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. False True 3. Name two of the three things you should do when negotiating a settlement offer. Pay over the phone with your personal debit card. Negotiate payment arrangements with interest. Settle for less than the debt is worth. Get your agreement in writing. 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 will have access to your bank account and can charge you more. The collections agency can deactivate your debit card. The collections agency can lower the interest rate on your savings account. 5. A collection agency can call your place of employment to get in touch with you. True False Loading … Question 1 of 5
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