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What else can I help you with?
Do debt collectors have to send you a written statement validating the debt?
Upon your written request for validation, yes. This is covered under the Fair Debt Collection Practices Act (FDCPA).
Which account is opened for provision for doubtful debts?
Provison for doubtful debts, under liabiliity, will be created by debiting bad debts account.
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.
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
How do debt collectors validate a debt if disputed?
They need to provide the signed agreement copies to you and the proof that they purchased debt. Please check FDCPA guidelines for more details. Go to ftc.gov and you will find a copy of FDCPA there.
Can a collection agency lie about who they are?
No. In fact, they are required by law to notify you of who they are and that they are attempting to collect a debt. This is covered under the Fair Debt Collection Practices Act (FDCPA).
Do debt collectors have to send you a written statement validating the debt?
Upon your written request for validation, yes. This is covered under the Fair Debt Collection Practices Act (FDCPA).
facing Portfolio recovery associates phone harassment?
Portfolio recovery associates phone harassment. Consumer Law Firm Center Many people have fallen prey to unethical debt collectors and ended up paying debts they didn’t owe. This is usually due to the intimidating approach of these debt collectors. Telephone Consumer Protection Act, and also of the FDCPA. A court of law may find they violated your rights under the TCPA, the FDCPA, or both and have them pay statutory damages to you.
Which account is opened for provision for doubtful debts?
Provison for doubtful debts, under liabiliity, will be created by debiting bad debts account.
Does the Fair Debt Collection Practices Act only apply to prejudgment debts?
The FDCPA applies to 3rd party collection agencies. It has little to do with the KIND of debt. It has everything to do with defining the BEHAVIOR of 3rd party collectors.
Is there a time limit on when a debt collector for a credit card can sue you?
Yes, states set there own Statute of Limitations for debts. Credit cards are considered to be open accounts. The SOL only applies to lawsuits not to collection procedures such as phone contact, although third party collectors can be subjected to the "cease and desist" notice under the FDCPA.
Does a perkins loan get forgiven in a bankruptcy?
List all of your loans and debts. They are all covered in your bankruptcy.
Can rifle be covered under insurance?
Yes a RIFLE can be covered under insurance
Does India have FDCPA?
India does not currently have their own FDCPA and some call centers are located in India to avoid the rules associated with it.
Does chrysler have to pay to get code p1004 fixed?
Only if the vehicle is covered under warranty.Only if the vehicle is covered under warranty.
Areas covered under new delhi pin 110008?
Areas covered under new delhi pin 110008 Areas covered under new delhi pin 110008 Areas covered under new delhi pin 110008
What is the right to notify a debt collector in writing to have no further contact with you is covered by the?
The right to notify a debt collector in writing to cease further communication is covered under the Fair Debt Collection Practices Act (FDCPA). This request, commonly known as a cease and desist letter, requires the debt collector to stop contacting you except to inform you that further efforts to collect the debt have ceased or that specific actions may be taken.
