can an old 17 year debt be collected
A bad debt can be collected on indefinitely. The debt is owed until it is paid or written off by the creditor or individual.
Depends on which USA state where you live - Check Debt with Statute of Limitations; and http://www.bcsalliance.com/y_debt_sol.html
yes the debt does not go away, the bank simply sold the debt to an outside collection agency.
No, not in the sense that a person can be legally pursued or have credit denied due to the credit history in another country. However, if the person has had credit problems with a bank that has locations in another country, they can be denied banking privileges at that institution, which may create other problems
Then the original country is in the debt of the other country.
Subordinated debt is a debt that ranks lower than bank deposits. From this point of view subordinated debt can't be deposits
60billion is the debt of philippines in the world bank.
The average salary of a debt collector is 28,000 dollars. The percentage given as a commission varies from 3 to 5% of the debt being collected. In some companies, it is even a larger percentage.
It is possible.
bank and money is debt
Bank + Money = Debt
In most states it is 10 years and can be renewed for another 10.You need to check the SOL in your state.
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.
In banking, inward clearing refers to a check received by a bank from another bank. Essentially, it is a transaction between two banks to pay fees, loans or other debt. It can also be for the purchase of equipment from one bank to another.
Recall of a debt by a creditor is when the original creditor asks for the debt to be returned to them after they have sold it, often to a collection agency. This may occur if the debt has not been collected for a certain amount of time, and the debt will be sold to another agency to collect, or if the debtor offers the original creditor a settlement.
Debt is often a nasty four letter word for the people that are facing it. The causes of external debt can include war, rebuilding efforts, and any other reason that a country would need to borrow money from another country.
yes so dont do it
Yes, in many states a bank can sell your overdraft debt to a collector if they never notified you about the debt and your address never changed.
No, it does not. Bank of America is a bank in the business of making money, not helping you save your own. You best option would be to find a reputable debt relief company or an accountant.
No not to the closed banks, however the debt is an "asset" it does not "die" with the bank, it moves to another business (which may have purchased the assets of the bankrupt bank). The debts would have to be paid to the new owner of the debt.
my suggestion is that is a situation where bank grant load or lend money to people, company even another bank knowing that they can not re-pay the debt thank you Eric
Yes. A joint bank account is an equal property of all the parties involved in the joint account. So if one of the parties who jointly hold an account owes a debt to the bank, the bank can lay claim to the cash he/she has in an account they jointly hold with another person.
There are several companies that offer a business debt loan. Some of these include: The Working Bank, RBC Royal Bank, My Debt Solution, and Quarterspot
Yes - absolutely a debt can be passed from one debt collection agency to another.