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What else can I help you with?
Can you be sued by a debt collector that bought the debt from original creditor?
If you are in default on an account that a third party/person bought, yes indeed, the new owner can foreclose on you and sue.
If one collection agency buys your debt and charges interest and then sells it to another debt collector can that new debt collector collect on the old interest?
Yes. The new debt collector bought the entire debt, including interest that was added on. You will be responsible for the entire debt.
Can a debt collection company issue a summons for unpaid unsecured debt?
Yes, once a debt collection agency buys your debt from the original creditor they are legally entitled to all of your debt. Therefore, they can take you to court for any unpaid debts, so long as it is the debt they bought from the original creditor and only that debt.
What is the difference between stock market and bond market?
Equity is bought and sold in the stock marketwhile debt is bought and sold in the bond market.
Do you still owe money to banks if they get bought out?
Of course. Your debt is now simply owned by the new bank.
Who owns the American's debt?
The majority of America's debt has been bought up by the Chinese
Can you be sued by a debt collector that bought the debt from original creditor?
If you are in default on an account that a third party/person bought, yes indeed, the new owner can foreclose on you and sue.
Can life insurance be bought to pay a beneficiary a debt?
Yes it can.
Can a debt recovery firm in the USA collect a debt that originated in the United Kingdom if i now live in America?
If they bought the debt, yes....Hey, its America
Why would someone want to buy debt?
There are several reason for a person to want to buy debt from another. The first is that they will then control the debt. The other reason is that the debt can be bought for less than it is worth.
What will happen if your debt was sold to a debt seller then the debt seller sells it back because you can not pay the lump sum they are requesting does it get bought out by another debt collector?
Hello, The debt is sold further to another company at even lesser value.
If one collection agency buys your debt and charges interest and then sells it to another debt collector can that new debt collector collect on the old interest?
Yes. The new debt collector bought the entire debt, including interest that was added on. You will be responsible for the entire debt.
What is the first step a person should take when they wish to find out how to get out of debt?
The first step a person should take to find out how to get out of debt is to find out what debt they have. After they find out what debt they have, they should contact the companies that they owe money to and see if they are willing to settle.
Can a debt collection company issue a summons for unpaid unsecured debt?
Yes, once a debt collection agency buys your debt from the original creditor they are legally entitled to all of your debt. Therefore, they can take you to court for any unpaid debts, so long as it is the debt they bought from the original creditor and only that debt.
What is the difference between stock market and bond market?
Equity is bought and sold in the stock marketwhile debt is bought and sold in the bond market.
If a mortgage company goes bankrupt can the company that bought them out legally collect on your old debt?
Yes.
What is the national debt in Obama's term?
$16,000,000,000. Sixteen Trillion dollars. Mainly because it costs money in order to actually invest in an economy. Obama has failed to chop the debt in half like stated, but succeeded in running the economy upwards, which will eventually pay off the debt. Bush had bought plans we're forced to pay for, and was bought already into nine trillion dollars of debt when Obama came in.
