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Can Client be Creditor

Updated: 9/14/2023
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How soon can a vendor send a client's account to a collection agency?

There is no law that restriction how long a creditor or business must hold a bad debt before forwarding it to a debt collections agency.


What can a creditor say in a phone call?

a creditor can only ask to speak and only give information to the person of whom it has an account with. they may not at any time give out any information not even the company from which they are calling to any other parties not specified by the client. once they have made contact with the client or person of interest they may only try to collect monies for the account however they cannot threaten court or any other legal proceeding without orders from the head of the company.


Is a creditor an asset or liability?

creditor is a liabiliity


You have 50000 can you become a creditor?

Yes! Loan me the 50000 and you will be a creditor.


How does a creditor know where your bank is?

can you keep a creditor from finding your account


When was Vengeful Creditor created?

Vengeful Creditor was created in 1972.


Who is a creditor?

The creditor is the person who provided services, goods, or credit.


Can a creditor seize your tax refund?

If the creditor is a government agency, then yes. If the creditor has not won a court settlement to garnish your wages, then no.


What is the advantage of note receivable to creditor?

Notes receivable offer several advantages to the creditor. It gives the creditor more time to pay as well as including a guarantee to the owner of the creditor.


Make a simple sentence using the word creditor?

I owned a creditor.The creditor called me. A company you owe money to is called a creditor.


What does it mean when a creditor files a motion to release?

The creditor is asking to be excluded from the bankruptcy. If that is granted the debt will be valid and the creditor can resume collection action.


A sentence for creditor?

i was looking for that word too (creditor) & i don't seem to know the answer..