Debt Collection

I am unable to pay my utilities and credit cards and was wondering when the creditors place a judgement on me if my retirement money can be taken, it would mean then not being able to pay mortgage

Liquid assets are those considered easy to liquidate. Such as savings, money market accounts and cash on hand. Non liquid assets are difficult to liquidate. Certificates of deposits are an example of a non liquid asset.

All of them! We are taking our all of our kitchen appliances when we are notified of our move out time. I bought them with my own money. The greedy banker didn't.

No, but this depends on what state you are in - If you are in CA, then the bank (or private party) will post a 3 Day Notice to vacate the home (after foreclosure) - depending on which bank, it sometimes will take them a couple days to coordinate this. On a more practical matter, they will generally offer you "cash for keys" and give you $1000-$3000 to leave within a certain time frame (7-14 days) and leave the home is "broom clean" condition. They do this because the cost of eviction and risk that the homeowner will steal things from the home or leave the home damaged is much greater then the cash for keys. If its not too late then check the details to stop or avoid foreclosure or contact some professional.

Yes, they will get in the way. Debts are the responsibility of the estate. Before anything in the estate can be distributed, the debts have to be cleared.

Do they use experian inc

no there is no limit

Only with a court order.

The bank that loaned the money initiates the foreclosure when the debtor fails to make the payments. Generally, the bank is represented by a law firm that specializes in foreclosure and the law firm begins the procedure.

The bank that loaned the money initiates the foreclosure when the debtor fails to make the payments. Generally, the bank is represented by a law firm that specializes in foreclosure and the law firm begins the procedure.

The bank that loaned the money initiates the foreclosure when the debtor fails to make the payments. Generally, the bank is represented by a law firm that specializes in foreclosure and the law firm begins the procedure.

The bank that loaned the money initiates the foreclosure when the debtor fails to make the payments. Generally, the bank is represented by a law firm that specializes in foreclosure and the law firm begins the procedure.

In Oregon the estate will be responsible for the medical bills of the deceased. Only after they are resolved can the estate be closed and any remainder distributed.

I perform consumer collection management of past due accounts, aged receivables, and down the list all the way to legal collections. While performing collections for a finance company that specializes in creditor's rights during bankruptcy proceedings my job entailed being attentive to detail as I'd pursue debtors to other states. I don't believe in harassing NEVER had to use any of those cowardly tactics. I aim at a win-win objective where customer & client mutually gain.

Your best bet is to review the laws of each state. Whether the debt collector has his own legal dept they still have to present themselves at court and 'if' they are awarded a judgment than they can execute. Not many collection agencies would consider litigation unless they're pursuing a substantial balance as they still have to account for fees & cost upfront, which, later they will add it on to the balance.

I offer a bit of advice as I'm against abusive collectors that are quick to judge and don't offer options whether they're retained by the client. My advice to you is don't evade the problem and face it technology will rewrite the laws and everything will be based on credit from obtaining employment to renting. If I offer reasonable negotiations by scheduled payments, discounts and even hardship programs I'm sure other collectors do, too. Plus, there are laws that show you steps on how the collector is to behave when contacting you. Give it a try and best of luck.

With a judgment and execution, the sheriff can. Without it no. But the collection agency can never legally access it. However, there are ways to do it illegally. Can the creditor do it... ? If you have a citizens acct and a debt with them, then yes, they can legally access whatever accounts you have with them. But a creditor can't just get access to you bank accounts.

(I own a collection agency)

Basically they it is a debt related to businesses or other non-personal matter rather than consumer debt which pertains to home, family, personal expenditures, etc.

How long a public record of judgments and other civil actions remain depends upon the laws of the state in which the judgment was granted. In some U.S. states such public records are truly permanent and are not expunged even when the named person dies.

No. The dead persons belongings - house, car, money bank accounts, shares, jewellery - (everything they had when alive that was theirs) forms what is called the deceased's 'estate'.

The person who is appointed to look after the estate (the executor) should use the funds in the estate to pay any debts that the dead person had (BEFORE ANYBODY INHERITS ANYTHING).

If the money in the estate is not enough to meet the debts then this is hard luck on the people who are owed money.

The debt does not pass to the children.

In general, once a creditor sells a debt to a collection agency, they transfer the rights and ownership of that debt to the agency. As a result, the collection agency becomes responsible for attempting to collect the debt. In most cases, the original creditor no longer has the authority to reissue a warrant or take direct legal action against you for that specific debt.

However, laws regarding debt collection can vary by jurisdiction, and there may be specific rules or regulations that could impact the ability to reissue a warrant in certain circumstances. It's essential to consult with a legal professional who is knowledgeable about debt collection laws in your area if you have concerns or questions about your specific situation. They can provide guidance tailored to your circumstances and the applicable laws in your jurisdiction.

go to:

prepaid.citi.com/biotest

This web address should be on the back of your card.

There is no time period in which a creditor/collector must cease attempts at collecting a valid debt.

All US states have statutes of limitations for debts owed. The SOL is the time alloted for the creditor to file suit against the debtor to collect monies owed. The expiration of the SOL is not always a guarantee of not having to pay a valid debt(s), certain circumstances are applicable.

It is the legal right of the debtor to inform the creditor/collection agency that they do not wish to be contacted about the debt either by phone, email, postal service, etc. If the debtor wishes to take such action he or she should send a "cease and desist letter" to the creditor(s) requesting that collection attempts should be ended. The correspondence should be precise and sent via registered mail with a return receipt requested in case proof is needed of the action having been taken.

The estate will be primarily responsible. The spouse indirectly will pay, as they cannot inherit until they are resolved and they benefited from the debts incurred.

If the deceased was the sole account holder the CC will need to file a claim against the deceased's estate with the probate court in the state of residency at the time of the person's death.

The collection agency cannot reposses the vehicle unless they are the lien holder. If they are, they do not need an order of replevin to seize the vehicle unless they live in one of the few states that require such.

If the collector does not hold the lien on the vehicle they will be required to file suit against the debtor, receive a judgment and execute said judgment as a forced sale or a lien of/on the judgment debtor's vehicle.

Debts are the responsibility of the estate. No will is necessary to open an estate. Before anything in the estate can be distributed, the debts have to be cleared.

No. The credit card companies will try to get you to pay off your parent's bills but you don't have it. It is all volunteer. I was glad to learn this since my mother is 81.