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In Arkansas can a collection agency sue you if the original creditor accepts payment on the debt?
Wiki User
∙ 17y ago
If the debt was sold to a collection agency and the original creditor accepted payment AFTER the debt was sold, the money does not belong to them. If, however, you paid the debt and it was mistakingly sol after that payment, the collection agency can't try to collect. If you have proof of payment, forward it to the collection agency and deman in writing that they cease trying to collect this debt.
Wiki User
∙ 17y ago
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What is it called when a creditor accepts less money than owed?
A settlement.
What dentists in physicians mutual dental ins?
I live in Newport Arkansas and I have had this policy over 7 months paying 79 a month and still haven't received a policy, cards and cannot find anyone who accepts it. Who in northeast Arkansas accepts it?
How to Settle Debts for Less Than What You Owe?
If you have an account with a creditor that is seriously delinquent, the creditor may agree to a debt settlement to pay off the account in full. You may approach the creditor with an offer yourself, or you may work with a professional debt settlement agency. Both methods have advantages and disadvantages that are worth researching ahead of time. If your creditor accepts the settlement, you only have to pay the agreed-upon percentage of the debt.
If a creditor accepts a parcel payment can they report it late the credit agencies?
Yes, it is considered late because you didn't pay the full amount due. Plus, they can add late fees on as well.
Can your wages be garnished if you are paying less than the minimum required amount monthly on medical bills?
It is possible. When a contract is defaulted the lender/creditor may use whatever method is available under the laws of the debtor's state to recover monies owed. Consumer's sometimes believe that if they pay any amount oon the debt and the creditor accepts the payment, other action cannot be taken, this simply is not true. It might be prudent for the debtor to contact the creditor and try to negotiate more affordable repayment terms.
Present s-form for accept?
he/she accepts
What is the plural of accept?
The plural of "accept" is "accepts."
Is the word accepts a verb?
Yes, the word accepts is a verb.
Where is a dermatologist that accepts Medicaid in Buffalo NY?
Dermatologist in western NY that accepts medicaid?
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What is the statute of limitations for a creditor collection in new York?
Probably none. In the US when it is a civil suit by a creditor for debt owed the law requires that only a reasonable attempt to notify the debtor that they are being sued needs to be made. In other words, if the debtor refuses the summmons, the summons is sent to the last known address but the debtor no longer resides there, a person other than the defendant accepts the summons, and so forth; the lawsuit can go forward and a default judgment can be entered against the defendant debtor. Consumers are often confused about statute of limitations for debts and assume that once the deadline has passed a lawsuit will not be filed, that is a misconception. The creditor can still legally file suit and the suit can be heard and a judgment entered if the defendant does not appear and present the expiration of the state's SOL as a defense. The exception is that a debtor must be notified that a judgment has been entered against them, but again that notification in the majority of US states only needs to qualify as a reasonable attempt to contact. The best option would be to consult with an attorney who is qualified in creditor-debtor laws.
If an atom donates or accepts an electron what is it considered?
If an atom donates or accepts an electron it is considered an ion.
