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| *Ostroff, Fair and Company>>>Credit |
Why do debt collection agencies check your credit?? |
I have just viewed my credit report and have noticed a lot of debt collection agencies have pulled my credit. What is the purpose of this? 1) to gather asset information (to sue you) 2) to gather location information(to contact/serve you) 3) to check for open credit cards (ability to pay) Source(s): 9 years in collections then debt arbitration for consumers To see if you owe others, and what assets you may have. Too see were they are on the list and how many other outstanding bills you have.....Also if you have a credit card they will assume you can pay them that way..... Be more concerned about paying your debts than why collection agencies are looking at you. The fact that they are is nothing to be proud of. because they are scumbags.. I hate them |
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