0
How likely are you to get collection agencies to lower the amount of your depts?
Wiki User
∙ 11y ago
It depends. If the debt is newer and you owe a lot of money, then the creditor or collection company can sue you for the debt and place a judgement on your credit report. This could end up with your wages being garnished or your bank account being levied. Sometimes, you can negotiate a lower settlement on a newer account by writing a goodwill letter to your creditor, explaining your difficult times and why you could not make the full payment.
If the debt is older, and the statute of limitations in your state has passed (which means that the creditor/collection company can no longer sue you), then you have leverage to negotiate a lower settlement. You also have more leverage if the account will soon be falling off your credit report (most accounts will be removed after 7 years).
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
how many cash flows are there in east orange?
The cash flow notes are depts. There are many depts. You can set up as a collection agency to buy depts to collect on.
Can collection agencies pursue you for debts incurred after you have filed a bankruptcy?
NO NOT IF THE DEBTS ARE IN THE BANKRUPTCY. If they are included in the bankruptcy, give them your case info/ lawyer's name. After that they can be fined if they continue to call. If the depts are incurred after the bankruptcy then yes they can.
Who is the Minister in Charge of Auditing Government Depts. for Chad?
Mahamat Bechir Okormi is the Minister in Charge of Auditing Government Depts. for Chad.
Is a beneificary responsible for the decease depts?
Generally not.
Do all your depts go away after five years?
no
What is the definition of depts?
That is short for 'departments' as in a large store or a company.
What are the debts that the federal government was going to assume?
the depts ovf china
What did Solon bring to Athens?
He got rid of all the depts in Athens
Give the three accounting elements?
assets - are property of right or property owned by the business liabilities - are financial obligation or depts of the business, in favor of persons other than the owner or owners capitals - represent the equity of the business after the amount of depts to to outsiders are deducted,capital is also as "net worth "owners equity" "proprietorship" or "equity"
What does Dept Help UK give information on?
Dept Help Uk gives consumers information on how they can get help if they are unable to pay their depts. They will tell you what kind of depts you can get help with, what paperwork you need and who can actually get help.
Why did parliament raise taxes on the colonies after the French Indian war?
To pay war depts
Why did many Southerners oppose Hamilton's plan to settle state depts?
because they already did
