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Foolish
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∙ 10y ago
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Another name for debt collectors?
Debt Advisor
What is a second party collection agency?
A second party collection agency is an agency trying to collect a debt that is owed to someone else. If for example, you owe on a store credit card from ABC store, they may turn the debt over to another agency that has nothing to do with them. This is a second party collection agency.
What insurance companies do not use credit score to figure premiums?
Most insurance companies utilize your credit score to an extent. They use what is called an insurance score to help determine the likelihood of you filing a claim. The information that is essentially used will include things such as the amount of debt you have, the types of debt you have, and how long you've had credit.
What is considered non-consumer debt?
Basically they it is a debt related to businesses or other non-personal matter rather than consumer debt which pertains to home, family, personal expenditures, etc.
What service does the Baycorp company provide?
The company called Baycorp is located in the country of New Zealand, and Baycorp provides many legal services to people including debt recovery services.
What is the meaning of A promise made is a debt unpaid?
When you make a promise to someone, it is equivalent to you taking a debt from that person. And the debt is paid back, only when the promise is fulfilled. So think before making a promise. The quote itself is from Robert W. Service's poem, "The Cremation of Sam McGee." If perchance you have never read that poem, you must find it (it's out there on the Internet) and read it. Read it aloud, to your friends, at night.
When you owe money to someone it is called?
debt
What is it called when you own someone money?
Debt.
What are people called have a debt owed to them?
A creditor is someone who has a debt owed to them. The one who owes the debt is the debtor.
Definition of primary promise?
promise to pay another's debt that is not conditioned upon the other person's failure to pay promise to pay another's debt that is not conditioned upon the other person's failure to pay
What is indemnity?
an unconditional promise to completely assume another person's debt
How do you use misery in a sentence?
The promise of relief from misery of overwhelming debt.
How do you stop a collection agency from harassing you for someone elses debt who happens to have the same name as yours?
The next time the collection agency calls you, you need to let them know they are calling the wrong person. You should also ask for the manager.
If someone over 21 has a debt at there parents address if they don't pay that debt is the debt the parents and the address or the person who has taken out the debt?
The debt is the 21 year olds. Unless someone else in that house co-signed for the debt. Then they are also liable for the debt. It is illegal for them to ask you for money for someone elses debt even if they live in the same house as you. It is also illegal for them to say this is Credit Care and we are calling John Smith about his debt. Refer to the www.FTC.com website that is the Federal Trade Commission. You can file a claim against them. Also I would check out Dave Ramsey. His website is www.daveramsey.com he has these types of questions pop up all the time on his national radio show. You could also call him when hes on the air and ask him. I deal with bogas credit collection people with a sports air horn. I will warn them once. If they call back they get the air horn.
If someone holds a debenture what can they do with it?
With a debenture, a company can hold a debt with another. A debenture is a loan agreement where there is no collateral or assets involved. It is based on the promise and credit history of the company that it will be paid back.
What is meant by a pledge?
A pledge is a promise or a agreement to do something. It also can be a payment of debt.
Can a person tell the credit card company that the debt they owe is someone elses as they gave funds to that person. I thought that if it was your card it was your debt?
I'm sure they can tell the credit-card company anything they like. Whether it makes a difference is another question. The card-holder has the contract with the credit-card company. There is no way they could legally go after someone else for payment of the debt, unless they were also a signatory to the account. That just seems common sense to me. Sorry I am not a lawyer though.
