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If you are being sued and you have 20 days to reply how likely is it that you can call the company and make arrangements to repay the debt?
Wiki User
∙ 8y ago
Although it more than likely is a collection agency that has bought the account. You will need to deal with them not the original creditor. One of the factors that differ in 3rd part collectors and OC, is collectors often require payment in full. Some will only agree to a lump sum settlement. Much depends on what agency is bringing the lawsuit. Some are very easy to negotiate with, others it will be on their terms only. Still no one wants to go though the hassle of court procedure. It can't hurt to offer a settlement amount or ask for a payment option.
Wiki User
∙ 8y ago
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Is it possible to get a new mortgage on a mortgage free home without income verification?
That is not likely. The main factor in being approved for a loan is not whether there is debt on the property but whether youcan repay the loan. The lender will verify your income to make certain you have the ability to repay the money they loan to you.That is not likely. The main factor in being approved for a loan is not whether there is debt on the property but whether youcan repay the loan. The lender will verify your income to make certain you have the ability to repay the money they loan to you.That is not likely. The main factor in being approved for a loan is not whether there is debt on the property but whether youcan repay the loan. The lender will verify your income to make certain you have the ability to repay the money they loan to you.That is not likely. The main factor in being approved for a loan is not whether there is debt on the property but whether youcan repay the loan. The lender will verify your income to make certain you have the ability to repay the money they loan to you.
What financial statement is most likely to provide information about a company ability to repay debt?
Statement of financial position (Balance sheet)
What financial statement is most likely to provide information about a company's ability to repay debt?
Statement of financial position (Balance sheet)
What is a financial failure caused by a company's inability to repay its debts?
bankruptcy
Does your landlord have to repay the insurance company fo your renters insurance settlement?
no
How do you repossess a car that your child was supposed to repay but that you took out?
IF your name is on the TITLE, you go get it. If not on the title, call the lender and make arrangements for them to repo so you can have possession of the car.
Can you return a car lease 1 week later if it was a dealer demo?
The dealership and the lien holder may be one and the same entity. In either case, you need to make arrangements with the dealership to accept the vehicle and repay the funder of the loan (either themselves or another finance company). Most likely this will require legal assistance since, once the contract is signed, the onus of making payments is on your shoulders. Good Luck
If your truck is going to be repossessed will you have to repay the outstanding debt?
READ your contract. Likely the answer is YES.
Can you repay a gift that was given for down payment on a home?
Ask the person or company if that is an option.
How do you negotiate a credit card lawsuit if you don't have the cash?
You can make arrangements to set up a payment plan and repay the debt over time. Don't ignore it. It the credit card company takes you to court, they can get a court judgment against you and garnish your wages. (15% of your weekly take home in most states).
What term is used to describe what happened when farmers could not repay there loans?
electric company education
Why might a company repay part of its share capital?
Its cash reserves exceed its requirements for the foreseeable future
