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∙ 7y ago
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Does a law firm have to obtain a license to be a debt collector and what agency gives them license?
In most jurisdictions, law firms may take steps to collect debts without any special license. They do have to abide by the debt collection laws for the jurisdiction.
Why was the crop lien systems bad for bankers?
They often could not collect on debts. There were times when the loans were not repaid.
What is collection agents?
Companies that collect debts for other companies. They generally get a set % of what they collect.
Can an estate collect debt?
Yes, in fact it is the obligation of the estate to collect all valid debts owed to the decedent. Debts owed to a decedent are considered assets of the estate. The estate's representative has authority to demand that all debts owed to a decedent be paid to the estate. If the debtor refuses to pay, the estate representative has legal power to sue to collect those debts if it has to do so.
Why was the crop lien system bad for merchants?
. If they could not collect what they were owed, they went out of business.
What debts are covered under fdcpa?
Every and any debt attempted to be collected by a third-party for and in the United States, with additional rules and requirements at State levels which often are the same; this includes companies that buy bad debts if they attempt to collect the debt.
How does the constitution determine which powers are to be held by the states?
The constitution separates the powers between the three branches. Some of the powers for the states include to pay debts of the state, collect taxes, to establish uniform rule, and regulate commerce.
HOW does the constitution determine which power are to be held by the states?
The constitution separates the powers between the three branches. Some of the powers for the states include to pay debts of the state, collect taxes, to establish uniform rule, and regulate commerce.
How does the constitution determined which powers are to be held by the states?
The constitution separates the powers between the three branches. Some of the powers for the states include to pay debts of the state, collect taxes, to establish uniform rule, and regulate commerce.
How does government get the money it needs?
Loans. They then collect taxes to pay back their debts.
What was the crop lien system bad for bankers?
They often could not collect on debts
What best explains why England and France were unable to repay their World War 1 debts to the US?
APEX- They could pay the United States only when they could collect reparations from Germany.
