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Can you still be contacted on a debt that was written off in 1993?
Wiki User
∙ 8y ago
There is no statute of limitations on collecting a bad debt. If you owed the debt in 1993 and never paid it, you still owe the debt.
A judgment has a statute of limitations that is set by both the federal Fair Credit Reporting Act and laws of the state in which you live, or the credit (or collection agency) does business "...whichever is longer". There are circumstances under which an 11 year old debt could be both reported on your credit, collected and filed suit on. If you suspect the statute of limitations has expired; it gives you a cause for disputing the credit report entry and a defense to the judgment.
Wiki User
∙ 8y ago
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If a debt on your credit report says 'bad debt write off ' can the creditor still sue you or collect the money?
= If your credit report reports that you have a bad debt write-off, then it means that the original creditor has written off the debt, but they can still sell the rights to the debt to a collection agency and they can contact you and take legal action.
I settled a debt for less than owed now I am being contacted by a debt collector for the remaining amount but original company won't send a confirmation that the debt was settled-what can I do?
You need to contact a lawyer right away. Mention to the initial company that if they do not provide proof of payment and a letter showing that the debt was settled that you will initiate a law suit against them. If they told you verbally that this is what was going to happen then you may still have to pay the amount. For more information on mortgages go to www.lowmortgageraterefinance.us
Where can one find a debt management consultant?
A debt management consultant can be contacted through the website for CredAbility. This company operates in the Georgia, Florida, Mississippi and Tennessee area. A similar service is provided by DebtGuru.
What can happen to your debt after your car is repossessed?
Your debt is then written off as the car covers the cost of the debt.
What to do if a creditor still says that you owe them after a cancellation of debt?
Ask the creditor to send you written verification of the debt including all of their documents after incurring the debt. If the cancellation of the debt is not indicated in their documents, then dispute the debt by providing your written notification of cancellation of the debt to the creditor and if unsuccessful, then dispute the debt with the credit bureaus who will initiate an investigation with the creditor and the credit bureau will usually repond to you in 30 days. If no response from the creditor then it will usually be deleted from your credit report. If the collection harassment continues then ignore it realizing that probably no legal action will be taken against you or you can contact an attorney to contact the creditor. Either pay the debt or file bankruptcy.
If a debt collector has never sent you a written notice about a debt can you still be sued for the debt?
Yes, you can still be sued for a debt even if a debt collector has not sent you a written notice. While the Fair Debt Collection Practices Act (FDCPA) requires debt collectors to send a written notice within five days of their initial contact, the failure to do so does not prevent them from taking legal action to collect the debt. However, you may have legal recourse if the debt collector has violated any provisions of the FDCPA.
Who are the best debt settlement attorneys in New York City?
In New York City there are numerous attorneys available for debt settlement. The top three listed attorneys or groups are: Michael Levitis, who can be contacted at levitislaw.com. Brooklyn Debt Settlement, who can be contacted at brooklyndebtsettlement.net. Waltzer Law Group, who can be contacted at waltzerlawgroup.com. Brooklyn Debt Settlement group offers an analysis of your situation right at their website and the Waltzer law group offers you a phone number to call that provides the same service.
If a debt on your credit report says 'bad debt write off ' can the creditor still sue you or collect the money?
= If your credit report reports that you have a bad debt write-off, then it means that the original creditor has written off the debt, but they can still sell the rights to the debt to a collection agency and they can contact you and take legal action.
What happens if the second mortgage lender hasn't contacted you on a reaffirmation of a loan after a chapter 7?
Nothing happens, the lien still exists- and the 2nd lender can still foreclose if you stoip making payments. The bigger worry is why you would WANT to reaffirm a mortgage debt!
How can you find out who you originally owed if a debt collection company is now collecting?
After being contacted by a collection agency you have thirty days to request confirmation of the debt. Their response should include the balance owed and the place where the debt was originally incurred.
Are bad debts that are written off taxable or not?
"Written off" does not always (usually) mean a debt is not still collectible. The term "forgiven" indicates that the creditor no longer considers the debt valid. When a debt is forgiven the debtor will receive a 1099C from the creditor/collector and a copy is sent to the IRS.. The debt is then considered income and must be reported on the debtor's tax return as such.
What actors and actresses appeared in The Debt - 1993?
The cast of The Debt - 1993 includes: Kristen Johnston as Alice Kosnick Paul Lazar as The Salesman Scott Renderer as Bill Kosnick
I have a lot of debt can I still get Medicaid?
Debt is not an eligibility factor.
I settled a debt for less than owed now I am being contacted by a debt collector for the remaining amount but original company won't send a confirmation that the debt was settled-what can I do?
You need to contact a lawyer right away. Mention to the initial company that if they do not provide proof of payment and a letter showing that the debt was settled that you will initiate a law suit against them. If they told you verbally that this is what was going to happen then you may still have to pay the amount. For more information on mortgages go to www.lowmortgageraterefinance.us
Who is responsible for your credit card debt after your death in Ontario?
I live in California, and my grandmother passed away and I contacted the credit card companies, told them she died, sent a death certificate, and they took care of the debt.
Where can one find a debt management consultant?
A debt management consultant can be contacted through the website for CredAbility. This company operates in the Georgia, Florida, Mississippi and Tennessee area. A similar service is provided by DebtGuru.
How many years does it take for a debt to be written off?
There is no set time for a creditor/lender to cancell a debt. Charge offs are generally done 180 days after the account becomes delinquent. A Charge off does not mean the debt is not still owed and collectible.
