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Can you pay your debt to the original company if the debt has been passed to a credit company?
No because the original company has 'sold' the debt to the credit company or in other words the credit company has bought the debt account from the original company for less than what you owe. That is why credit companies keep chasing you to pay them.
If credit card debt was sold to another company do you still owe to the original credit card company or the one it was sold to?
If the original debt has been "assigned" to a second organisation then you owe the second organisation (e.g. a debt collection agency that buys defaulted debt ... for about 14p in the pound) If the original debt has not been "assigned" then you owe the original creditor (i.e. the credit card company) It is a question that many credit card companies and the debt collectors they appoint from time to time are very cagey about. Ask them whether or not it has been assigned as you have the right to know this and also ask for a copy of the deed of assignment.
What do you do if merchant has filed for bankruptcy after you have paid for a purchase with a credit card?
Nothing. You bought - and received - a product or service. You charged it, which means the merchant was paid by your credit card company. Your debt is now to the credit card company, and you owe it whether the merchant is in business or not.
Can a credit card company garnish a pay check?
Yes. Any person or organization that you owe a debt to and have not paid that debt can get a court ordered garnishment for any income that you have.
You received a collections notice for a bill you do not owe what do you do?
contact the company that claims you owe them money and ask them to produce proof that a purchase was made by you. If you did purchase the goods and paid for them try and find a proof that payment was made.
What information can you gather from a debt collector?
A debt collector can tell you and is required by the FTC to provide you in writing the name of the person or company you owe the money to, the amount of the debt, and what you can do if you think you do not owe the debt. If you need to know more information about debt's you owe,contact the FTC.
How do you report a debt collection company that is harassing you for a debt you dont owe?
Contact the State Division of Banking in the state the company is located in.
Can you pay your debt to the original company if the debt has been passed to a credit company?
No because the original company has 'sold' the debt to the credit company or in other words the credit company has bought the debt account from the original company for less than what you owe. That is why credit companies keep chasing you to pay them.
How can I get relief from my debt?
Your first step is to contact the company you owe the money too. Many have programs to help relieve debt.
Is it illegal for a debt collector to send you a message on a private Myspace page about the debt you owe to their company?
Its called intimidation and they do whatever they can to get the money. It is illegal, but they do it...
If credit card debt was sold to another company do you still owe to the original credit card company or the one it was sold to?
If the original debt has been "assigned" to a second organisation then you owe the second organisation (e.g. a debt collection agency that buys defaulted debt ... for about 14p in the pound) If the original debt has not been "assigned" then you owe the original creditor (i.e. the credit card company) It is a question that many credit card companies and the debt collectors they appoint from time to time are very cagey about. Ask them whether or not it has been assigned as you have the right to know this and also ask for a copy of the deed of assignment.
What if a Vehicle storage company auctions my vehicle for more than what I owe them?
Your debt is cleared and they will keep the profit
which terms refers to the condition of workers who could never afford to pay what they owe to a company?
Debt peonage
What do you do if merchant has filed for bankruptcy after you have paid for a purchase with a credit card?
Nothing. You bought - and received - a product or service. You charged it, which means the merchant was paid by your credit card company. Your debt is now to the credit card company, and you owe it whether the merchant is in business or not.
Can the debt collection company pursue you for the owed amount now in 2008 if you owed a bill for 70.00 from 1999?
Yes, you can be pursued for a debt from 1999. Once you owe a debt, it is always owed until it is written off by the company or paid by you.
What are the different ways for getting out of debt?
There are a few different ways to get yourself out of debt. You can either call a debt consolation company or you can do it yourself. You just need a list of the companies you owe, and the amounts.
Can the insurance company owe you money if their check is no good?
If the insurance company owed you money and they attempted to pay that debt with a cheque that was not honoured the the debt is still outstanding. They may also be liable to other charges.
