QUESTION
If you are paying every month on a debt, can it be turned over to a collection agency?
Asked on May 15th, 2013 on Bankruptcy - Idaho
6 ANSWERS
Bankruptcy Attorney serving Phoenix, AZ
at
Law Office of D. L. Drain, P.A.
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Yes, if you are not current.
Answered on May 24th, 2013 at 1:06 AM
Family Attorney serving Henderson, NV
at
Harris, Yug & Ohlinger
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It seems sort of silly that they would - now the creditor pays the collection agency a fee. But yes, they can, if it was actually overdue.
Answered on May 16th, 2013 at 12:45 PM
Debt Collection Attorney serving Chicago, IL
Partner at
Edelman, Combs, Latturner & Goodwin, LLC
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If you are not current, yes. Request verification of the debt and an account history, to make sure all payments were credited.
Answered on May 16th, 2013 at 12:45 PM
Business Law Attorney serving Bingham Farms, MI
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James T. Weiner, P.C.
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Yes. Go to court and get an installment payment order then it cannot
Answered on May 16th, 2013 at 12:44 PM
General Practice Attorney serving Coeur d'Alene, ID
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Michael B. McFarland, PA
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Yes. And unless there is a written agreement, signed by the creditor, allowing monthly payments, you can be sued for the full balance. Also, each time you make a payment, it extends the statute of limitations.
Answered on May 16th, 2013 at 12:44 PM