In general, once a creditor sells a debt to a collection agency, they transfer the rights and ownership of that debt to the agency. As a result, the collection agency becomes responsible for attempting to collect the debt. In most cases, the original creditor no longer has the authority to reissue a warrant or take direct legal action against you for that specific debt.
However, laws regarding debt collection can vary by jurisdiction, and there may be specific rules or regulations that could impact the ability to reissue a warrant in certain circumstances. It's essential to consult with a legal professional who is knowledgeable about debt collection laws in your area if you have concerns or questions about your specific situation. They can provide guidance tailored to your circumstances and the applicable laws in your jurisdiction.
Yes, a collections law firm, is still defined under the FDCPA as a collector. They are required to follow the same regulations that apply to a regular collection agency.
If the original creditor charged interest then the collection agency will continue to accrue interest at either your states legal rate or whatever you agreed to in the original contract until the debt is either paid or sold to another collection agency or placed with an attorneys firm for legal litigation.
Unless you have a specific repayment plan that the collection agency agreed to, there is no legal reason that cannot sue the cosigner.
No, as they are the legal agent of the original Creditor and the arrangements made with the collection agency are binding on the original Creditor.
Yes, they can collect from the parents or legal guardian.
Before making any commitments to a collection agency, you should get confirmatio from the original creditor that the collection agency has legal authority to collect at settle the debt.
No, it is illegal for a collection agency to garnish or freeze your account for any reason. The only way your account can be garnishes is if you owe taxes or child support. If a collection agency threatens to do this, tell them that you are aware of the Credit Reporting Laws on this matter (there is legal ground for this matter).
sue them for "conversion".
Once a debt is handed over to a collection agency, it's typically out of the original creditor's hands. However, it may be possible to negotiate with the creditor to recall the debt from the collection agency, but this process can be challenging and may require convincing the creditor of your ability to repay the debt directly. It's advisable to communicate directly with both the creditor and the collection agency to explore your options and find a resolution.
Specifically WHAT agency of the government are you referring to? If they are doing so at the direction of a court order, yes. Otherwise they must have a valid search warrant. EXCEPTION: The Internal Revenue Service.
Yes, the debt is a legal "thing" and can be sold on to other organizations for collection.
no ,they also cant call before 9 am or after 9 pm