0
What else can I help you with?
What are the benefits of using personal collection agencies for managing outstanding debts?
Using personal collection agencies for managing outstanding debts can provide benefits such as increased chances of debt recovery, reduced workload for the creditor, and professional handling of debt collection processes.
If there is no estate of deceased family member who is responsible for debt?
Generally, the estate is responsible for paying the debts of the decedent when the debts are in the sole name of the decedent. If there are no assets then the creditors are out of luck.
What happens to the decedent's debts if there is no money only the home?
Generally, the home must be sold to pay the creditors. If the heirs want to keep the home then they must pay off the creditors.
How can I effectively get rid of collection agencies?
To effectively get rid of collection agencies, you can start by paying off your debts or negotiating a payment plan with them. You can also request validation of the debt and dispute any inaccuracies. Additionally, you can seek help from a credit counseling agency or a consumer protection attorney for guidance on dealing with collection agencies.
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.
If someone were receiving phone calls from a company called Commercial Collection Agency what might they calling for?
Collection agencies are companies that work on behalf of creditors to collect debts or obligations from their holders. Receiving a call from one could indicate unrepaid credit.
What are the benefits of using personal collection agencies for managing outstanding debts?
Using personal collection agencies for managing outstanding debts can provide benefits such as increased chances of debt recovery, reduced workload for the creditor, and professional handling of debt collection processes.
What are the duties of collection lawyers?
The duties of a collection lawyer is to collect debts, fees and payments from clients of their company. Collection lawyers represent banks, the government and other creditors.
What happens to unsecured debts when a chapter 13 bankruptcy is dismissed?
The debts are still valid and creditors can continue with collection procedures including, in most cases, a lawsuit.
What are Arizona's laws concerning original creditors collection agencies third party collectors lawsuits bankruptcy and SOL?
Wow! I am afraid that would take a considerable length of time to impart all that info. In general original creditors do not have to follow the FDCPA when pursuing collections (but they usually do).All other collection agencies do have to adhere to the FDCPA. Only attorneys can initiate lawsuits. Federal BK statutes apply in Arizona, but there are state exemptions which can also be used (simplified explanation). The SOL is 3 years on credit card debt. You may want to consult www.azleg.state.az.us for more info. Or email me if I can be of any further help.
Capital One is trying to collect debts from 2001 up now can they do?
Most debts have a statue of limitations of 7 to 10 years. Collection agencies and creditors have ways around these SOL though by selling your accounts and reaging them. You can always try to fight this, but that would mean going to court and costing money.
What companies can be considered debt collection companies?
Debt collection companies are usually companies that specializes in pursuing the collection of debts owed by individuals or businesses. They operate as agents of creditors and collect debts for a fee or a percentage of the total amount that is owed by such individuals/companies.
How do collection agencies operate?
Collection agencies operate by purchasing or receiving delinquent debts from creditors, such as banks or service providers, for a fraction of the owed amount. They then attempt to recover the full debt from the borrower through various means, including phone calls, letters, and sometimes legal action. Agencies typically earn a commission or a percentage of the amount collected. They must adhere to legal regulations, like the Fair Debt Collection Practices Act in the U.S., which governs their collection practices to protect consumers from harassment.
A collection agency can?
A collection agency can pursue the recovery of unpaid debts on behalf of creditors, utilizing various methods such as phone calls, letters, and credit reporting. They may also negotiate payment plans or settlements with debtors. Collection agencies operate under specific regulations to ensure compliance with laws like the Fair Debt Collection Practices Act (FDCPA) in the U.S., which protects consumers from abusive practices. Ultimately, their goal is to help creditors recover funds while maintaining ethical standards in their collection efforts.
How should you pay off your old debts?
If these debts are ones you have left for some time and creditors are now looking for payment put together a proposal on how you intend to make your contribution to these debts in writing and send this to your creditor or collection agent
Are kids responsible for mothers bills if she has no estate?
Generally, mother's estate is responsible for her debts. If there is no estate her creditors are out of luck.
If you die without any estate do your debts die with you?
Generally, yes. If the decedent left no assets their creditors are out of luck.
