Can a 10 year old debt still be collected in South Africa?
Asked in Debt Consolidation
What services does the company known as Debt Busters offer?
Asked in Statutes of Limitations, South Africa
What is the statute barred limit in South Africa for old debt?
Asked in Credit and Debit Cards, Debt Collection
Can a debt incurred in the UK be collected in South Africa you need legal advice as an agency is after you and you are not in a position to pay this debt at the moment Should you contact the agency?
Asked in Law & Legal Issues
When placed with a law firm for legal litigation can they still charge interest?
Asked in Salary and Pay Rates
How much money can you make as a debt collector what percentage of debt collected should I be receiving?
Asked in Credit and Debit Cards, Credit Reports, Credit
If a delinquent account was never reported and it suddenly appears on your credit report 5 or 6 years later are you still responsible for that debt?
A consumer's responsibility for a debt is a separate issue than credit reporting. If you owed a debt 5 or 6 years ago, and never paid it, you still owe it. There is a statute of limitations for how long a debt can be collected, another for how long a consumer can be sued over a debt and another for how long a debt can show on your credit report.
Asked in Authors, Poets, and Playwrights
What has the author Dot Keet written?
How long can after a charged off debt can a credit card debt be collected by another company that has purchased the debt?
Asked in Debt Collection, Bankruptcy Law
If I owe money to a company that is filing bankruptcy and the company is going out of businesswill I still owe the debt?
Asked in Apartments and Home Rentals
Can a debt for breaking a lease still be collected if the apartment was rented out right away?
Asked in Statutes of Limitations
What is the statute of limitations on commercial debt in South Carolina?
How is bad debt treated in the preparation of cash budget?
Why is Africa underdeveloped?
Asked in South Africa
Is South Africa a year behind the US?
I would not say so, having been to the US myself I noticed Mobile phone networks for example were slower to introduce wireless broadband than in South Africa at the time. South Africa faces challenged growing it's economy with unemployment etc, but the United states is sitting on a mountain of growing debt which threatens the standing of the developed world. I believe South Africa is much much smaller, but not anywhere near the troubles that face the US.
Asked in Credit and Debit Cards, Estates
If your sibling owes money to your mom at the time of your moms death does she have to pay it back to the estate.?
That will depend on the will, if there is no will and no signed document then the answer is "no" There MUST BE PROOF that the debt is owed in the first place!!! Your sibling absolutely has to repay the debt to the estate, especially if there is no will. In fact, the only way your sibling can get out of paying the debt is if there IS a will and the will specifically forgives the debt. The debt is an asset of the estate and must be collected by the executor. If your sibling is the executor, she still must pay it back. Frequently, in situations like this, the debt is not actually paid to the estate. The person owing the money simply has his or her inheritance reduced by an appropriate pro rata amount depending on the circumstances. If there is no signed document evidencing the debt, it must still be repaid if the debt can be proved by other means.