Accounts in collections Quiz Uncategorized Accounts in collections Quiz yopellc July 31, 2017 0 comments 1. There are only two types of leverage you have against collections agencies. False True 2. Your tax refund check can be seized if you have certain account in collections. True False 3. Name two of the three things you should do when negotiating a settlement offer. Get your agreement in writing. Settle for less than the debt is worth. Pay over the phone with your personal debit card. Negotiate payment arrangements with interest. 4. Why should you NOT write a personal check or use your debit card when paying a collections agency? The collections agency can tell your bank to freeze your account. The collections agency can lower the interest rate on your savings account. The collections agency will have access to your bank account and can charge you more. The collections agency can deactivate your debit card. 5. A collection agency can call your place of employment to get in touch with you. False True Loading … Question 1 of 5
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