Repossession
Credit and Debit Cards
Debt Collection

If a collection agency repossesses something they had no legitimate claim to what legal recourse do you have against the company?

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Wiki User
2015-07-15 19:38:31
2015-07-15 19:38:31

sue them for "conversion".

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it's resource not "recourse". It's something that is in nature and it has an ending. For example, Oil, that resource it's almost ending

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No, C.A'a have no form of legal recourse if the SOL date has passed

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A renewable recourse is something that can be used over and over like water

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you can go to court, ask them to fix it, or do nothing

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There is no time limit placed on their collection efforts to collect a debt. However, there is a SOL for legal recourse and for how long it can report on your credit reports. Reporting time is 7 years and so far as the SOL for legal recourse you would have to check your state laws to see how long.

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Contact a local attorney and have your paperwork ready. If theres a dollar to be made, they will tell you quickly. Dont be surprised if you find out the ORIGINAL lender had to take the loan back when you were in default. Its called 'recourse".

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In California, a second loan can be recourse or non-recourse, depending on if it were originated as a cash out second or a second based on a purchase money loan. The cash out scenario (recourse) lender has the option to foreclose on the property and pay off the first lender. Not often done. If the first lender forecloses then in California the recourse (second) lender (in a cash out transaction of course) can turn that loan into a personal debt or collection.

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Recourse funding is a type of loan for which collateral is placed. The difference between recourse and non-recourse funding is that in recourse funding, if the collateral sells for less than the amount left on the loan, the lender can go after other assets. In non-recourse funding, the lender would have to absorb the loss.

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No it is called re-aging which is federal violation, collection agencies do this to refresh the SOL so they have legal recourse to sue you for the debt.

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i don't think so, unless you did something against the law.

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"Is Georgia a non recourse debt state?" Since Florida is not a recourse state, and Florida adopted its laws from Georgia, Georgia must not be a recourse state.

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no. why would it be a recourse loan

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The duration of The Recourse to the Method is 2.73 hours.

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A place to find recourse is in nonfiction books in the library.

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Florida happens to be a recourse state.

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Kentucky is a recourse state, allowing the lender to seek judgments and damages from the borrower.

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Since he was fired from his job, his only recourse was to go home.

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As of 12/20/2012 Oklahoma is a Recourse State.

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Alabama is a Recourse State. Banks can sue for the difference.

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Yes, Florida is a "recourse" state. For a state to be a recourse state, it simply means a lender can ask you for extra payments even after you have had everything seized.

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No... Illinois is a recourse state.... They can come after you for a deficiency judgment.

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Go to PROFECO which is the institution that's in charge of taking complaints form consumers..

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guard rails are there for a reason to prevent you from damageing something because you can't drive

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If my letter of help doesn't get response, I will still have recourse to a higher authority.


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