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What else can I help you with?
What is a name for record of money owed?
The simple name is... debt. Anything you owe to another person or business - is debt, until it's been paid in full.
Are you responsible for a debt incurred by your ex-husband on a credit card in your name in Ohio?
The person who is the account holder is responsible for the debt unless it can be proven the debt was fraudulently incurred.
When Cosigner pays lender how can name be cleared with credit bureaus?
When a co-signer has to pay a debt for a person, that person's credit will suffer because they were the initial person the lender wanted the money from. It is possible to ask for proof that the debt was paid and send it to the reporting credit bureau to clear a person's name, but it is not always easy to get this type of debt removed from a credit report.
What information can you gather from a debt collector?
A debt collector can tell you and is required by the FTC to provide you in writing the name of the person or company you owe the money to, the amount of the debt, and what you can do if you think you do not owe the debt. If you need to know more information about debt's you owe,contact the FTC.
Does a person have to declare financial details to a bank in connection with a credit card debt in a partner's name only?
No - the card (and thus any debt) is nothing to do with you - and you are not responsible for it.
Are both parties responsible for debt that's in one parties name?
In North Carolina medical bills are joint debt. Credit card bills are only owed by the individual who's name they are in. Even if another person is an authorized user they are not responsible for the debt.
How does Debt Free Direct help people get out of debt?
Debt Free Direct can help a person get out of debt by analyzing a person's current financial situation and advise them on how to go about resolving their debt. Debt Free Direct has experts ready to recommend how you can eliminate your debt.
How do you write the cover letter of bad debt wirte off approval?
The cover letter for writing off bad debt should state your name, the person's name whom you are forgiving, and the amount of debt. It is important that both parties sign the letter showing their agreement and date the letter.
How do you fight a debt collector when the debt isn't yours but for someone with the same name since there's a debt in your maiden name 10 years old but you haven't used your maiden name for 25 years?
First question: I am not sure, but I think you would have to go to your credit reporting agency in person and dispute this. Have your name and social security number and let them check into it for you. Their findings will be enough to call of the dogs, so to speak and help clear up the matter. As for the second question, a debt is still a debt. No matter which name you use.
What is the average personal debt per person?
The average personal debt per person in the US is around $52,000 per person. While this is high, the debt has fallen since the peak in 2008.
Can a debt collector try to collect a debt from me just because i have the same first name as the person who owes the debt?
nope. I would think a debt collector would base his actions on more than a first name. ie. lastname, middlename, social security number, address, place of employment, relatives, and so on. Tell them that you dispute the debt. They have 30 days to prove the validity of the debt. If they fail to do so, they must cease their efforts.
Can a person forgive a debt to another person legally?
If you are the one whose debt is being forgiven, it would be wise on your part to get a notarized document signed by the person forgiving the debt. This will be a proof in your part if anyone in the forgiver's family decides to collect on the debt.
