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How do you find out who you owe or what you owe?
Type your answer here... debt collection
What should you do about a debt that was charged off over 10 years ago and removed from your credit report but has now reappeared because it was bought by a new collection agency?
Under the FCRA (fair Credit Reporting Act) If a Creditor or collection agency cannot verify a debt they are not allowed to collect, contact you or report it. Violation of this act is a $1000 fine. There's no way for a collection agency to prove that you owe them money because there is only an assignment of debt and not a contract between you and the creditor. One loophole, if you signed an agreement wording "debtor agrees to be responsible for payment of this debt to creditor or it's assigns" then you will be responsible for paying it. A computer generated printout of debt is not enough for Proof of Debt Owed.
What does it mean if you are in debit?
It means you have money. But if you're in DEBT, you owe money.
What if you owe debt to an estate?
You must pay the estate unless the testator mentioned the debt in the will and provided that it didn't need to be repaid.
What if you owe IRS but have a refund?
If you owe money to the IRS for prior years taxes, and you have a refund due to you on this year's taxes, the IRS will keep the refund and apply it towards the debt that you owe.
Is a spouse responsible for your debts before the marriage?
Absolutely not ! Whether you're single, engaged or married YOU are responsible for your OWN debt ! Even after you get married - your spouse is NOT responsible for debt YOU owe !
What is the law against billing someone for a debt that they do not owe?
You have to prove that you do not owe the debt. If it goes to court. A way to do that would be canceled checks, money order receipt, credit card or bank statement. If this is just an account in collection, the collection agency must prove you owe the debt. Demand, in writing, that evidence be produced showing you clearly owe the debt. If it has reached your credit report or credit file, dispute the listing on your report with the credit bureau. Tell them why you do not owe the debt. Having a document like I recommended above when you would be in court, is helpful when disputing with the credit bureau. Best of luck.
Debt collection in the UK for Dubai bank is this possible after nine years?
In short YES, I am a debt lawyer here in the UK and it will be possible to prove you owe the debt and it can be sold on to a UK debt collection agency.
When a parent dies are children responsible for a debt they still owe to the parent?
They still owe the money to the estate. The executor may offset their inheritance by that amount.
If you business fails and your equipment is reposed and you still owe the bank money does it come from your personal property?
The business' structure determines whether the owner will be personally responsible for the debt. When the owner incorporates, they are no longer responsible for the debt of their business.
If judgment is in husband name is spouse responsible?
No. Not unless the creditor can prove the debt was for items you both used.
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.
How do you find out who you owe or what you owe?
Type your answer here... debt collection
What is a debt?
owe money
If you surrendered a RV can you be held responsible for debt after it is sold?
Yes, you are responsible for the difference in the balance you owed and the amount they sold it for. i.e.: owed 50,000, they sell it for 30,000; you still owe them 20,000.
England's national debt?
who do we owe?????????????
What is short for a debt to be paid?
An IOU, as in I owe you, is short for a debt to be paid
