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by being a pig and buying 2 much
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How long can after a charged off debt can a credit card debt be collected by another company that has purchased the debt?
Depends on which USA state where you live - Check Debt with Statute of Limitations; and http://www.bcsalliance.com/y_debt_sol.html
Can a company that purchased your charged off account from the original lender file a suit against you?
YES, they purchased a debt contract. The original creditor does not forgive / eliminate a debt by selling it to a collector -- they simply gave-up on collecting a worthwhile settlement from you.
Can a husband file for bankruptcy without his wife My husband is forclosing on a home he purchased before were married. Can the bank go after the wife for this debt even though she it not her debt?
It depends on your state. You should definitely get a lawyer!
Can you be sued in nc for bad credit card debt?
Sure you can be sued. Any debt collector may sue you for amounts owed under a debt they have purchased from your original creditor. They can pursue a judgment, which is a court order to repay the debt. You may wish to check with a licensed attorney, since North Carolina has some restrictions on garnishments that other states may allow.
What is the average personal debt asset ratio of individuals?
When people are young and have just purchased a house a personal debt asset ratio of 80% or more is common. For middle-aged people and older a ratio of 50% or less is desirable.
Can a debt collector sue for debt purchased below dollar value from original creditor in Texas?
If the debt was a secured debt, yes...if it was unsecured, doubtful they will do this unless it's a large sum of money.
How long can after a charged off debt can a credit card debt be collected by another company that has purchased the debt?
Depends on which USA state where you live - Check Debt with Statute of Limitations; and http://www.bcsalliance.com/y_debt_sol.html
How can you find out if collection lawyer purchased your debt?
You usually will be served a collection notice from that lawyer.
When companies are purchased through a leveraged buyout?
The debt burden is typically very large
Can a company that purchased your charged off account from the original lender file a suit against you?
YES, they purchased a debt contract. The original creditor does not forgive / eliminate a debt by selling it to a collector -- they simply gave-up on collecting a worthwhile settlement from you.
How do debt collectors validate a debt if disputed?
They need to provide the signed agreement copies to you and the proof that they purchased debt. Please check FDCPA guidelines for more details. Go to ftc.gov and you will find a copy of FDCPA there.
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.
Is the money owed for the trade deficit with China a separate amount from US debt purchased by china?
yess
Do most laptops come equipped with the debt calculator?
The standard laptop does not come equipped with a debt calculator or debt calculation tool, however, these tools can easily be downloaded from the internet or outright purchased from a number of different vendors, like Intuit.
How does one get a release of liability?
One gets a release liability when property is newly purchased by someone. When the property is purchased the release liability ensures that the owner of the property will pay of debt.
Can a collection agency who says they are with a law office sue you if they purchased your debt three years ago from the original creditor in Arizona?
Yes, a collection agency that has purchased your debt can sue you for the outstanding balance, even if it has been three years since they acquired the debt. However, the statute of limitations for debt collection in Arizona is 6 years, so they have up to 6 years to take legal action against you. It is important to seek legal advice and understand your rights in this situation.
After a Chapter 7 bankruptcy can a previous lender attach a lien to a new property purchased?
Not if the debt was officially discharged in the bankruptcy.
