Return to site

How to Determine Which Collection Agency You Owe Your Debt To

· Consumer Advocate,ARM Industry,Creditors,Debt Collection 101,FDCPA

Who owns your debt?


If you are in a position to pay your debt but are unsure which collection agency it is with, you can follow these steps to find out:

Step 1: Get Organized

The first step in determining how much you owe and which agency has your debt is to get organized. Gather your last bills and statements or contracts to provide the original creditor with proof of the original account number.

Step 2: Contact the Original Creditor

If you think your debt has been sent to a collection agency, it is important to contact your original creditor to verify the amount you owe and who they placed or sold your debt to. Ask for the name, address, phone number, email, and the person in charge of handling your account at the agency or debt buying firm.

Step 3: Follow the Chain of Title

Keep calling down the chain of title to find the rightful agency servicing your debt or the firm that owns your account. This may not seem productive at first, but it is the only way to validate the rightful owner or agency calling on your account.

Step 4: Reconcile Your Information

Reconcile your information on your credit reports with what you found in your records and by verifying with your original creditors. Collection agencies will report debts to the credit bureau if the debt is not time-barred and will provide their contact information to the bureau. You can use this information to find your creditors and how much you owe.

In conclusion, by following these tips, you should be able to determine which collection agency you owe your debt to. If you need further assistance, please click here for more information. Good luck in paying off your debts!