Tuesday 3 July 2012

Mahnbescheid Online - Can a Debt Collecting Agency Sue You For Out Standing Debt?

Gerichtlicher Mahnbescheid Kosten: If you ever owe any money to a finance company and you are for some reasons behind with your prompt repayments, they may very well always use a debt collection agency to try and to collect the money from you legally. A debt collection agency is not a free style agency, as debt collection agencies have absolutely no rights what so ever to enter in to your home or to take your possessions. All a debt collection agency can actually do is chase or follow you by your telephone, write letters to you and also call at your own home in a professional attempt to get debt payments out from you.

This is an extremely important distinction to make for all the residents. What some agencies do is to enforce the legal orders from the Courts of law or the government departments itself. By law they can never enter into your home and take away your personal property to auction them off to repay your out standing debts. Unsurprisingly enough, people would have no truck with the basic idea of someone coming into your own home to take away your personal goods away. Debt amount collection firm/agencies, on the other hand are totally private organizations that charge for their service of collecting debt amounts and the basic debt collection principles of debt collection are very largely the same in all countries.

Can a debt collection agency sue you for your debts - That largely depends upon whether they own the debt or not.

If you genuinely owe some money, then the person or the organization that you owe money to has the full rights to sue you by taking a legal action totally against you through the Courts of law. Typically a finance company will even try a debt collection firm or agency first and then also consider further legal action if that does not effectively work. Any of the subsequent legal action will actually be on the part of the original creditor, but they may also still use the debt collection agency to even progress the matter further on their behalf.

A professional debt collection agency can only sue you only if your debt detail is with them, and not a third party creditor. Some of the debt collection firms or companies buy many bad debts even for a fraction of their total value and make their share of money simply by trying to recover the fullest amount of the whole debt. If the creditor company to you which you originally owed your money to has sold that debt to such a debt collection company or agency, then that debt agency could indeed legally sue you to recover that debt amount, just because the debt now legally belongs to them and not your original creditor. 

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