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What else can I help you with?
What is write down debt holding?
what is write down debt?
When was You Debt Your Life created?
You Debt Your Life was created on 2011-02-20.
You received a summons from clerk of court giving 20 days to respond on a past credit debt what should you do?
Write a response as to why you haven't paid the debt, or why you should not have to pay the debt.
What are the instruments used in settling debts?
Instruments used in settling debts include promissory notes, which are written promises to pay a specified amount, and bills of exchange, which are orders to pay a certain sum to a designated party. Other instruments include loan agreements that outline the terms of repayment and collateral agreements that secure the debt with assets. Additionally, debt settlement agreements can be used to negotiate reduced amounts owed between creditors and debtors.
What is Rick Ross income?
hes in debt
Is it legal for a creditor to sell your debt?
Yes, it is legal for a creditor to sell your debt to a third party.
What percentage of the debt do third party collection agencies typically pay for a delinquent account?
5%
What does third world debt?
Third World debt is external debt incurred by Third World countries. Third World debt is external debt incurred by Third World countries.
What is the limit on the amount of interest a third party debt collector can charge?
Can a law firm charge interest that is more than the debt in new york city
Non spousal states for debt collection in US?
States where the Spouse is treated as a Third party and a collector cannot disclose the debt if speaking with the Spouse of the Debtor
What is known as invoice factoring?
Invoice factoring is the same basic idea as debt consolidation. A third party buys up your debt, and you pay them one lump sum to service the debt, which is supposedly easier.
Major advantage of using owners capital as a source of finance?
Control. No debt to third party (reduces risk).
Difference between first party and third party collections?
First party collections is not governed by the FDCPA (Fair Debt Collection Practices Act) known for protecting you the consumer against harsh/abrasive practices by debt collectors. They are not required to follow FDCPA due to the fact that they are the original creditor. They may forward the account off to a third party or sell the account to a Collection agency. Third party debt collectors are under a maginfying glass when it comes to their practices. A debt collector may not contact you regarding a debt before 8am (YOUR LOCAL TIME) and 9 pm (your local time). Unless your phone is registered under another area code. (they get one freebee in that case. you must advise them that this phone number is not in your area code in which you reside). A third party collector also must state the Mini Miranda on the INTIAL COMMUICATION. That tells you this is an attempt to collect a debt any information obtained will be used for that purpose. for more Google debt collection laws in your state.
Can you be sued by a debt collector that bought the debt from original creditor?
If you are in default on an account that a third party/person bought, yes indeed, the new owner can foreclose on you and sue.
Are you obligated if a credit card company sells your debt?
Yes, you are still obligated to pay off your debt even if a credit card company sells it to a third party.
Is it legal for debtor to assign debt to a willing third party?
It is not legal for a debtor to assign debt to a willing third party unless the creditor is involved. The creditor must approve the transaction. For example, the sale of an automobile with the statement agreeing that the buyer takes over payments is valid if the creditor agrees.
If a third party purchased your credit card debt and sends a letter asking if you are the debtor should you answer yes and then proceed the discussion with the third party or keep unanswered?
If you are planning on paying the debt then let them know it is you and negotiate to have it removed from your credit report once its paid. If you dont plan on paying the debt then it will stay on your credit report for seven years regardless of whether you answer that letter.
