Need-to-know Information About Collection Agencies Seeking To Make You Pay A Seattle Collection Debt

By Author: Resolve Legal
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Are you're being harassed by a collection agency for a Seattle collections debt? Then this article will be helpful. Our Seattle law firm, Resolve Legal, prepared it. We have a substantial amount of experience representing consumers in the Greater Seattle area that become burdened with a Seattle collections debt and are being bothered by a collection agency.

What is a collection agency?
Collection agencies try to collect money from people owing a Seattle collections debt to one or more creditors. The majority of collection agencies serve as agents for creditors. In return for the agency spending time and money to collect a Seattle debt, the creditor pays the agency an agreed-upon fee or a percentage of what's collected.

What can a collection agency do to me if I owe a Seattle collections debt?
Send letters demanding you pay the debt
Make repeated phone calls demanding repayment
Tell credit bureaus about your Seattle collections debt
Advise creditors that they should sue you

Is it likely I will be sued?
A collection agency trying to collect a Seattle collections ...
... from you probably will use the threat of a lawsuit as a lever for getting you to pay the debt. However, if your indebtedness is large ($2,500 or more) and it's believed your assets are sufficient to cover all or a substantial portion of what you owe, a lawsuit may be started.

Does the law regulate collection agencies?
One of the primary laws is the Fair Debt Collections Practice Act. It guards consumers from unethical debt collection actions. You can learn out more about this law and other legal rules that apply to collection agencies from an attorney experienced in Seattle collections debt issues.

What can a collection agency not do if I owe a Seattle collections debt?
Under the law, a collection agency cannot:
Seize your assets until it files a lawsuit and obtains a judgment from a court permitting the agency to take this step
Publicly announce or disclose your Seattle collections debt, except the agency can notify credit bureaus
Take steps to have you terminated from your job
Engage in any type of physical violence against you or threaten you with physical violence

Should I hire a attorney?
It's a good idea to retain an Seattle bankruptcy lawyer whenever you find yourself in financial trouble, and that includes when you're being hassled by collection agencies for a Seattle collections debt. Once you inform a collection agency you've hired an attorney, the agency must stop contacting you. Experienced Seattle bankruptcy lawyers at a law firm like Seattle's Resolve Legal will analyze your Seattle collections debt as well as your overall financial situation to determine if you're a candidate for bankruptcy or other form of legal assistance.

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Please visit http://www.resolvelegal.com for more information about Seattle Collections Debt.