Don «t take anything for granted with third party debt collectors, because they can be deceiving. (consumerbadcreditguide.com)
The creditor may either continue the collection process using third party debt collectors, sell the account to a third party debt buyer, or (if the debt is greater than $ 600) file a Form 1099 with the IRS, reporting the debt as a «forgiven» debt (which is taxable as miscellaneous income to the debtor) and may even use a combination of these actions. (northerncoloradocreditrepair.com)
The lawsuit challenges the collection costs charged to the GSEs, stating there is not a provision in the Nevada Revised Statutes to permit HOAs to authorize third party debt collectors to assess and charge the government owners, Fannie Mae and Freddie Mac. (ypnlounge.blogs.realtor.org)