can a debt collector do asset assessment

[meshel]

What is the name of your state? Ohio--can a debt collector do an asset assessment on you without your knowledge? Can they change collection companies without giving you notice and tack on $1000.00?

 

[Ladynred]

Yes, any collector can do an 'asset assessment', there are tons of public sources they can access that will show if you have any assets that give them some handle on your financial situation.

As for changing collection agencies, this happens ALL the time and they do NOT have to notify you of the change. You'll just get a new letter from the new CA trying to collect. I'm already up to the THIRD CA on one account, they try for just so long then they give up and send it somewhere else. Its not worth it to them to keep trying so they pass it on.

What is the 'extra' $1000 you're saying they tacked on ? They are typically allowed to add interest if it was in your original card agreement.

 

[meshel]

the last collection place the bill was at 2300.00 now the new place has the bill up over 3200.00--it's for a student loan. it's like they instantly tacked on almost a 1000.00 bucks, once it went to their colection agency. Just thought my credit was my business and no one elses, or at least they would have to have my permission to find out--like a credit check--they have to have my signature to do it. why not collection agencies too? Cause the woman from the collection agency is using it against me asking me does your God let you steal and other very nasty comments. I plan to send them a letter to not call.

 

[Ladynred]

Since your account is in collections, they already have a 'permissable purpose' to pull your credit. Unless you've attached a fraud alert to your file which requires that the CRA's notify you and get your approval when someone tries to pull your reports.

 

[meshel]

thank you for your help.