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What else can I help you with?
What allows creditor to reach property of a debtor that is in a third party's hand?
allows a creditor to reach property of a debtor that is in a third party's hands
Is it legal for a creditor to sell your debt?
Yes, it is legal for a creditor to sell your debt to a third party.
Can you be sued in court for non payment of credit cards in New York?
Yes. Even though credit cards are considered unsecured transactions, the account holder can be sued by the original creditor or a third party collector for the debt.
How long can something stay on your credit report after another creditor bought the account?
Seven years begining six months after payment the account ended. Not when it was bought by a third party collector.
What does credit factoring mean?
Credit Factoring is where a business sells its invoices to a third party at a discount. In credit factoring, the third party buying the invoices is called the factor.
Is it legal for debtor to assign debt to a willing third party?
It is not legal for a debtor to assign debt to a willing third party unless the creditor is involved. The creditor must approve the transaction. For example, the sale of an automobile with the statement agreeing that the buyer takes over payments is valid if the creditor agrees.
Where can you get a third party credit check?
You can obtain a third-party credit check from various credit reporting agencies such as Experian, TransUnion, and Equifax. Additionally, online services like Credit Karma and AnnualCreditReport.com offer access to your credit report and scores, often for free or at a low cost. Many financial institutions and lenders also provide credit checks as part of their services. Just ensure that the service you choose is reputable and complies with legal standards.
How can I sign over a check to a third party?
To sign over a check to a third party, you need to endorse the back of the check with your signature and write "Pay to the order of third party's name" below your signature. This allows the third party to deposit or cash the check on your behalf.
Will chase deposit a 21000 third party check?
No they will not. Most likely, a third party check is fraud
Can you sue a creditor for not updateing my credit report after a payment was received?
Creditors update credit reports on their schedule, some update every month, others update every other or every third month. If you are in a hurry, contact the credit bureaus and have them contact the creditor themselves. You can sue a creditor, but you have to try contacting the creditor first (via mail), then file a complaint with the FTC, then contact the credit bureaus. If the account still hasn't been updated, you can go ahead and sue the creditor.
Is pay pal a credit card?
No. It is a third party the insulates your banking and credit card information from the other party in a transaction.
Is the original creditor required to notify you of debt before using a third party collection agency?
Yes, the original creditor should have notified you that you had an outstanding balance. The creditor also notifies you that they will be submitting your debt to a "third party" collection agency. This is usually the final notice before your debt is sold. If you never received a notice, it is not required that the original creditor send you notice, all it is is common curiosity that they do.
