Welcome to Debt Recovery Guide
Download Debt Recovery Article
. For a permanent link or to bookmark this article for further reading, click here.
Finding Your State Debt Recovery Office
Many states have a state debt recovery office, which is the location you need to send payments to if you are behind on debts that you owe to the bank. To find out where your location is, there are several things you can do. First, check out your state's website (which is usually statename.gov) and locate the state debt recovery office that way. If you have received communications from the state already through written form or email, you may find the state debt recovery office information on those communications. Before you make payment for any of these debts, you should know about debt recovery several things.
First, you should always check to be sure that the amount being charged to you is the amount that you actually owe. If you do not believe that you owe the debt at all, or you believe that the amount that is listed is not correct, take a few minutes as soon as you receive a notification of this to contact the state debt recovery office. When you contact them immediately to let them know that the amount owed is not the correct amount, they will need to prove that it is before they can go forward with pursuing you in a claims court or otherwise.
The next thing you should do is find out what happened originally. For example, did you receive the bill in the first place? Did you forget to pay it? If you still have the bill, you may notice that there is an increase in the amount owed by you. This could be interest and fees, which is common on may notifications from the recovery office. In addition to this, it could be that you are seeing a fee added that is the charge to you that the company is placing because of the fees from the collection agency.
Whenever you receive notice that the state debt recovery office is in need of you to pay your bill, the first thing you should do is to contact them directly. Do not avoid the phone calls as this is admission that you do owe the funds and that you do not plan to pay. Instead, pick up the phone and let them know that you are struggling with making payments right now or that you could be facing a bankruptcy or other such situations. The more that you alert the company of what is happening, the better off your situation will be because they will be able to help you overcome the debt and get through it.
Download Debt Recovery Specific links
Download Debt Recovery News
The Morning Download: CIOs Seek Cloud Cover - Wall Street Journal (blog)
The Morning Download: CIOs Seek Cloud Cover Wall Street Journal (blog) The Federal Trade Commission has already begun collecting information from at least two of the social network's largest competitors: Google and Twitter. The process could also further slow Facebook's already lagging mobile strategy, reports the FT's ... |
Encore Capital Group Announces First Quarter 2012 Financial Results And The ... - MarketWatch (press release)
Encore Capital Group Announces First Quarter 2012 Financial Results And The ... MarketWatch (press release) SAN DIEGO, May 9, 2012 /PRNewswire via COMTEX/ -- Encore Capital Group, Inc. (NASDAQ:ECPG) , a leader in consumer debt buying and recovery, today announced consolidated financial results for the first quarter ended March 31, 2012. |
SquareTwo Financial Reports Strong First Quarter 2012 Results - MarketWatch (press release)
SquareTwo Financial Reports Strong First Quarter 2012 Results MarketWatch (press release) DENVER, May 10, 2012 /PRNewswire via COMTEX/ -- SquareTwo Financial Corporation, a leader in the $100 billion asset recovery and management industry, today reported consolidated financial results for the quarter ended March 31, 2012. |
Fox Whitewashes Mitch Daniels' Deficit Record As Bush OMB Chief - Media Matters for America
Fox Whitewashes Mitch Daniels' Deficit Record As Bush OMB Chief Media Matters for America But policies enacted by the Bush administration while Daniels was OMB director added "trillions" to the deficit and are still responsible for the majority of the increase in federal debt under President Obama, and the Bush administration inherited an ... |
Sealed Air Reports First Quarter 2012 Results - MarketWatch (press release)
Sealed Air Reports First Quarter 2012 Results MarketWatch (press release) ... William V. Hickey, President and Chief Executive Officer, stated: "We remain on track toward achieving our 2012 adjusted EBITDA and year-end net debt targets despite the uncertainty of the European economy and the uneven recovery in the US We are ... |