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What else can I help you with?
Can creditors legally sell your debt to another party?
Yes, creditors can legally sell your debt to another party, who then has the right to collect the debt from you.
Are adult beneficiaries responsible for deceased parents debts?
No, you are not responsible for their debt. The only person legally responsible for a debt is the person that signed the contract for the debt. It doesn't matter if your dead parents left you money. Collection agencies cannot legally collect someone else's debt from you - but they will try. See the FDCRA to know your rights in debt collection.
You have a car loan can another person take over the payments?
If the loan company approves. If the loan company does not approve and transfer the loan you would still be legally responsible for the debt.
What does American Debt Relief do for customers?
American Debt Relief offers a number of services for customers. They help to partially or totally forgive the debt owed by a person, as well as help them set up payment plans.
Is it possible for you to transfer debt to another person?
Yes, it is possible to transfer debt to another person through a process called debt assignment or debt assumption. This typically involves the original debtor and the new debtor agreeing to the transfer of the debt responsibility.
What is a legally enforceable debt?
A legally enforceable debt is a debt that meets the requirements to be able to be enforced in a court of law. It is debt that must be repaid.
What is legally enforceable debt?
A legally enforceable debt is a debt that meets the requirements to be able to be enforced in a court of law. It is debt that must be repaid.
When you owe a good or service to another person you are in what?
DeBt
Does your debt travel with you from country to country?
No, not in the sense that a person can be legally pursued or have credit denied due to the credit history in another country. However, if the person has had credit problems with a bank that has locations in another country, they can be denied banking privileges at that institution, which may create other problems
How can I transfer my debt to another person?
Transferring your debt to another person typically involves a process called debt assumption or balance transfer. This can be done by contacting your creditor to see if they allow debt transfers, or by using a balance transfer credit card. Keep in mind that transferring debt does not eliminate your responsibility to repay it, and the new person will need to agree to take on the debt.
Can you transfer a debt to another person if that person agrees?
If the creditor agrees, yes.
Is it possible to transfer credit card debt to another person?
No, it is not possible to transfer credit card debt to another person. Each individual is responsible for their own credit card debt and cannot transfer it to someone else.
