0
What else can I help you with?
What can I do if someone has reported a false debt to the credit bureaus?
Read the FDCPA these are your rights as a consumer if the debt is indeed false you may be awarded damages under certain consumer protection laws
Can debt collectors collect on a debt after it has be charged off?
Yes, A charge off simply indicates that the debt has been written off the creditor's account as uncollectible. The debt can then be sold to a collection agency for pennies on the dollar. The 'buyer" of the debt will then pursue collection action by whatever means is allowed by the laws of the state where the debtor resides. Such action would be phone calls, letters and in many instances a civil suit for the debt owed.
After 7 years can the creditors still claim you owe?
In general, YES. Depending on your state of residence and the categorization of the debt under that state's law, a debt and/or civil court award regarding such debt may "follow you around" indefinitely (until it is discharged by bankruptcy procedure). Look into the type of legal vehicle for the debt in regards to your state's laws; there may be a statute of limitations for the debt you are concerned about.
What can be done to you if a debt goes into collection?
AnswerFind out who the collection agency is, if you don't know, and pay the debt off immediately. As soon as the debt is payed get it cleared from your credit report.If you debt is business to business, then plays different rules compared to consumer debt, laws and rules applied to debtor and protect also the business that place the account to a commercial collection agency, if you have a lawyer ask him to talk to the collectors if not, talk to them, explain your situation and offer work with them to pay off the debt
How long does a company have to collect a bad debt?
There are not time limits on debt collection. There are however, statute of limitations relating to the filing of lawsuits to recover monies owed. States establish laws as to the time frame and the type of debts that are covered under SOL's.
When is a debt too old to collect?
All US states have statute of limitations laws regarding debts. Such laws are applicable to the type of debt incurred, (promissory notes, unsecured debt, liens, etc.). Please refer to the laws of your state of residency for exact information.
What has the author Catherine Ponder written?
Catherine Ponder has written: 'Catherine Ponder:The Dynamic Laws of Prosperity Series 3' 'The Dynamics Laws of Prosperity' 'The millionaire Joshua, his prosperity secrets for you!' -- subject(s): Religious aspects, Religious aspects of Success, Success 'Dare to prosper' 'Ouvrez votre esprit pour recevoir' 'Prospering Power of Love' -- subject(s): Love, Success, Doctrines, Unity School of Christianity 'Prosperity Secrets of the Ages' 'The dynamic laws of prayer' -- subject(s): Prayer 'Healing Secrets of the Ages' 'Catherine Ponder:The Dynamic Laws of Prosperity Series 2' 'Catherine Ponder : The Dynamic Laws of Prosperity Series 6 :Giving makes you rich (The Dynamic Laws of Prosperity Series)' 'The prospering power of love' -- subject(s): Love, Success 'Pray and grow rich' -- subject(s): Christianity, Prayer, Religious aspects, Religious aspects of Success, Success
If you have a judgment in your name and make a payment after four years does this extend the statute of limitations?
Making a payment on a judgment after four years typically does not reset or extend the statute of limitations on the debt. The statute of limitations is the time limit for legal action to be taken on a debt, and it is usually based on when the debt first became due. Making a payment on an old debt will not usually restart the clock on the statute of limitations. It's important to check the specific laws in your location to be sure.
Why did America not want to be part of Britain?
As America was being settled, the colonists remained under heavy taxation by the Bristish. Colonists wanted to break free from high taxes and oppressive British laws. Colonists wanted to govern themselves, as free citizens able to create their own laws, system of taxation, and develop their own prosperity.
Does law cover commercial collections?
Federal Collection Laws regulate collection laws and practices, for consumer or business debt. Federal Collection Laws are also known as Fair Debt Collection Practices Act (FDCPA)
What states can I speak to a spouse about a debt?
You can speak to anyone in any state about a debt. The only laws concern debt collections hired by companies to collect debts. There are specific laws about time of day, calling a persons employer, and number of calls.
What did Radical Republicans do to make the effort of the 14th amendment stronger?
They passed four more Reconstruction laws.
How do federal 1099c laws apply to the state of Texas statute of limitations?
In Texas, the statute of limitations for collecting debt is typically four years, meaning creditors have four years to file a lawsuit after a debt is due. However, a 1099-C is issued by creditors when they cancel a debt of $600 or more, which can have tax implications for the borrower. While federal law governs the issuance of 1099-C forms, the state statute of limitations still applies to the underlying debt, meaning that even if a 1099-C is issued, the creditor may still be barred from pursuing legal action if the debt is older than four years. Thus, the issuance of a 1099-C does not extend the time frame for debt collection in Texas.
What is the law for credit card debt?
In the US there are several laws governing credit card debt. Some of the more interesting include that it is unsecured debt so that it may be discharged in bankruptcy, that you must be given an interest free payment window for purchases, and that a card holder's liability is capped at $50 USD for a lost card.
Can a debt collect call your employer and speak to your supervisor about the debt?
The laws a debt collection very from place to place. They are not supposed to call your employer. And they should not be discussing your financial situation with them. Unless you get a garnishment, they should not be doing that. You should read the laws for your state and find out what the rules are.
What are the four different types of speed laws for the state of California?
What are the four types of speed laws
Where can you read Alex Rider books for free online?
WikiAnswers respects copyrighting laws and does not support the free downloading or uploading of material that breaks these laws. The only legal location to acquire free e-books is through your local public library.
