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First, collection agencies do not typically buy debts. They recover them under contract for the original creditor. Second, regardless of your ability or lack of to pay, the debt is still owed. By law, the creditor need not accept anything less than the amount owed or balance in full. Third, keep all records of payments made to all creditors including mortgage and utilities and basic living needs, plus all income received, and when you receive the service to appear in court, show up and present this all to the judge. He will not likely forgive the debt, but he will order payment arrangements based on what you bring, especially if you have in writing any refusal to accept payments, and this will reflect poorly on the original creditor.
What else can I help you with?
If your furniture got repossessed can you get it back?
Yes, if you can pay off the debt fairly soon (Statute of Limitations on holding personal items) and also any costs added to this. Marcy Furniture or other household goods that are bought on a merchant account (not a major credit card) are considered secured property until they are paid for in full. It may be possible to recover the items if a reaffirmation agreement can be made with the creditor, which more than likely means the account being brought up to date and all applicable fees paid.
How do you sue for a non-sufficient funds check?
You can contract a collection agency to recover it, or you can take it to the prosecutor's office and file criminal charges against the person who wrote it. Your best bet it to take it to collections. If criminal charges are brought, it is not likely you will recover anything. Prison does not pay much.
Mortgage goes into foreclosure and owing money will you lose your home because of the charge off?
Yes, the charge off designation indicates the mortgage agreement is in default. It is quite possible the lender will proceed with foreclosure action unless the loan can be reaffirmed and the missed payments and penalties brought up to date.
Can a payday loan company press criminal charges against you if you did not close your bank account?
No, only a prosecutor of the court may bring a criminal case against anyone. Criminal charges are brought as a result of illegal behavior, not defaulting on a loan. If the default, however, is subsequently believed to be related to fraud, criminal charges may be brought by a prosecutor. A payday loan company will use EFT to debit your bank account for the amount that is owed on the loan. When they cannot debit the account, they will try multiple times over subsequent days, then they will begin collection processes.
Credit balance brought down on the cash column of a firm a cash book what does it means?
the term balance brought down is an amount entered at the end of a period to balance income and expenditure,which the total of this balance would be the balance brought forward at the start of the next statement of transactions
How do you represent yourself in court when the credit card company has sold the debt to a collection company?
There is no difference between defending a lawsuit brought by the original creditor versus one by a collection agency. The only valid defense for a creditor suit is that the debt is not valid. The inability of the debtor to pay what is owed, such as the loss of employment, illness, etc. is not considered a valid legal defense. The debtor should be knowledgeable on what personal and real property they are allowed to exempt under the laws of their state of residency. The preferred method of execution of a creditor judgment is wage garnishment or bank account levy.
What agreement brought caricom into being?
Declaration of independence
Which agreement brought caricom into the exitance?
treaty of chaguramus in 1973
What agreement brought Germany and japan and Italy together?
The Tripartite Pact .
What is a bank reconsiliation?
It is the document created to show how the two balances were brought into agreement.
What is the answer to an agreement that double the size of the US with land brought from the French?
Louisiana purchase
Can the Lien holder repo a truck if there have been payments made by the driver within the last 96 days?
When even one payment is missed the agreement is considered in default, and the lender has the legal right to take whatever action they deem necessary to secure their financial interest in the property. Unless all missed payments and applicable fees are brought current and the creditor agrees to allow the borrower to continue with the agreement, the vehicle can be repossessed.
A shift in personal pronouns from singular to plural is acceptable as long as it happens in the same sentence?
A shift in personal pronoun from singular to plural is acceptable if the word that the pronoun replaces shifts from singular to plural; if 'I' becomes 'we' or if 'he' becomes 'they'. For example:I like lemon pie, but we can get the chocolate if you prefer.He brought the salad, she brought the cornbread; they all brought something.
How would you use the word conclusion in a sentence?
We settled out differences and brought the matter to a mutually acceptable conclusion.
John Quincy Adams brought light to the dark issue of slavery?
No, in his time slavery was an acceptable practice.
What are species called when they are brought to a place they never lived?
An exotic specie. An alien specie. A non-native specie. All are acceptable.
You had a few collection accounts paid off yesterday and the collection agency does not send you any documents stating you have brought the balance to zero before 30 days?
So, what is the question here?
