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Debt Collection Agency (Capital Management) Refuses to Stop Calling Me. What Can I Do?

Capital Management Services Group

1. Collection agency asking for monthly payment on a charge off?

Perhaps our President should introduce a mandatory written exam for anyone wishing to apply for credit to be absolutely sure they fully understand what they are getting into and all the implications of not adhering to a credit agreement. Some of the questions on this site - not so much this one - make me cringe with embarrassment for the person asking the question. So many people seem to happily sign credit agreements with no real understanding of exactly what they are agreeing to or that the credit agreement itself is a legally binding document.

2. Can collection agency damage my credit history?

You owe. Makes no distinction that your shape replaced into not on time and which you found substitute tenants. Your hire required a 60-day word. you in basic terms gave 30. you may are transforming into something in writing out of your former landlord indicating that the 30-day word replaced into proper considering you have found substitute tenants ..... surely, if it ai not in writing, you are caught with that written hire. Pay the series business enterprise yet until now you pay a cent, get a written settlement settlement that they gained't record the debt to the credit bureaus in replace on your fee. you may desire to be waiting to barter a smaller settlement yet do no longer anticipate it. maximum pay for delete agreements desire finished fee.

3. i settled a debt with a collection agency but i think they are a scam now what should i do?

as long as you paid directly to boa...you are fine...takes time to clear up....follow up with them weekly

4. what happens if i dont pay a collection agency?

Its not worth ignoring it on the basis that it will affect your credit history for a long period of time. So if you need any help with lending in the next couple of years no financial institutions will be able to help you unless the debt is paid in ful or cleared. However, most collection agencies are happy to come to some sort of solution with you i. e a repayment plan where you can start paying them money but may not affect your expenses for Europe. You shouldnt have a problem at the airport but you should get onto it straightaway!

5. If I buy a 100k house with 80k mortgage, and sell it immediately for only 60k, will the collection agency hound me for the other 20k?

NOT GOING TO HAPPEN at least not in the USA. See Donald Tepper's answer.I've no idea what economics you are looking to exploit here but if you were to somehow execute this senerio you've just generated $20,000 of taxable income to yourself with exactly $0 cash coming to you

6. Can collection agency add negative items to credit report after orig debt's SOL has expired?

States collecting SOL have nothing to do with the reporting period. If the collector owns the debt and it is still within the reporting period, they have a legal right to report it. If they are reporting, they MUST report accurately. They cannot report, for example, past due, past due balance, open account, factoring company, 1 month terms, etc., etc., etc. If they are reporting and the original creditor is reporting also, the original creditor MUST report with a zero balance. You have a right to dispute any and all inaccurate info that is being reported by either the collector or the original creditor. One poster mentioned that the collecting SOL might be reset. The collecting SOL in Ca. "cannot" be reset once the account has been charged off - even if a payment or an agreement to pay is made. Once it's charged off - that's it. Code of Civil Procedure 337(2). RNC, Inc. v. Tsegeletos (1991) 231 Cal.App.3d 967, 972 edit SCH posted that they can report the account forever - NO Once it has passed the legal reporting period it would be illegal for them to continue to report or for another collector to place it on your reports. If they do, you have a legal right to sue them for FDCPA, FCRA and California's own FDCPA violations. If you create a solid papertrail of their violations, you would more than likely win. Ca. has their own, very strong, version of the FDCPA, you should read it.

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