most states, the statute of limitations runs four to six years from the date you last made a payment. And that’s the catch.

Can a third-party collection agency take you to court?

Yes, a debt collector can still enforce a bought debt and take you to court. So, it would be best if you acted quickly. When a debt agency buys debt from an original lender, they take over their rights to the money.

Do I have to pay a third-party collector?

You don’t have to pay any more than what you owe. Collectors aren’t allowed to charge any interest or fees to your account unless the original contract includes them or your state’s law allows it. You can dispute an amount that seems unreasonably high.

Are you legally obligated to pay a collection agency?

If you default on a credit card, loan, or even your monthly internet or utility payments, you run the risk of having your account sent to a collection agency. These third-party companies are hired to pursue a firm’s unpaid debts. You’re still liable for your bill even after it’s sent to a collection agency.

Can you sue a third party debt collector?

Obviously if you keep these records and document that you are to the Third Party Debt Collector (or any company contacting you in attempts to collect a debt), they will realize your competency and most likely leave you alone and never sue you. They don’t want to pay for legal action only to loose and collect nothing.

When do you have to pay a collection agency?

Many people think they have no obligation to pay a third-party collection agency. After all, it’s not the original company you created the debt with. Once you default on the original credit agreement and the business sells the debt to a collection agency, that agency has the right to collect on that debt — assuming the collector operates legally.

What happens if you have more than one debt collector?

If you have more than one debt with a debt collector, you’re allowed to choose which debt your payment should apply to. The FDCPA also forbids the collector from applying your payment to a debt that you’ve disputed. You can avoid payment on an expired debt.

Can a collection agency Sue you for an outstanding balance?

After all, it’s not the original company you created the debt with. Once you default on the original credit agreement and the business sells the debt to a collection agency, that agency has the right to collect on that debt — assuming the collector operates legally. A collection agency may even be able to sue you for an outstanding balance.

Can you refuse to pay a debt collector? Debt collectors are not currently obligated to advise you that they cannot sue you or legally ding your credit report if you refuse to pay stale debt.” In most states, the statute of limitations runs four to six years from the date you last made a payment.…