Debt Collection

The estate has the responsibility. One of the primary reasons someone should open an estate is to resolve debts. The estate has to pay off the debts. If the estate cannot do so, they distribute as best they can. If the court approves the distribution, the debts are ended.

Garnishing wages is an expensive process that generally comes after winning a court case and is either mandated by a judge or it was agreed to in initial paperwork signed with the creditor. There are options to be considered for looming medical bills. Cindym

You can call or write the collection agency or lawyer. You may be referred back to the debtor, unless the collector has bought the debt. To settle the matter, make the best offer over 50% you can pay in a lump sum, or try to get the creditor tio make an offer of a settlement amount.

If you can't pay a lump sum, you will find the creditor or collector unwilling to cut a deal as to the amount owed, and you will have to pay the interest plus something towards the principal every month.

Look into bankruptcy if the debt is over $1,000 or you owe several unsecured creditors.

Credit reporting agencies collect their information from several sources including direct investigations, trade creditor and banking connections, and public and insurance records

Special reports are limited to specific businesses or companies and are provided under contract. These reports are more extensive than the general reports and contain background as well as general information.

Credit reporting agencies keep files of information on all consumers who have made credit transactions at some point in their lives. Credit granting institutions may purchase these files

the person who opened the account. (wife,husband). for example. if the wife had registered the credit card, she would be responsible for anything that has to do with the credit card. unless, the husband damaged or took over the credit card account. who ever's name the account is under is held responsible. If one spouse refuses or will not pay debt they are not forced to, however they will check if the other spouse is willing to pay. either way one will have to pay or take hold of the credit card. Then someone will be forced to or both may have to come up with an even amount of money.

Perhaps. State's enact laws that protect the consumer debtor's real and personal property. The concerned party should research the laws of his or her state relating to the garnishment of insurance and private retirement benefits for debts owed.

Please note, all Social Security benefits are exempt from garnishment for creditor debt, also military benefits, government pension annuities and federal or state public assistance monies.

The concerned party should also keep in mind that even if such funds are exempt from creditor attachment it is still possible for a creditor to execute a judgment against a bank account where exempt benefits and non exempt monies are comingled. It is always preferable to hold protected monies in totally separate accounts.

Consolidated Recovery Systems

2650 Thousand Oaks Blvd

Ste: 4220

Memphis, TN 38118-2473

(901)542-0606

I hope this helped.

yes true

Under certain circumstances, when the bank is notified, the accounts of the deceased may be frozen. However, Chase does not know when customers die unless notified typically.

Perhaps what is meant is... Which states are community property states?

There are only nine CP states and they are:

California

Idaho

Louisiana

Nevada

New Mexico

Texas

Wisconsin (this state is not considered a "true CP state" in regards to the way the laws for marital debt and/or assets are determined.)

Yes. However, the Consumer Credit Protection Act limits the amount. Your wages can be garnished up to a maximum of 50% to cover child and/or spousal support if you are supporting another spouse or child. If you are not supporting another child and/or spouse, up to 60% of your wages can be garnished. Generally, no more than 25 percent of a person's wages is garnished.

In Missouri, the spouse will indirectly be responsible. The estate must resolve all debts. Until that is done, the spouse cannot inherit anything.

The method in which a deceased person's assets and debts are handled depends upon whether there was a Will and/or the laws of the state in which the person resided at the time of his or her death.

The best option for the surviving spouse in such cases is to seek advice from an attorney qualified in such matters. The majority of attorneys offer free or minimal charge consultations to explore options.

If you believe a collection agency has done something illegal you you should contact an attorney. In some rare cases you can bring action through your State Attorney Generals Office, Federal Trade Commission, or the Consumer Financial Protection Bureau. If those agencies don't have a remedy than your only recourse will be to sue in either State or Federal Court.

Most laws regulating collection activity are federal laws (FDCPA, TCPA, etc) however many states have additional laws and thus some state courts would also have jurisdiction.

If you are simply disputing the validity of a given debt than the following actions should be followed. If you feel the debt is not owed and it is reporting to your credit, dispute it with the 3 major credit bureaus ( Equifax, TransUnion, and Experian). Then contact the collection agency via certified mail to dispute it as well and ask for proof that the debt is valid.

A joint bank account or more likely a portion of such might become part of the deceased estate depending upon how the account is held. Most accounts held jointly by family members are done so under the law of rights of survivorship and therefore revert to the living account holder(s) upon the death of the another.

In any case, just being a joint account holder does not make the person responsible for the repayment of debt incurred by the deceased.

they take your stuff.

No. A Credit cannot take money from your savings account without giving you prior notice.

But, if you have an electronic funds transfer arrangement (for loan repayment) or if you have given him your bank account check (Signed) then he will be able to take money from your account. In these 2 cases, he need not give you a notice because it is understood or rather assumed that you know that he is going to do it and since you have signed and approved the same another intimation is not required.

Personal property is not an issue in foreclosure proceedings. Perhaps you are confused about the definition of such. PP would be household furnishings, clothing, jewery, and so forth.

As to the time limit when the persons living in the foreclosed residence, that often depends upon the terms of the mortgage agreement and/or state statutes where the property is located. In some cases it can be as little as 30 days from the time of the eviction service or as long as a year. The final eviction notice will contain the exact date the property is to be vacated. If the order is not followed an officer of the court (usually a sheriff deputy) will remove the occupants in whatever manner is required.

Aging report

Debt Collection Software from Columbia Ultimate is often referred to as "CUBS"

The spouse is not directly responsible, unless they have co-signed for the services. The estate is responsible for settling all medical bills in Indiana. So before the spouse can inherit anything, the estate has to pay the bills.

Your bank sets the limit. But yes.