i haven't been here for awhile but i'm now trying to help my boyfriend clean up his credit and i seem to remember hearing something about in order for a collection agency to collect a debt from you depending on which state they have to sometimes licensed or bonded is this correct and if so does anyone know where i can i check to see if they're currently licensed or bonded thanks
Most states require DCs to be registered and maintain a valid license in order for them to do business in that state. Usually, part of the licensing requirements is proof of general liability insurance. A state may also require a DC to place/purchase a bond in the amount in which the DC is attempting to collect, this is usually only required if the DC files a legal action or if the DC is filing an appeal from a lower courts ruling. A state may also require that the DC purchase a bond in a specific amount which covers the officers of the DC agency for liability instead of providing insurance. Your State Department of State is usually a good place to start your search. Not only can you usually find out if the DC is licensed and/or bonded, but you can also get the names of the officer(s). the primary address of the of DC in your state along with their state Licensing number. In some states, it's the department of Financing or licensing, you may want to contact your state attorney generals office and ask them which dept or agency maintians this info.
i live in california i do believe that the dc needs to be licensed and bonded, i also went on the department of california web site but i can't find anything that will let me check to see if the dc is currently licensed and bonded. Does anyone know of a place that i could check this or should i just email them and ask if they can tell me if they're bonded? thanks
On the state website there are phone numbers to call that will point you to the right agency. You need to find out what agency regulates the CA. You should consider filing a claim against the bond company if you have the CA on violations. It's free and it will get the CA's attention.
This web site may explain your state's laws. I could look it up for you if I knew where you were. http://collectionagency.lifetips.com/cat/60040/state-by-state-debt-recovery/
