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Though they are generally not allowed to discuss the debt with anyone other than you (in countries with strong consumer protection laws like the U.S.), Debt Sold : The debtcollection agency might sell your debt to another agency. this can still lead to embarrassment or social stigma.
Transworld Systems, Inc (TSI) is a well-known debtcollection agency in the United States that works with individuals, large companies, and organizations to assist them in debtrecovery and past due accounts. Debt Validation. If you can, try to settle with the originalcreditor.
Read on to discover all you need to know about debtcollection agencies. Myths About Using a Collection Agency: Paying the OriginalCreditor to Bypass Agencies. Many people believe they can get around dealing with debtcollection agencies by paying their originalcreditors directly.
If you’re unable to pay your originalcreditor, your debt may pass to a debtrecovery agency, earning a collection letter and possibly a stain on your credit report. With this in mind, I’ll walk you through the process of removing Credit Collection Services (CCS) from your credit report.
Depending on the nature of the debt and how communicative the debtor is (or isn’t), commercial debt collectors can employ other tactics like investigating other debt and performing a skip trace on the owner to establish contact. What Businesses Need to Know About Texas DebtCollection Laws.
Ask the Collection Agency to Validate the Debt. If you can’t find inaccuracies on your credit reports, write to the collection agency and ask it to validate your debt. The main issue here is that you have only 30 days to make the request after the collection agency first contacts you. DebtRecovery Solutions.
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