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How do you stop an old creditor from refreshing or reselling a bad debt and thereby making it stay on your credit report beyond the legal seven-year limit?
You can issue a cease and desist letter to the respective creditor(s) informing them of your rights and if they continue to press the issue of obtaining information to collect a debt you can take action against that agency or law firm retained by the person trying to collect a debt. Go on sites like Google and type in CEASE and DESIST letters and you can cut and paste some to a word document and word it to your situation and send it to the creditor and trust me it works the calls and correspondence letters will stop altogether because you're informing them that you don't want to work with a collection agency or someone retained to pursuit collection of a debt. You're telling them that you will settle the debt when you are able to.
What else can I help you with?
If you owe a small amount on your mortgage and just received notice of suit from an old credit card debt can the creditor force the sale of your home or only place a judgment lien on it?
Forced sale of a homestead is legally possible in the majority of the states, but is seldom allowed by the court. However, the more equity the debtor holds, the less likely the state's homestead exemption will protect the property, thereby leaving the home in jeopardy. There are many factors that determine if a home can be subject to forced sale for creditor debt and said factors differ in each state. The debtor should use caution in communicating with the creditor and the best option is to have no communication without having received legal advice from an attorney knowledgeable in the state of residency's creditor debtor laws. One option to explore is if the state's SOL has expired if it has then a creditor lawsuit could be defended and defeated on those grounds.
If a credit card debt is only yours and it is not paid can they take your husband's property or property in both of your names in Ohio?
Real property would not be subject to attachment as Ohio is not a community property state and therefore only the spouse who incurred the debt is responsible for the debt. However, it is possible in some cases for a lien to be placed against the debtor spouse's share of a homestead as Ohio law allows for the "equitable division of property". Joint bank accounts can be subject to levy thereby requiring the non-debtor spouse to prove the amount of funds belonging to him or her to insure they are protected from creditor attachment. Any property held solely in the name of the non-debtor spouse cannot be seized by creditor(s). All debtors are allowed personal and property exemptions established by state law which prevents creditor attachment. The exemptions allowed under bankruptcy law are the same that are allowed in regards to a creditor judgment.
Can you take out a home equity line of credit with a cosigner?
Yes, as long as the co-signer is fully informed that if you stop paying the loan they will be fully responsible for paying it and thereby, paying for property they do not own.Yes, as long as the co-signer is fully informed that if youstop paying the loan they will be fully responsible for paying it and thereby, paying for property they do not own.Yes, as long as the co-signer is fully informed that if youstop paying the loan they will be fully responsible for paying it and thereby, paying for property they do not own.Yes, as long as the co-signer is fully informed that if youstop paying the loan they will be fully responsible for paying it and thereby, paying for property they do not own.
What can happen if you do not pay off credit cards?
The original creditor will either attempt to collect the debt using their own collections department or refer the account to an outside collection agency. Generally after 180 days of default the original creditor will "charge off" off the debt, this does not make the debt invalid or uncollectible. Some original creditors will sell the debt to a third party collection agency, some will have their legal counsel initiate a lawsuit to recover monies owed, some will cancel the debt. A third party collector also has the option of pursuing a lawsuit against the debtor as well as using regular collection procedures. In addition the default will be entered on the debtor's credit report and will remain for seven years, thereby doing serious damage to the consumer's ability to obtain future credit.
What are export incentives?
Export incentives are financial assistance offered by the government of the exporting country to encourage exporters to export more, thereby bringing in more forex for the country.
If you have a judgment against you in Pennsylvania can you lose your house?
The forced sale of a primary residence is possible by a judgment creditor. However, this seldom happens as the procedure is lengthy and costly, generally the judgment creditor will place a lien on the property thereby encumbering it so that it cannot be refinanced, have the title transferred or sold until the lien is satisfied. Whether or not a valid lien is possible and/or a forced sale of the property is viable depends largely on how the property is titled.
If you owe a small amount on your mortgage and just received notice of suit from an old credit card debt can the creditor force the sale of your home or only place a judgment lien on it?
Forced sale of a homestead is legally possible in the majority of the states, but is seldom allowed by the court. However, the more equity the debtor holds, the less likely the state's homestead exemption will protect the property, thereby leaving the home in jeopardy. There are many factors that determine if a home can be subject to forced sale for creditor debt and said factors differ in each state. The debtor should use caution in communicating with the creditor and the best option is to have no communication without having received legal advice from an attorney knowledgeable in the state of residency's creditor debtor laws. One option to explore is if the state's SOL has expired if it has then a creditor lawsuit could be defended and defeated on those grounds.
How do you punctuate using the word thereby?
The word "thereby" is usually set off by commas when it is used in the middle of a sentence. For example, "He studied hard, thereby improving his grades." If "thereby" is used at the beginning of a sentence, it is typically followed by a comma. For example, "Thereby, he improved his grades significantly."
If sued by a loan company will your wages be garnished and can you still pay it off?
Wage garnishment is the primary choice of most creditors, followed by bank account levy, attachment and sale on non-exempt property belonging to the debtor and liens against real property owned by the debtor. It's often possible to negotiate a settlement with a creditor, thereby avoiding a lawsuit. In some cases a judge will ask the creditor and debtor to meet with or w/o a mediator in an attempt to resolve the problem.
How do you spell thereby?
t-h-e-r-e-b-y = thereby
What does thereby mean?
thereby is used to state or introduce the result of a situation mentioned beforehand example- regular workout strengthens the heart, thereby reducing the risk of heart attack
Can a lawyer issue a garnishment to your employer without you being notified and in Mississippi can they garnish you twice for the same debt?
The garnishee is not notified by the judgment creditor or the court, but the wage garnishment will not begin until 30 days after the writ has been served on the employer; therefore the employer usually notifies the employee that garnishment action is pending. A wage garnishment will remain valid until the total judgment amount is paid in full. Wage deduction for child support is not considered garnishment, thereby allowing a support deduction and a creditor garnishment to be concurrently executed.
What is a sentence using the word thereby?
I can give you several sentences.He closed the barn door, thereby keeping the horse inside.The Allosaurus stepped into the tar, thereby becoming trapped along with the Stegosaurus.He waved at us across the street, thereby attracting the attention of the news reporter and his cameraman.
What is called a discount given to encourage prompt payment?
Cash Discount: Reduction in price given by the creditor to the debtor is known as cash discount. This discount is intended to speed payment and thereby provide liquidity to the firm. They are sometimes used as a promotional device. we also explain that discount is relaxation in price. http://en.wikipedia.org/wiki/Discounts_and_allowances#Trade_discount
Why are eclipsing binary systems important?
It is easy (with the right equipment ) to measure the periodicity of the eclipsing system and thereby the rotational speeds and thereby the relative masses and thereby (with the brightness) the distance and all sorts of other things.
If a credit card debt is only yours and it is not paid can they take your husband's property or property in both of your names in Ohio?
Real property would not be subject to attachment as Ohio is not a community property state and therefore only the spouse who incurred the debt is responsible for the debt. However, it is possible in some cases for a lien to be placed against the debtor spouse's share of a homestead as Ohio law allows for the "equitable division of property". Joint bank accounts can be subject to levy thereby requiring the non-debtor spouse to prove the amount of funds belonging to him or her to insure they are protected from creditor attachment. Any property held solely in the name of the non-debtor spouse cannot be seized by creditor(s). All debtors are allowed personal and property exemptions established by state law which prevents creditor attachment. The exemptions allowed under bankruptcy law are the same that are allowed in regards to a creditor judgment.
Do sunspots have any affect on the warming of your planet?
yes, it controls some of the radiation, thereby controling evaporation, and thereby controlling precipitation
