== == 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.
allows a creditor to reach property of a debtor that is in a third party's hands
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.
Seven years begining six months after payment the account ended. Not when it was bought by a third party collector.
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.
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.
No they will not. Most likely, a third party check is fraud
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."
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.
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.
No. It is a third party the insulates your banking and credit card information from the other party in a transaction.
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.
Yes, third-party checks are legal. A third-party check is a check where the original payee endorses the check over to another person or entity by signing the back of the check. However, some banks may have restrictions or policies regarding accepting or cashing third-party checks.