Is It Possible for a Collection Agency to Suspend My Driver License?

Only the dmv suspends driver's licenses and it is for specific driving infractions (DUI), too many accidents showing reckless driving, certain medical conditions, unpaid tickets and allowing your license or insurance to lapse. You can be in collections with thousands of people or like Trump settling out of court in 3,000 lawsuits and nothing should happen to you. But who knows some places like certain cities and states in the south have surprising rules.

1. if you make a payment and it reset the statue of limitation?? collection agency?

Unfortunately, yes is it does....Making a payment resets the SOL.... Anytime you take an action with an account, the statute of limitations is restarted. Making a payment, making a promise of payment/entering a payment agreement that can be documented or making a charge using the account can restart the statute of limitations on an account. When the clock restarts, it restarts at zero, no matter how much time had elapsed before the activity. Note: This does NOT restart the 7.5 year reporting cycle for reporting on credit reports...

2. A collection agency has contacted me about a debt that is no longer on my credit report. Should I pay it?

When ever a debt collector calls you, you are always within your rights under the Fair Debt Collection Practices Act to tell them never to call you on that number. Tell them it is never convenient for them to call you, and they must obey. Look it up. It's in the law. Lots of people file bankruptcy just to end the phone calls, but this is totally unnecessary. And once seven years have passed from the date of your last payment, it will not be on your credit report

3. In small business practice, is going through a collection agency or small claims more effective and efficient?

If you do not have a lot of volume, you probably wo not get much attention from a typical collection agency. A middle ground would be having an attorney send out a letter on the firm's letterhead saying the account is past due and must be paid immediately. This is usually at least as effective as placing with a collector. Collection agencies tend to do well on large portfolios, but poorly on single accounts because their systems are set up to favor efficiency over effectiveness

4. Can I be turned over to a collection agency while making regular payments to a business?

If you make regular payment I do not think so

5. What is the most inappropriate experience you had with a debt collection agency?

I had an Amex charge card that I had never used. We had a cruise coming up and Amex was a great travel card so I decided to use the card, not realizing that it had to be paid off on 30 days. This was no credit card. So when I returned from vacation I found that Amex had sent my account to a collection agency. The agency was polite enough. They called me up and advised if I paid off the account within a certain period of time, any interest charges would be waived. Of course they lied. I paid off the account only to have them call back in a not so polite way and demand interest charges. I reminded them that the call had been recorded. They laughed and a "so what, you still owe it" response came out of her mouth. So I paid the interest, and vowed never to own Amex again. It took me awhile, but I managed to get my credit card rating back to where it was before they threw me under the bus. Lying collection agencies. My fault, not theirs, for being so trusting

6. A debt collection agency mistakenly placed a legal judgment on my credit report - help!?

Well I would say that your friend is going ot have to proof that he's who he says he is...cause more than likely you will need to help determine who you are.. can not hurt right... Good luck !!

7. can a collection agency take my house in canada?

I think so but im not quite sure

8. if my bill goes to a collection agency, what happens to my credit?

come on, not forever. all worst credit histories and even bankruptcies are cleared in 7 (max 10) years. not a short time tho :( good luck... try to pay it off asap before they send it to the collection agency... borrow from friends or family, but pay it off.