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What does the legal use of the term assigned mean in regards to debt assignment?
The term assigned in this instance means the original creditor has assigned or given the right to collect the debt from you to another entity, such as a collection agency. If there is a proper assignment, you no longer owe the money to the original creditor and it may likely refuse to accept payment. Now your debt is owed to the company the debt was given to. Sometimes, unpaid debts are sold to collection companies for maybe 50% or some other higher or lower percentage of the unpaid amount. Now the collection agency owns your debt. This is why you might be able to make a deal with the collection agency to pay less than the amount owed. If a collection agency pays 50% of the debt, then contacts you, it will want the full amount. If you can't pay it they will sue. However, suing and collecting the full amount through garnishment is a slow, time-consuming process. Often the agency prefers to get something more than it paid in order to make a profit. If the agency paid $500 to buy a $1,000. debt, it might be very happy to get a payment from you in a short time for $700. That way it made a quick $200 with not much work. Remember when dealing with collection agencies that claim the debt has been assigned to them for collection, you have a right to see that assignment in writing before sending them anything.
How much does it cost to hire a federal attorney?
The cost of hiring a federal attorney to defend one in court usually costs around, but usually above $1,000. However this is only the base fee, there may be additional fees based on what the attorney does for you, such as hiring an investigator to find more evidence for one's case.
What is the monthly wage for an attorney?
The monthly wage for an attorney can vary based on factors such as location, experience, and type of law practiced. On average, attorneys in the United States earn between $5,000 to $15,000 per month, but this can be higher or lower depending on the factors mentioned.
How much money does the attorney general make a year?
Which Attorney General? Of your state? The U.S.?
How much does a city attorney make?
City attorney salaries can vary greatly depending on the size of the city and its location. On average, city attorneys in the United States can make anywhere from $60,000 to over $200,000 per year. Entry-level city attorneys typically earn less than those with more experience.
How much can a collection attorney charge?
Whatever the client is willing to pay.
How do you go to Discovery to see how much a collection agency has paid for a charge off?
The only way you can find this information is if a judge rules the collection agency to release information. A good rule of thumb is 30%. Each time a bad debt changes hands it will decrease by as much as 30% to 75% depending on the age of the debt.
How much does attorney charge for loan modification?
It depends on the area. I've seen charge as much as 7,000 for a modification, with the median being about 5500.
How much would a Income Tax Attorneys cost?
Income tax attorney fees vary. Some attorneys will charge a flat rate for a specific service, for example an attorney may charge a fee of 5% of your debt. However, it is more common for attorneys to charge an hourly fee on top of requiring a retainer. On average, one should expect to pay a retainer of $1000-$2000 and an hourly fee of $200-$250.
Is it legal for a debt collector to refuse to respond to me and if so can they report my debt and lower my credit score if they won't disclose my debt information.?
No, a debt collector must legally tell you what kind of debt you owe and how much debt you owe. You can consult an attorney for more details.
How much can you sue a collection agencys for?
Hi, I'm not sure of California limits, usually at least a few years. There are FDCPA guidlines for debt collection. ANY STATE commerce dept (not chamber of commerce, just 'commerce') and/or the states office of Attorney general will have all the best info. Not blowing off your question, but they will be the best sources. There are national/federal agencies. Most debt collectors could give a rip about them. THANKS
Where do you find out how much do you owe?
I would like to know how much i owe on my bills and debt collection. Is there away that i could find out please.
How much does a divorce attorney charge?
Of course there are no consistency in regards to divorce attorney charging.But most commonly, they have the starting fee of $500 depending on the case.
Can collection agencies sell your old debt to keep it active?
YES, but there may be statutes of limitation in your state of residence when you incurred the debt, regarding a particular type/category of debt -- you would have to check further along that line. If the debt is not of a category having statutes of limitations, then the creditors can continue collection effort or resell the debt to a collection agency (that can then continue the collection effort) pretty much until they decide to quit spending time and resources on the effort. Even your death won't prohibit creditors from pursuing your estate. This is a primary reason for the existence of personal bankruptcy -- to legally terminate some or all debt that you are not capable of paying.
How much will an attorney usually charge to reopen a discharged bankruptcy case to add a creditor that had been forgotten?
$300 include filing fee and attorney fee
How much is an attorney to go to court 1 time to fight cps for your kids back?
There is no set charge. Different attorneys charge different fees.
Can they legally keep selling your old debt to other collection agencies to keep the debt active?
YES, but your question is not well thought-out. There may be statutes of limitation in your state of residence when you incurred the debt, regarding a particular type/category of debt -- you would have to check further along that line. If the debt is not of a category having statutes of limitations, then the creditors can continue collection effort or resell the debt to a collection agency (that can then continue the collection effort) pretty much until they decide to quit spending time and resources on the effort. Even your death won't prohibit creditors from pursuing your estate. This is a primary reason for the existence of personal bankruptcy -- to legally terminate some or all debt that you are not capable of paying.
