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Debt Collection
Debt collection is a legal and necessary practice when products or services have already been provided but the consumer has not paid for them. Some companies use collection agencies to pursue payments on debts owed by persons or businesses.
5,393 Questions
Does Amount Due -0.03 on a statement mean that they owe you 3 cents?
Let's use the example of an electric bill. Let's say you owed a month's electric bill of $329.47 cents. However, you like to work with even numbers or cents. So you pay $329.50. This would show as a "credit" to you of -0.03 means they are holding 3 cents in your favor. If you had paid $330.50 (on 329.47) to make a even more "even" payment, you'd be owed $1.03 (written on the statement as -1.03). But on the same statement, which serves as your next bill, you also owe a new bill of $360.28 cents. If you want everything to be even---so they owe you nothing and you owe nothing---you would pay $360.25 which would make a zero balance owed/due on both sides, at least until your next bill arrives.
Do you know... If you end services from a company and will not use them again anytime soon, and you have a 3-cent credit (meaning in your favor), the company must send you a check for that tiny 3-cents. They don't get to keep an overpayment (e.g. a credit owed to you). If, however, you continue to use the company, just let that credit fold into your next payment, so the balance due and balance now become zero.
The simple answer is - discipline ! Work within a budget. Contact creditors and arrange a lower monthly payment. It might take some time - but eventually you can be debt-free.
A checking account is typically the most liquid.
Can a garnishee be placed on my husbands income if I have a judgment against me?
Yes, a garnishee can be placed on your husband's income if you have a judgment against you, but this typically depends on the laws of your jurisdiction and the specific circumstances of the case. Generally, a creditor can only garnish wages of the debtor, so if your husband is not the debtor, they may not be able to garnish his income directly. However, if you reside in a community property state or if the funds are deemed to be jointly owned, it may complicate matters. It's advisable to consult with a legal professional for guidance based on your specific situation.
A judgement for debt - is a ruling by a court - detailing what and how much the debtor must pay (and any time-limit to repay the debt).
The thing they have in common is that they are all put in place to keep American control over the Panama canal.
Is surviving spouse responsible medical bills in Michigan?
The estate is responsible for all the bills of the deceased. The spouse will be required to pay them from the estate funds.
The money owed by the government to its creditors is what?
All money owed by its creditors is the money to the Federal Reserve. All money borrowed is at a 5 percent rate on the government books. But, to understand this you must know about money vs. Credit. Credit is not money. Credit is just what it states, Credit. When you purchase with credit card this is just that credit only, no money changed hands so therefore NO consideration moved. Without consideration there is NO valid debt. I have proved this 3 times in court case of my own doing.
Federal Reserve is A private cartel of money laundering. These banks was suppose to be the bank of last resort, but, became the only bank. The Federal Reserve has made about 700 percent profif the last 10 or so years and pay NO Federal income taxes, NONE.
how to get rid of the money that you owe from collection agency without paying them and become good credit again
Once a delinquent account has been turned over to a collection agency, the physician's office should stop billing.
Yes.
What is the statue of limitation on credit cards in Ala?
The statute of limitation on credit cards in Alba is 3 years.
Who are the debtor friendly states?
Debtor-friendly states are those with laws that provide significant protections to individuals and businesses facing financial difficulties. States like Florida, Texas, and Nevada are often cited as debtor-friendly due to their generous homestead exemptions, limited wage garnishment, and favorable bankruptcy laws. These protections can help debtors retain assets and provide a more manageable path to financial recovery. Always consult a legal expert for specific advice tailored to individual situations.
Is an authorized credit card user responsible for his debt?
Of course, and they can be sued if they don't pay.
Is Australia Debt Collection a good collection agency in Sydney?
Australia Debt Collection a good collection agency in Sydney since it offers many services to people.
Which terms describes any kind of money a creditor must accept by law in payment of a monetary debt?
How long does it take before a creditor will freeze your bank accounts?
For the most part, creditors cannot do this; the creditor will have to obtain a judgement against you first giving them the right to do so. You'll be notified of the pending court case.
Should a debt collector give you a receipt each time you make a payment?
Yes. Otherwise you have no proof that any payment has been made to the debt.
