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so you mean: No contract signed? sorry to tell you this, but you cant do anything, unless there is a contract signed. Otherwise people could just walk up to someone and claim that they owe him money or something....
If this person is a friend, just talk to him. IF that person is a friend, he will repay the debt. if its not a friend.... good luck...
What else can I help you with?
Can a person forgive a debt to another person legally?
If you are the one whose debt is being forgiven, it would be wise on your part to get a notarized document signed by the person forgiving the debt. This will be a proof in your part if anyone in the forgiver's family decides to collect on the debt.
How long does a debt collector have to collect on a medical bill in Kentucky?
In KY, the debt statute of limitations (SOL) has provisions for signed contracts and non-signed ones. If you signed that you would pay, the SOL is 4 yrs. If you did not sign, it is 5 years. If they sue you and win a judgment, the SOL for collecting is 15 yrs.
How can you collect debt after bankruptcy?
As a creditor? The debt doesn't exist anymore, so you have nothing to collect (presuming it was in the BK and discharged). You can't collect it and it is illegal to try....if you believe fraud was committed or such in thr BK (like he hid assets that could have been used to pay you), bring it to the Court.
Are back billing statements legal proof or validation for credit card debt in MI?
Validation must include the following: ~Proof that they own the debt legally or have been legally authorized to collect it from you. ~A complete payment history documented from your original creditor. ~A copy of the original loan contract that you signed with your creditor. So no you did not get validation of debt. Send the collection agency a letter telling them that you still dispute the debt because they still have not proved the debt is yours, and unless they can provide valid proof by means of signed contract, then they must remove the debt from your credit report and stop attempting to collect.
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.
Can a debt collector call police to collect a debt?
No.
What may debt collectors do?
can a debt collector come to your house to collect a debt
Are adult beneficiaries responsible for deceased parents debts?
No, you are not responsible for their debt. The only person legally responsible for a debt is the person that signed the contract for the debt. It doesn't matter if your dead parents left you money. Collection agencies cannot legally collect someone else's debt from you - but they will try. See the FDCRA to know your rights in debt collection.
What is the statute of limitations in California for credit card debt Is it true that a Junk Debt Buyer can collect the debt if you don't have a signed contract with them?
7 years from charge off as long as it is not gov't debt which never go away likwe student loans, and trye-debts are sold to other agencies routinely; however they must disclose source of original debt.
What is a viable method use to collect outstanding debt?
A method to collect outstanding debt is to take legal action. If you sue or threaten to sue someone for a debt, they are likely to pay.
Can a doctor collect a debt more than 2 years old?
yes..... a doctor can collect a debt for more than 2 years
What if a creditor is not on your credit report but trying to collect a debt?
You must pay all of your legitimate debts. A creditor is not required to report a debt to a credit bureau in order to collect the debt you owe.
