How do you know if a collection agency is legit?

Contact your creditor Track the source of the debt by reaching out to your creditor to see if it has any information about the debt in question. If the company that contacted you matches what your creditor has on file, you’ll know it’s a legit debt collector.

Who does TSI collect for?

Transworld Systems collects delinquent debts for a variety of businesses and industries, including “Fortune 100 corporations, national and regional healthcare providers, financial institutions, state and federal government organizations, educational institutions, and small- and medium-sized businesses.” TSI’s accounts …

Is it best to pay the collection agency?

Paying your debts in full is always the best way to go if you have the money. The debts won’t just go away, and collectors can be very persistent trying to collect those debts. Before you make any payments, you need to verify that your debts and debt collectors are legitimate.

What happens if you don’t pay back debt collector?

If you ignore the collector they will make a negative report to the credit reporting agencies regarding your credit report. This will hurt your credit score. The longer you ignore the debt collector and don’t pay the debt, the larger your debt will get.

How long does a debt collector have to collect a debt?

The time limit is sometimes called the limitation period. For most debts, the time limit is 6 years since you last wrote to them or made a payment. The time limit is longer for mortgage debts.

How do I find out if I have debt in collections?

Check Your Credit Report The first thing to do to find out if you have debt in collections is review your credit report. You can obtain a free credit report from each of the three major credit bureaus — Equifax, Experian and TransUnion — once every 12 months from AnnualCreditReport.com.