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How do you collect a bad debt in Georgia if the debtor is in Mississippi?
Wiki User
∙ 12y ago
You can have a collection agency do the work for you. If you are interested please contactceleste.cantres@datamax.com. I work for a debt collecting agecny called Interstate Credit Collections. We will be able to assist you.
Wiki User
∙ 12y ago
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What is your business?
When a customer's loan or bill goes into default the company that lent the debtor the money will try to collect the debt. Most debt collectors are from the actual lender or are contractors that have purchased the debt and will try to collect the money from the debtor with interest.
How can a business collect debt?
A business can collect debt by getting a collection agency to collect the debt. A business could also take it up in court or by putting a lien on the debtor's property.
In Arkansas how long can a debtor continue to collect on an old debt?
There are no time limits for how long debt collection can be pursued. Every US state does have a statute of limitations that designates the length of time a creditor has to file a lawsuit against the debtor. The SOL will differ depending upon the state in which the debtor lives or the debt was made and the type of debt.
When is bad debt expense debited for uncollectible accounts?
when there is certainty that the amount is no longer recoverable, despite all efforts to collect it. Generally when a debtor become bankrupt or die. or the cost of pursuing the debtor to pay the debt is more then debt it self
what is meditcredit?
Medicredit is a collection agency. The company attempts to collect a debt from a debtor. Medicredit also does financing for medical practices.
Does a debt collection agency have to go to court to collect?
Not necessarily. A debt collection agency can attempt to collect a debt through various means such as phone calls, letters, and negotiation. However, if the debtor disputes the debt or refuses to pay, the agency may choose to take legal action and go to court to enforce the debt.
Can your wages be garnished for hospital bills from 1983?
If the debtor has made no attempt to collect such bills in the three years, the courts do not recognize it as a debt.
What colony had a lot of debtors?
Georgia. It was founded by James Oglethorpe for those who were in debt in England because the debtor prisons were over crowded.
What is the Statute of Limitation period for a credit card debt in Ontario?
For a written agreement; which involves a credit card debt is 4 yours from the date of last activity or last payment. Once this expires, the debtor can no longer collect on this debt, or sue you for this debt.
Can an agency collect a debt from someone who was not notified of the debt by the original debtor who is no longer in business and can't be contacted?
Probably. It is likely the debt was bought by the agency from the original creditor. The debtor can request in writing a confirmation of the debt, meaning who it is owed to, and the amount, fees, etc that pertain. Collection agencies often buy accounts from business that close down for whatever purpose.
What happens if a creditor receives a cease and desist letter from a debtor?
Then the creditor must cease any attempt to collect the debt. It means the creditor is not allowed to call debtor, or send the bill to debtor's address or to make any further attempts. If the creditor still call the debtor, the debtor may complain and initiate a lawsuit. But usually the creditor will take the debt to court when a debtor serve him with cease and desist letter. It could be as soon as 3 months up to a year.
Can a creditor that has charged off a debt continue to collect and put a lien on real property?
Yes, if the creditor sues the debtor and is awarded a judgment, the judgment can be executed as a lien against real property owned by the debtor. A "charge off" does not mean a debt is not valid nor subject to collection.
