However, creditors sometimes just “assign” debts to agencies so they can still receive a percentage of any funds recovered from you. Under both sets of circumstances, creditors usually don’t want to have any further contact with you.                                                                                                                 After obtaining the legal right to collect your debt, an agency normally assigns it to a specific debt collector who will contact you and request immediate payment.                                             Here are some additional facts you’ll need to understand about how your debt account will be handled by the agency.

What to Expect and How to Respond Once a Debt Collector Has Been Given Your Account

  • The agency will pull your credit report to decide how likely it is to obtain payment from you. If you own significant property and have rarely defaulted on other credit card payments or loans, you’ll probably be pursued rather intensely;
  • If the collection agency learns that you have defaulted on many financial accounts, you’ll still be contacted but your account won’t garner as much attention;
  • Be patient and realize that creditors often fail to give agencies fully up-to-date information about your account. Always demand a written letter indicating exactly what you owe so you can contest it if it’s incorrect;
  • Given the large amounts of money that can be made from debt collecting, you must watch out for abusive debt collectors. Only foolish and overly greedy debt collectors will be abusive. If they are, tell them that you know your rights under the Fair Debt Collection Practices Act and will pursue legal action if treated poorly. Most of these agencies just want you to agree to a repayment plan – and honor it;
  • If you fail to begin making payments of any size, a lawsuit may be filed against you. Once this has occurred, the collection agency will seek a judgment allowing it to place a lien on some of your property – with the goal of having you sell it so you can repay the debt. Depending upon the laws of your state, a collection agency may also try to garnish your wages based upon any judgment it obtains from a court ordering you to pay what you owe.


If you believe that you’re a victim of any abusive debt collection practices, contact the Law Offices of Georgia consumer protection attorney Shane Smith so that you can learn more about your rights under federal and state consumer protection statutes. Call (770) 487-8999 today to schedule your free initial consultation.

Shane Smith
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Advocate for the Seriously Injured in Georgia

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