answersLogoWhite

0

What can you sue a creditor for?

User Avatar

Wiki User

โˆ™ 2005-04-11 21:19:32

Best Answer

It's not simple but it is possible, assuming that there is substantiating evidence. Some of the reasons a creditor can be sued are, fraud, breach of contract, antitrust violations, bait and switch, infliction of emotional distress (extremely hard to validate), and so forth. The type of lawsuit that all creditors dread is a class action lawsuit.

User Avatar

Wiki User

โˆ™ 2005-04-11 21:19:32
This answer is:
User Avatar
Study guides

The law is derived from three main sources what are they

If there is an erroneous payment then

These funds last 5 years have limited use and cannot pay for new obligations

How do you know which transactions are awaiting your approval

โžก๏ธ
See all cards
3.81
โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…
26 Reviews

Add your answer:

Earn +20 pts
Q: What can you sue a creditor for?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Can creditor sue you if you live in another state?

Yes


Can a collection agency sue you?

If a collection agency has either purchased the debt from the original creditor, or obtained an assignment of it from the original creditor (to collect on its behalf), generally, it can sue for collection.


How long after a repossession can a creditor sue you?

A creditor can try to collect forever but it's usually not worth the cost of involving the courts.


Can you sue a creditor for not updateing my credit report after a payment was received?

Creditors update credit reports on their schedule, some update every month, others update every other or every third month. If you are in a hurry, contact the credit bureaus and have them contact the creditor themselves. You can sue a creditor, but you have to try contacting the creditor first (via mail), then file a complaint with the FTC, then contact the credit bureaus. If the account still hasn't been updated, you can go ahead and sue the creditor.


What is the statute of limitations for a creditor to sue for a dept in the state of Florida?

4 years


Can you be sued by the original creditor if the debt is now owned by a debt buyer?

No they can not sue you.


Can a junk debt collection lawyer sue using original creditor as plaintiff?

no


If you choose to stop paying a creditor what is the liklyhood they will sue?

Somewhere between 99.9999% and 100%


Can you sue a creditor for taking money out of your account without your consent?

You can't if you owe the creditors


Can a tenant sue a landlord who is in bankruptcy?

Yes, if the tenant is not included in the Bankruptcy creditor list


How long after a charge off can a creditor sue?

Charging off the debt has not impact on the creditor's ability to sue. Charging off is simply a write-off for tax purposes. A creditor can sue any time prior to the expiration of the statute of limitation regarding of whether or not the debt has been charged off. The applicable time deadline will vary from state to state and depending on the type of debt.


Can a lien for an unsecured loan be filed against a law suit?

A creditor can sue in court to obtain a lien against a debtor for an unsecured loan. If successful in the lawsuit, the creditor can request a judgment lien that can be used to take the debtor's property to pay the amount due.A creditor can sue in court to obtain a lien against a debtor for an unsecured loan. If successful in the lawsuit, the creditor can request a judgment lien that can be used to take the debtor's property to pay the amount due.A creditor can sue in court to obtain a lien against a debtor for an unsecured loan. If successful in the lawsuit, the creditor can request a judgment lien that can be used to take the debtor's property to pay the amount due.A creditor can sue in court to obtain a lien against a debtor for an unsecured loan. If successful in the lawsuit, the creditor can request a judgment lien that can be used to take the debtor's property to pay the amount due.

People also asked