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Can your company charge admin fees for processing a court order judgment for a creditor how much?
Yes, a company can charge administrative fees for processing a court order judgment for a creditor, but the amount and legality of these fees depend on the jurisdiction and specific regulations governing debt collection practices in that area. Typically, the fees must be reasonable and clearly disclosed to the debtor. It’s important to consult local laws and possibly seek legal advice to ensure compliance with regulations regarding such fees.
What else can I help you with?
Can a lawyer charge interest on a judgment?
The lawyer doesn't charge interest on a judgment.Once the creditor wins a lawsuit and the court issues a judgment lien, the creditor is legally entitled to interest from the time the judgment is issued until it is paid. The debt can grow quickly. In Massachusetts the interest rate is 12%.
Can a creditor charge you more money than what is stated on the judgment filed against you?
Not directly. In some instances a judgment can be amended. The usual procedure is for the creditor/collector to file for a new writ of judgment for execution. Which, dependent on the circumstances may or may not be allowed.
Can a lawyer garnish your wages after the creditor has written it off as a charge off?
Absolutely, but he must obtain a judgment first.
Can you dispute a processing charge?
Yes, you can dispute a processing charge by contacting the company or financial institution that issued the charge and providing evidence or reasons why you believe the charge is incorrect or unauthorized.
Can a creditor that has charged off a debt continue to collect and put a lien on real property?
Yes, if the creditor sues the debtor and is awarded a judgment, the judgment can be executed as a lien against real property owned by the debtor. A "charge off" does not mean a debt is not valid nor subject to collection.
What is the definition of the term 'charge off'?
The term "charge off" is used when a company or creditor clears a persons account due to lack of payment at loss to the company. No further charges can be applied to the account.
Can a credit card company that filed a debt as a charge-off still file a judgment against the debtor?
Yes, the creditor or more likely a collector who buys the account can file a lawsuit against the debtor. If the plaintiff (collector) wins the suit, they will be awarded a writ of judgment. A judgment can be used to garnish wages, levy bank accounts, place liens against real property or liquidate nonexempt property owned by the debtor.
Is it illegal for credit card processing company to charge the vendor from two separate companies?
choclate
Is a charge off or judgment worse on a credit report?
They are or will be the same. All institutions who do a charge off sell the paper to a collection company so they are or will be the same.
Can a debt collector charge you more than your original debt in Texas?
Only if interest is provided for in the instrument creating the debt. If the creditor tries to charge interest to which a debtor did not agree, then that constitutes usury and can, in some instances, wipe out the debt altogether. In some states, the creditor may be entitled to collection costs. ==Additional Information== If the debt collector is collecting on a money judgment rendered by a court post judgment interest accrues and can considerably increase the amount of the debt.
Can a creditor still charge interest rates if they are garnishing your wages?
If you have a garishee against your salary can the creditor still charge interest. Thanks Theo
Can your bank account be levied for a credit card charge off?
A charge off does not define the debt as invalid or uncollectable. It is a designation used by creditors to indicate the debt is being removed from their normal accounting methods and sent into collection action. If the creditor sues the debtor and receives a judgment (they always do) the judgment can be used as a levy against the debtor's bank account.
