a collection agency has sent me a threat of (26 u s c 6050p) what is it and in Texas debt limits what do i do?
102691
It is probably a scare tactic to get you to pay.  If you do not owe the debt, sent a certified letter to them indicating that you do not owe the debt.  If you do owe the money and do not have a dispute on the validity of the debt, then make payment arrangements with them.
301161
Below are my best links. This will help you out.\n\nMy battle cry!   You are about to go to war.  Do NOT fight these guys unarmed.  Knowledge of the law is your only weapon.  Read the links below and get armed!!!!  \n\nKeep a few things in mind before you begin your battle.  If the reports on your credit report are accurate, there is nothing you can do to remove them.  \n\nYou can get some of the items removed by going through a precedure set by the Fair Credit Reporting Act.  It involves the following:\n\n-Dispute the listing with the Credit Reporting Agency (CRA).  They have 30 days to verify the debt with the creditor.  If they get no response, the listing must be removed.\n\n-If they do get a reply, and the listing stands, you can request that the item be disputed, and a message will appear on that listing for future creditors to see (and usually ignore).\n\n-Send a "validation demand" letter to each creditor.  They have 30 days to respond by sending copies of contracts, letters, bills, and anything used to calculate your debt.  They must prove that they have a valid debt, and you are legally obligated to pay.  Many times the creditor doesn't have the records, doesn't want to spend the time to search, or pay the manpower.  If they ignore this request, send a copy of the letter along with another demand to the CRA to remove the listing.  If they fail to do so, they can be held liable for a lawsuit.\n\nYou can sue for any failure to comply with FCRA law in small claims court (check with your state to see exactly how, as each is differant).\n\nKeep logs of phone calls, send all letters by certified mail, and keep copies of everything!  Carefully study your credit report for any errors.  Is the date they claim you defaulted correct?  Are the balances and credit limits correct?  Challenge all of them!\n\nGood luck
839375
What seems to be happening here is,the company you had the actual debt with has not closed the account and it has therefore gained small interest,these files are then sent in bulk for a collection agency to sort out,the amount which has been paid still remains as unpaid when sent to the collection agency,so what you need to do is make contact with the persons,company or who ever the debt originated from and in turn they should inform the collections company,the fact that you say you continue to get them off different companys also backs this,has what is also happening one you explain the situation to one collection company and they then send it back to the originator who then sends it to another collection company,this is because the left arm hasnt got a clue what the right arm is doing and in any case dont worry about it,if seven years have passed you can tell them to take a run and jump
426070
What was the date you defaulted on the loan?  When did you pay last?\n\nWith that much penalty/interest, it sounds like an old debt.  Each state has a statute of limitations, and after that time you have no legal obligation to pay the debt.  So that will at least get any creditors off your case.\n\nAs for your credit report, you can try what the previous responder said, and send a letter to the collection agency (See the links I've supplied below for info).  But I'm going to bet it won't work in your case, especially for a large credit card company that does this nonsense all the time.  They know the game, and know how to play dirty.\n\nJust because a loan has been charged off and closed does not mean you are off the hook.  The balance can be sold to a collection agency, and they can continue to try and collect.  Without looking at your agreement, I can't advise on how legal their intrest and penalty charges are.  But they will also threaten you with legal fees if they try to take this to court.\n\nCredit reporting agencies will report this debt for 7 years, after which they MUST remove it.  So check the dates, and if this is an old debt my suggestion is ride it out, then watch the report drop by itself.\n\nContact me if you need more info.
531124
You need to pay it and it will show a PAID collection on yout bureaus. Theres no way around it.  Have you disputed it with the bureau?  If they cannot validate it within 30 days they have to remove it per the FCRA.  You could try that route.
750204
OK, a couple of things you should do:\n\nFirst, next time they call, tell them explicitly NOT TO CALL YOU AGAIN.  By law if you tell them that, they cannot call you any more, they can only deal with you through the mail.  In writing there can be no he-said-she-said.\n\nSecond, forget the collection agency.  You are under no obligation whatsoever to pay them ANYTHING.  Call the company you have the original debt with, and set up repayment with them.  IGNORE the collection agency.  If they call, hang up on them.  I repeat:  you are under no obligation of any kind to pay them anything, your debt is with the company you owe, NOT the collection agency.  Deal only with the company you owe the debt to.\n\nFinally, find out where the collection agency is located, and report them to the local better business bureau and local Federal Trade Commission office.  In writing.\n\nThen pay your debt off *with the company you owe it to* and be done with it.
1054991
I think they can sue you...but only if you aren't making any payments...\nsend the collection agency $50 a month, or a little more if you can spare it...it will keep them from being able to sue you
181500
Hey Ryan~ You asked quite a few questions so I'm going to break my answers up so here it goes:\n\n"After I have paid off a collection and my credit report states that it is closed and paid in full"\n \nAre you SURE you owed the collectors? You may not have had a contractual or legal obligation to pay them. Did you ask for validation of the debt before paying? If not, even though you have paid them it is not too late to ask for the validation. If they cannot validate the debt, even though paid, you may be entitled to a refund of said monies as well as they cannot validate or verify the information with the credit reporting agencies.\n\n"do granters look past this." \n\nFor scoring it will not help your credit score. HOWEVER, if a creditor does a manual review of your credit then yes they may look past it as it has been paid especially for a mortgage. \n\n"On my current credit score I have 6 negative marks, 4 of the 6 are paid in full and closed."\n\nRemember what I said above about the paid accounts. For the 2 that are not paid; send them a debt validation letter by certified mail return receipt requested. You want them to prove to you that you have a contractual and legal obligation to pay them and not the original creditor. \n\n"From what I have read on here it seems to be a lengthly process of trying to get that mark removed before the seven years are up"\n\nIf they do not respond to your validation request send a copy of the certified letter along with a copy of the "green card" you get back from the post office for the certified mail to the credit bureaus along with a dispute of the tradeline in question. You have proof the debt cannot be validated therefore it must be removed according to the FCRA.\n\n"Is there any I can do to improve my credit score to get me great interest rates?"\n\nI don't know what your current scores are but yes there are several things you can do like continue paying your bills on time, lowering utelization on any accounts currently open. Do not seek further credit. Each inquiry can hurt you. With as many derogatories you currently have it may be difficult to get new credit. If you have a good history with your current creditors then you may want to consider calling them and asking them to lower your current interest or wave annual fees.\n\n"Also I have presented offers to the original creditors to pay the accounts in full if they will pull them back and none have taken any of the offers."\n\nThat is not uncommon. Try to work out a doable payment plan with the original creditor (OC) to pay off overdue balances. Do whatever you can to keep the OC from sending your account to a collection agency if at all possible. If you insist on continuing to make "offers" to the OC then make sure you're sending them in writing.\n\n"Correct me if i'm wrong but from my understanding once an account is sent to collections the original creditor is paid the unpaid balance in full from the collection agency and the agency comes after you and tacks on an agency fee?"\n\nOk I'm correcting you. In my opinion you're wrong. Some collection agencies may actually be "in house collectors" which means the collector is a paid employee of the original collector. Outside collectors are known as third party collectors or JDB's (junk debt buyers). In many contracts and states a collection agency may not be permitted to tack on additional fees which is why it's important to ask for validation so you will know what the fees are for if they are in excess of the OC. Many JDB's purchase debt for pennies on the dollar.
701810
Check the "THE FAIR DEBT COLLECTION PRACTICES ACT".\nI had to do this once to a creditor harrassing us for a bogus debt. Harassment and threats are against the law. Send them a letter telling them to stop and threaten to copy your local consumer protection agency and better business bureau. They are in violation of federal law so trust me, they will stop.\nAlso, I can't remember where I found it, but somewhere on the internet is a sample letter you can even use and tailor it to fit your exact situation. Good luck.
212783
go to the court that issued the judgment, and have them enforce it. they could garner wages or confiscate property from them. Or, sell the debt to a collection agency. You will only get a small amount, but its better than nothing and then its no longer your problem.
47000
contact the creditor. If it is a large firm ask for the collections department. Attempt to negotiate a settlement that includes elimination of the negatively reported information. Start by saying "can you help me with this". Explain the original problem and staate that you want to make it good. Sometimes they will be sympathetic. At a minimum, if you pay they have to report it as originally charged off but paid.
1058942
To begin with, never NEVER believe a collection agent.  When they tell you they will notify a credit bureau about your payment, there is NO GUARANTEE the will do so. \n\nWhat you need is for the collection agency to send you IN WRITING an agreement that once you have paid your bill, they will remove any negative information from your report.\n\nThe problem is we are now dealing with other countries, and other laws.  I don't have a clue what laws Irland has concerning credit reporting (they may not even have any!), so without any legal backing that letter can be next to worthless.  \n\nSo before you procede, you need to research the credit reporting laws and see what sort of protections you have.   Otherwise, you are working solely on the work of the creditor, which is not a bright idea.
37131
i would be careful.  they are trying to "reage" the old debt.  See on old debt time runs out that they can contact you, and also put it on your credit score, so they are trying to keep coming after you.\n\nIf it is your debt think about paying it off, if for some reason it is debt that is not yours, throw the paper away and do not do it.\n\nhttp://moremerchant.com probably has info on it.
644911
The advice to call the FTC, or your Representative or Senator....please don't waste your time.  What a crappy bit of advice!\n\nNot sure what the insurance company is doing, start by calling them and get info.\n\nBut you did say you have proof the bill was paid, so lets go along that angle.  Paul M is correct, you simply need to read the Fair Debt Collections Act and the Fair Credit Reporting Act.\n\nFollow my instructions....I've played this game before and it will work for you.\n\nSend a "demand to validate" letter to the collection agency.  Use the sample letter below.  By law, they have 30 days to send you proof that you owe this debt.  That includes contracts, bills, receipts, and everything used to calculate what they claim you owe.  Also include a cease and desist notation in the letter so they stop calling you and bothering you.\n\nSend a letter detailing your dispute to the credit reporting agencies that are listing this debt.  By law, they must investigate this.\n\nIf the collection agent does not validate this debt, send a copy of the VOD to the credit agency, along with another demand to remove the listing.  \n\nIf they still do not remove this listing, you have an excellent small claims suit against both of them for listing unvalidated debts on your credit report.  You can sue them for $1000 each, and you WILL win.  I've done it, it works!\n\nContact me if you need any help or advice.
922054
Contrary to what most people think, social security numbers are not super-secret information. Collection agencies, lawyers, and others have access to tools that can be used to locate you based on just a name and address, and can get your social security number quite easily. Instead of ignoring them, write a letter to the agency asking for proof of the alleged debt. Under law they have to provide this "validation". If they then provide the proof, you had best pay it unless you dispute the charges, otherwise you can bet it will pop up on your credit report. Even a small $20 collection can be very damaging to you for a full seven years, so my advice would be to just pay it.
211125
First off this sounds like a threat.\n\nIf you owe a business or professional (Accountant, Lawyer, Doctor, etc.) they typically don't have the ability to report directly to a Credit bureau.\n\nThe only 2 ways they can do this:\n\n1) Send your debt to a collection agency who will try and collect from you. Each state has specific laws regarding how long they have to try before they can report to bureaus.\n\n2) The "Professional" can take you to court. If he wins he will get a Civil Judgment. That will most likely be reported to the bureaus.\n\nIt is always best to negotiate a settlement/payment plan with the original lender.\n\nIf you know the charge/debt is incorrect than I would let him either take you to court where you can present to the Judge your information and depending on your jurisdiction you can recieve a judgment for your costs if you win.\n\nIf he takes you to collection you can ask the Collection Agency to validate the debt and they have 30 days to provide you with the pertinent info (date of debt, how much, copy of invoice, etc.) to prove their debt. That will at least buy you 30 days.\n\nIf you are just being threatened and you know that the debt is invalid then send them a certified letter requesting validation(proof) of the debt.\n\nGood Luck
198442
Relax, I can fix your problem real quick with just a phone call and a letter.\n\nCall up the cell phone provider and let them know your account was sent in error to a collection agency, and inform them to call off the dogs.  \n\nThen send a cease and desist letter to the collection agency.  The link below has a sample letter, just change it around to fit your purpose.  \n\nBe sure to include a statement telling them not to call or write to you again.  \n\nBe sure to check your credit report at www.annualcreditreport.com to make sure that the collection agency didn't put any negative comments on it.  If so, I've enclosed some additional links that will help you out.\n\nMail the letter Certified USPS so you can prove and track it.  Keep logs of all letters and phone calls that you make in case you need to follow up with legal action.\n\nI'm 99% certain that by following the above advice you will not hear from them again.  Unfortunately, many collection agents are so narrow minded (all the see is green) that you may need to stop them in court.  \n\nIt's very important to note:  Unless the debt is large (at least $1000) many collection agencies won't even try to sue you to recover the debt.  They are content to going after your credit history and messing up your life.  \n\nYou are fighting a war!  Do not fight these guys unarmed.  Knowledge of the law is your only weapon!  Get armed!  Read the links below.