Share post
Share
Debt Consolidation Forums Collection agencies and creditors forums

Time limit for collection agency to post payment?

Date: Sun, 10/20/2019 10:54
member profile picture
Posts: 2
Credits: 0
[Donate]

Hello. Does anyone know the laws on how much time a collection agency has to post a payment once they receive it? Also what agency governs rules associated with when payments need to be posted? Thanks!




Before answering your question, I have one question for you. Are you a creditor or a debtor? Have you assigned any account to a collection agency or have you made a payment to a collection agency? Are you a creditor who is waiting for a payment or are you a debtor who has made a payment?

Collection agencies are ruled by the FDCPA Act and governed by the CFPB.

Sub: #1 posted on Mon, 10/21/2019 - 03:02

Nick Jonas Nick Jonas

(Posts: 393 | Credits: )

I am asking on behalf of a debtor that has an account with a collection agency.. I cannot find any information anywhere that states how long a collection agency has to post a payment once it has been received. I searched FDCPA and CFPB. Thank you.

Sub: #2 posted on Tue, 10/22/2019 - 04:49

naoout123 naoout123

(Posts: 2 | Credits: )

I hope you have all the negotiations with the collection agency in writing..Verbal deals are difficult to prove if anything wrong happens.
Also how did you pay them? I mean what was the mode of payment?

Sub: #3 posted on Mon, 10/28/2019 - 01:55

Barbara Delinsky Barbara Delinsky

(Posts: 429 | Credits: )

Attachment
More information
  • Files must be less than 500 MB.
  • Allowed file types: txt pdf jpg jpeg png.


DebtConsolidationCare (IAPDA member)
Inter Next Technologies, Inc., Internet Marketing Services, Reno, NV
Connect With Us
About Us | Contact Us | Privacy Policy
Copyright © 2018 DebtConsolidationCare | 301 W. 11th Street Unit E, Reno, NV, 89503, United States
* Disclosures:
  1. By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
  2. Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
  3. Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
  4. Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
  5. The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.
Page loaded in 0.778 seconds.