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Can a creditor garnish your wages or file suit for an old debt if you have been making payments as often as possible?
Yes, if the original terms of agreement were not followed, a creditor could file a suit, win, receive a judgment and enforce the judgment in the form of wage garnishment. Even if the debt is "old" the SOL would more than likely not apply in this instance. Whenever a payment or in some states even an agreeement or inquiry is made on an account, the SOL restarts.
What else can I help you with?
Can a creditor repossess property if you are making payments?
no they cannot
Can a creditor keep harasing you if you are making payments on time?
can they? yes. Should they? No. Will they?.....probably. Can you sue them for it?.....if you have the money for it, maybe
Can a collection agency report you to the credit bureau if you are making monthly payments on your medical bill?
If the debt was properly assigned by the original creditor, yes. If you are making payments to the Original creditor than ask them to pull it back from there Collection agency, then dispute with the CRA's and when they update it should delete
Can someone garnish a cosigner for a car and garnish the primary also?
In the State of Texas, the answer would be "YES" as both parties signed for the car loan and both are responsible for the balance due. I was the primary signor but the cosigner had the car and was making the payments. Then she stopped making payments after owning the car for 3 years and the car was repossessed.
Can a creditor in Arizona report you as a charge off when you are still making payments on the vehicle?
Only if they actually took the charge off.
What can you do about an affirmed debt that is behind?
Call the creditor and try to work something out, until you can start making regular payments again.
Can a creditor place a lien on your property if you and he have agreed to a monthly payment schedule and you are making the payments?
Yes, if you have agreed that the house will be used for collateral.
Can your truck be repossessed if you are using it for income?
Yes, your truck can be repossessed even if you are using it to earn an income, however, you can tell your creditor that you are earning money with your truck, and that if the creditor does not repossess the truck you will use that income to make payments on your loan. Of course, if you are not making payments, and spending all of your income on other things, then the creditor has no motive to let you keep the truck.
Can furniture be repossessed if payment has not been made in 6 months but you start back making payments?
Yes, furniture can be repossessed if you start making payments again after 6 months, especially if the missed payments are not caught up. The creditor can refuse the payment if court proceedings are already in progress.
Is it possible for me to sell a car that I am currently making payments on?
Yes, it is possible to sell a car that you are currently making payments on, but you will need to pay off the remaining balance of the loan before transferring ownership to the buyer.
Is it possible to sell a car that you are currently making payments on?
Yes, it is possible to sell a car that you are still making payments on, but you will need to pay off the remaining balance of the loan before transferring ownership to the new buyer.
What does it mean if the original creditor recalls your account from the debt collection agency?
Same thing happened to me..... what does this mean? I have not heard anything back from original creditor and was making timely montly payments to collection agency... I am confused and a little scared
