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Licensed to collect in my state?

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toohotnky
Guest

Subject: Licensed to collect in my state?

Wed Jan 10, 2007 3:59 pm

How do I find out if a collection company is licensed in Indiana?

Justin

Justin

Joined: 17 Jul 2006
Justin's page
Posts: 1240

28942 Magic Points

Wed Jan 10, 2007 7:49 pm

Hi Toohotnky,

Contact Dept of Financial Institutions in Indiana and inquire whether the CA is licensed there or not.

All collectors must have a legitimate license in the borrower's state before doing collections. Without a valid license, you can take legal actions against them and file complaints with the state Attorney General and the DFI.

Justin

Polly

Joined: 06 Jul 2006
Polly's page
Posts: 62

3035 Magic Points

Wed Jan 10, 2007 8:44 pm

Hi,

You can also provide the name of the collection agency on this following site to know if they are licensed in Indiana or not - http://www.in.gov/apps/sos/securities/sos_securities

Polly

toohotnky
Guest

Wed Jan 10, 2007 10:16 pm

Thanks for the feedback, I didnt find them registered there. They have to take me to court before they can put a freeze on my bank account right?

Polly

Joined: 06 Jul 2006
Polly's page
Posts: 62

3035 Magic Points

Thu Jan 11, 2007 1:25 am

Hi,

So, they won't take the case to the court because they are not doing a legitimate business in your state. A collector must be licensed to do collections. With that said, they lose legal powers to access your checking account. You should try to make arrangements with the original creditor for payments.

Polly

MT1331

Joined: 17 Jan 2007
MT1331's page
Posts: 9

570 Magic Points

Wed Jan 17, 2007 11:54 pm

Were they making threats to put a freeze on your bank account?
_________________
Michael Todd
Abrams, Lapham & Todd

$0 Out of Pocket Credit Repair
www.creditadvocate.us
877-251-1527

RT703
Guest

Subject: Help From Mr. Todd

Thu Jun 09, 2011 5:25 pm

I know this is an extremely old thread; however, I was trying to contact Mr. Todd for help. Neither his phone number nor his website seem to work. Is there updated info or is he just a scam?

Thanks,
RT703

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