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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
Can a creditor put an account into collections multiple times?
This will depend on where you live.
Where I live the Creditor can put the debit into collections as many times as he likes as long as:
- It is being pursued by only one collection agency at a time
- It has not expired under the law
- It has not been "Satisfied" under the law. Bankruptcy is an example. So is a valid payment plan as long as the payments are made on time.
What is the best way to have debts cleared by collection agencies?
The best way to have a debt cleared by a collection agency is to pay the outstanding debt off. The only other way to clear it off is to provide proof that the debts are not valid.
Can collection agencies take you to the court?
Absolutely they can ! The only reason a person needs to deal with a collection agency, is because they defaulted on payments to the original company. That company passed the account to a debt-recovery agency, who paid the sum YOU owe to the original company.
If you simply refuse to pay the collection agency, they have the legal right to take you to court to recover the debt !
Can collection agency sue you in Texas?
Any collection agency can, in theory, sue you anywhere they can find you. Whether or not they have jurisdiction or a valid claim and whether you have defenses would depend upon the circumstances.
Will your late husbands credit card debt come out of your estate?
It shouldn't ! Any debt(s) solely in his name died with him. The only exception - would be if the card(s) were in joint names - in which case, the debt becomes your sole responsibility on his death.
Can lis pendens be vacated if judgment is awarded?
Yes, a lis pendens can be vacated if a judgment is awarded, particularly if the judgment resolves the underlying dispute that prompted the lis pendens. Once the court issues a final judgment, it typically provides clarity on the rights to the property in question, leading to the removal of the lis pendens. However, the specific procedures and requirements for vacating a lis pendens can vary by jurisdiction, so it's essential to follow local rules.
Where can one find information about a job as USA debt collector?
Information about a job as an USA debt collector can be found online. A wonderful source of information is your local unemployment or workforce office.
What duties are related to debt collector jobs?
As a debt collector, duties will often include updating debtor records, searching for updated contact information for the debtor, contacting debtors by phone or mail and negotiating payment plans. The average salary for a person in this position is about $32000 per year.
What to do when the house you are renting goes into foreclosure?
You may want to find another place to live. There could be some real ugliness involved in the process if the owner tries to contest things.
Are adult children responsible for paying deceased parents medical bills in Florida?
The estate is responsible for the medical debts. The exception would be if the children were the insurance holder or co-signed the medical agreement.
How long is it before debt collection will be sent if someone does not pay off their credit card?
The length of time a debt collection is sent really depends on the credit card company. If they have attempted to make contact on various occasions with no resolve then the companies will often send out a debt collection notification, and also the companies will notify the credit bureaus.
How do debt collection agencies obtain work?
There are several ways that debt collection agencies obtain work. One way is when a subsidiary of the company that is owed the debt tries to collect the debt themselves. There are also third party agencies who are hired by a company to collect what is owed and the agencies are paid a fee for this service.
Are joint bank accounts protected from judgments in Pennsylvania?
I'd be astonished if they were, since that's an amazingly huge loophole. Just always make sure you put your great-aunt Fanny (or whoever) on your accounts, and boom, you're judgement-proof!
Mark Twain once said "Suppose you were a member of congress, and suppose you were an idiot. But I repeat myself." However, I don't think any legislature could possibly be quite that stupid.
Actually Pennsylvania has one of the strongest Tenancy By The Entirety laws in the U.S. This method can only be implemented by a legally married couple and it does include bank accounts.
When any property is held under TBE statutes it is immune to action by a creditorwhere only one spouse is the debtor.
All other bank accounts such as Joint Tenancy or Rights to Survivorship can be subject to judgment creditor levy. In such cases the non debtor account holder must present documentation to the court provingthe amount held in accountbelonging to them in orderto protect those funds from seizure.
How can one get in contact with a debt management agency?
To find a debt management agency, begin by searching local business directories. Be sure to check that the agency holds a valid license before signing an agreement with them.
Can law collection agencies keep asking for more money even you can't afford it?
Yes, even though it makes very little sense for them to do so. A collection agency regardless of the status can continue collection attempts as long as they do not violate the FDCPA.
Is a surviving spouse in Pennsylvania responsible for medical bills of the deceased spouse?
Only if that spouse signed an agreement with the providing agencies to do so. Pennsylvania is not a community property state and therefore debts (including medical costs) of one spouse is not automatically owed by the other.
However, that may not prevent a creditor from attempting to collect from the surviving spouse. He or she should obtain legal counsel if that should happen to be assured their rights are protected.
One thing you can do it contact the credit reporting agency that is showing it andtell them you want to dispute it. They have a number of days, 90I think, to send you a form and follow up.
Which of these describes the contract between the debtor and the creditor when a bond is sold?
the debtor promises to pay the creditor the borrowed money with interest at fixed intervals over a specific period of time
Will the IRS levy my daughter's bank account for my back taxes if my name is on the account?
Joint accounts which are not held as TBE (a manner only available to married couples in certain states) are subject to levy by the IRS and other creditors.
The non debtor account holder must provide the court and levying agency proof of the percentage of funds belonging to them. In most instances the bank account will be "frozen" until the court rules on the motion.
Can a judge in Ohio order your bank in Texas to levy your account?
Under the full faith and credit law the judgment creditor (holder) can obtain an exemplified copy of the judgment from the clerk of the court in the district where the judgment was awarded.
The judgment holder then sends the document(s) to the clerk of the court's office in the county/city and state where the judgment debtor resides. The judgment will then be executed in the manner stated, (garnishment, lien, bank account levy, etc.).
Texas does allow bank account levies by judgment creditors. Therefore, a Texas magistrate will sign the "foreign" judgment and canorder it enforced as a bank account levy.
Can a collection agency falsley claim to have a judgment against you?
No. A collection agency may not legally make any false claims.
However, they may have obtained a judgement by default if you failed to answer a summons.
