If abill collection company has asked me to fill out a personal financial statement with all of my personal information, should I give them all of that information?

Asked on December 14, 2011 under Bankruptcy Law, Nebraska

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 8 years ago | Contributor

Why would you want to give your personal information to a third party debt collection company? Assuming you owe money to a creditor, the information provided will be used by the debt collection company to ascertain where your assets are such a bank accounts and employment status.

Assuming there is a judgment against you, the information provided will be used to levy upon your bank accounts and possibly a wage garnishment on your pay checks from your employer.

From what you have written, I would not give any information to the bill collection company.


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