I ONCE ATTENDED A NON ACCREDITTED SCHOOL I WITHDREW ,THE SCHOOL SAY I OWE THEM $500. IT WENT TO COLLECTIONS THE COLLECTION AGENCY ARE NOT OFFERING ME A FAIR PAYMENT PLAN THEY SUGGESTTED ME NOT PAYING MY OTHER BILLS TO PAY THEM OFF I CAN NOT DO THAT , WHAT SHOULD I DO.
2006-12-23 23:50:45 · 7 answers · asked by Anonymous in Business & Finance ➔ Credit
In the USA the collectors cannot do anything until they take you to court and get a judgment against you. After that, then the judge can attach your wages, assets or most anything that the collectors want. When you receive the notice of the lawsuit, make sure you attend and tell the judge you want to make payments. The judge will set up a payment schedule.
Better yet, make reasonable payments now. You don't have to forget about your other bills, but you have to pay them something.
2006-12-24 00:04:59 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Tax liens are unlikely. If they are going to go after your wages, they would have to go to court. For $500, that's a lot of hassle. They would probably just keep calling you and threatening you with non-sense so they can get your money. Worst case they can do is get your social security number and put in a bad credit report (which you can then dispute -- which really ticks them off).
2006-12-27 06:41:52 · answer #2 · answered by John Rosa 3 · 0⤊ 0⤋
No, a collection agency cannot put a lien on your taxes. I would call the IRS just to be sure and ask them if there are any outstanding "holds" on you...in case it was a federal student loan. If that's the case then, yes, they can withhold your taxes.
2006-12-24 01:42:47 · answer #3 · answered by Kevin K 3 · 0⤊ 0⤋
you're relating the 1099-C (forgiveness of debt). in case you settled for below the entire quantity of the debt, then the series corporation could concern you a 1099-C. it appears that evidently they have got been given a judgment against you for the entire quantity of the debt, so the 1099-C isn't an argument.'' you don't get a tax injury. if to procure the 1099-C, the quantity of the forgiven debt could depend as earnings on your tax return. you're able to owe taxes on it.
2016-10-28 07:02:46 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Let them know that you want to set up a payment plan with them. Ask to speak with the manager if no one else will work with you.
2006-12-26 17:09:58 · answer #5 · answered by luciousgreeneyedlady 5 · 0⤊ 0⤋
In Michigan they can take your state tax return after obtaining judgment.
2006-12-24 02:38:11 · answer #6 · answered by Anonymous · 0⤊ 0⤋
I'd first ask you where in the world are you?
Law applies differently in each country.
2006-12-23 23:54:20 · answer #7 · answered by Amitmit 1 · 0⤊ 0⤋