Can a third party creditor check your credit after ten years?
== == They can check your public credit record every day if they pay the fee for doing so. It is a Public record after all. Nothing you can do about it.
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. Read More
Seven years begining six months after payment the account ended. Not when it was bought by a third party collector. Read More
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. Read More
No they will not. Most likely, a third party check is fraud Read More
A third party check is a check which is signed over to an individual not named on the front of the check as either the maker (entity writing the check) or the payee (to whom the check is payable). The payee signs the check over to another individual, who is the "third party." Read More
To make a check payable to a third party, it must first be signed by the payee. The payee then makes it payable to the third party. Read More
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… Read More
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. Read More
A charge off is an account that the creditor has decided not to collect on. When they are listed as a charge off, that does not mean anything to you except a ding on your credit report. You are still obligated to pay the debt. What usually happens is a third party debt collection agency will make arraingments with the original creditor to come after you. This can be a double dip on your credit… Read More
No. It is a third party the insulates your banking and credit card information from the other party in a transaction. Read More
A third party check is a check is written to one person and that person endorces it and gives it to another person. Read More
If a check is made out to you and you endorse it over to another person is it considered a third party check?
Yes. It would be classified as a third party check and the person who cashes it is at risk. The bank will cash the check if the third party has an account in good standing. However, if the check turns out to be fraudulent the funds will be withdrawn from the accounts of the person who cashed it. Read More
A "second party check" is a check where the payee is depositing or cashing the check. For example, Bob Smith writes a check to his brother John Smith. John Smith is the payee, (second party) who deposits the check into an account in his own name, or cashes the check. If John Smith wants to endorse the check on the back to a different person, that other person would be a third party. The check… Read More
You are being sued in small claims court by a third party debt collector can you contact the original creditor and pay them?
No, the original creditor has sold the debt and is no longer involved in the collection process. Read More
Some creditor services that First Recovery Solutions collection agency offers include Medical Debt Collection, Third Party Debt Collection and NSF Check Collection. You can learn more at the First Recovery Solutions website. Read More
Not from you or your bankruptcy estate. Check and make sure the "third party" didn't purchase the debt from the original creditor. Speak with an attorney about your specific situation. If you can not find an attorney, contact your local Bar association and they will refer you to one. Read More
The general rule is "paid" means the account has been, well, "paid." Closed means the account has been closed or written off by the original creditor. This could mean they gave it up as being uncollectable or they have sent it to a collection agency or sold it to a third party creditor. Read More
How long does a third party collection agency have to collect on a debt after the debt is charged off by the original creditor?
There is no time limit placed on their collection efforts to collect a debt. However, there is a SOL for legal recourse and for how long it can report on your credit reports. Reporting time is 7 years and so far as the SOL for legal recourse you would have to check your state laws to see how long. Read More
If Beneficiary transfer the Letter of Credit to Third party so all the Export Procedure and documenation will be done by third party or beneficiary?
Beneficiary have to do all the documentation. Read More
No. A third party check is a check being negotiated by someone not named on the front of the check, for example if Bob writes a check to Suzy who signs it and gives it to Fred to cash, Fred is the third party since he wasn't named as the payee on the check originally. Read More
Not just bill collectors. Under the federal Fair Debt Collection Act it can be any third party, anybody but he creditor itself, such as the creditors attorney or a bill collector. It would not apply to someone that bought the note, however. That entity would be the same as a creditor. Read More
Winning a lawsuit will have no impact on your ability to file for Chapter 7 bankruptcy. If you are a judgment creditor, the judgment might become an asset of the bankruptcy estate and the bankruptcy trust might choose to sell the judgment or enforce the judgment for the benefit of your creditors.. if someone files bankruptcy on as credit card does that a third party has charged on and the debt is cleared dose the… Read More
Credit card payments can be accepted on websites by either creating a merchant account or using a third party merchant. A merchant account is opened through a bank. The most common third party merchant for credit cards is Paypal. Read More
The third-party would contact the second-party as it was that party that received the goods or services from the third-party. The second-party would have recourse against the original issuer (first-party). Read More
The holder in due course... Read More
Does vcom cash a third party government check Read More
If a Credit card company wrote off the debt and took a tax credit 4 full unpaid debt what legal rights does the credit card have in transferring rights to a collection agency?
Credit card companies win whether you paid or not. They write-off the credit card debt at the end of the year on their taxes, they also hedge their burden for increase risk by having insurance so they recover some of your losses from your default and they can sell their uncollectable debt to a third party (collection agencies). What rights do you have? The Fair Debt Collections Act. Your debt is with the original creditor… Read More
If you are the 'creditor' of judgment and you sign for a third party to collect, then YES, your right to collect is given up. Because once that is signed you just signed over your judgment over to the third party, and it is considered THEIR judgment now. BUT you will still get your money judgment from the third party. Read More
The purpose of third party credit card processing lets one accept online payments without a merchant account of one's own. Instead, the service provides their own merchant account for you to use. Read More
Does the law firm that seeking payment of a debt own the debt that was originally owned by a creditor?
Generally collection law firms or a collection attorney is working for the original creditor or the third party creditor who purchased the debt. It is not possible to say if the firm is working on a percentage basis, contracted or and independent. Read More
Say Jack has a cheque from Bob, and Jack wants to pay walmart with that cheque...that would be a 3rd party check. Essentially it would be a cheque you are using (with the permission of who ever owns the cheque) to pay someone, so the owner of the cheque would be the 3rd party since they are outside of the acutal transaction betwen you and who ever you are paying. Hardly anywhere will accept a… Read More
The original creditor will either attempt to collect the debt using their own collections department or refer the account to an outside collection agency. Generally after 180 days of default the original creditor will "charge off" off the debt, this does not make the debt invalid or uncollectible. Some original creditors will sell the debt to a third party collection agency, some will have their legal counsel initiate a lawsuit to recover monies owed, some… Read More
If a collection agency does not have your social security number can they some how obtain it and link it to that debt and place it on your credit?
If the collection agency is acting as an agent for the original creditor they would have all the necessary information for reporting to the credit bureaus. If the account was sold to a third party (which doesn't happen that often now) the collector can obtain any missing info. needed from the OC including a SS#. Read More
No, you have to cash the check first then u have deposite it properly! Read More
The credit bureaus receive public record information (such as judgements) from a third party service, Lexis Nexis. Read More
Only if that third-party decides to pay you ! If they didn't give you a receipt for the check, and there's no proof the money was actually yours (for example if the check wasn't specifically made payable to you) - then you would have to prove they have your money ! Read More
If a charged off account now has been removed from your credit report can a third party attempt to collect the debt after if has been removed from the credit report?
Yes. You have to check your state's statute of limitations. The time of the state's SOL for collecting on debts and the federal SOL on credit reports may be two totally different time limits. Read More
buyer, seller, and third party facilitating (providing gateway/finds transfer) Read More
Credit cards can be obtained through all major banks. To ensure that the credit card is secure, avoid applying for the credit cards through third-party agencies or online. Read More
No they will not if it is over $300.00 Read More
allows a creditor to reach property of a debtor that is in a third party's hands Read More
If you have two credit cards with about 20000 dollars of debt on them and you can't pay what will the credit card companies going to do to you?
Consumer's sometimes have a misconception about athe collectibility of unsecured debts such as credit cards. Discover is a company that aggressively pursues collection of defaulted accounts. The original creditor(s) can file a lawsuit or can sell the account to a third party who has the same debt collection rights including legal remedies. Regular collection attempts will be tried first, meaning mail and telephone contact. The default of the accounts will also be entered on the… Read More
If you are in default on an account that a third party/person bought, yes indeed, the new owner can foreclose on you and sue. Read More
If a third party purchased your credit card debt and sends a letter asking if you are the debtor should you answer yes and then proceed the discussion with the third party or keep unanswered?
If you are planning on paying the debt then let them know it is you and negotiate to have it removed from your credit report once its paid. If you dont plan on paying the debt then it will stay on your credit report for seven years regardless of whether you answer that letter. Read More
A debt being designated as a "charge off" does not mean the debt is not valid and collectible. Collection of the debt will still be pursued either through an agency contracted by the original creditor or a third party purchaser. The creditor/collector has the option of filing a lawsuit against the debtor to recover monies owed as well as using common collection practices such as telephone and written correspondence. Read More