Debt Collection

Yes. A joint bank account is an equal property of all the parties involved in the joint account. So if one of the parties who jointly hold an account owes a debt to the bank, the bank can lay claim to the cash he/she has in an account they jointly hold with another person.

Real property tax liens(s), followed by the holder of the oldest recorded lien.

No. However the creditor can use such information as supporting evidence of the debtor's ability to pay a debt and his or her negligence to do so if lawsuit to recover the money owed should arise.

A joint account is just another bank account which can be used for any purpose. Yes, you can use it to take a personal loan or pay for one. There are no restrictions reg. joint accounts not be linked with personal loans.

Yes, if one got the loan after foreclosure proceedings began.

When banks make credit decisions, they want to consider as much up-to-date information as possible. If a foreclosure is coming up but is not on the credit report, the bank may grant the loan. Once the foreclosure shows up on the report, the bank will conduct due diligence and see if they would have granted the loan knowing about the foreclosure. Most banks would not and will call the loan, making you responsible for paying immediately.

R9 is the code for foreclosure and write-off as uncollectable for any credit account...this code in any credit profile will send a credit score down low, usually to the 600 level which is usually unacceptable for any further new loans....Word of advice, on any current accounts that you do have at that point in time, keep your payments current and depending on that companies relationship with you, you may be able to keep that account open (like a credit card). however, once a credit profile gets one R9 code, the computer that figures these scores will assign more higher numbers for scores at the earliest opportunity for any further delinquencies. a perfect score of accounts for all credit cards and mortgages, as well as any other accounts will show R1 across the board.

The children are not directly responsible in Pennsylvania. The estate is responsible to settle all the debts. Until these have been paid, the children are not entitled to receive anything.

In Arkansas the estate will be responsible. The spouse indirectly will pay, as they cannot inherit until they are resolved.

Employers can refuse requests, not subpoenas.

Yes, they can certainly bring suit. You benefited by their payments. They are entitled to get their money back.

Both have central committees - Novanet

default

Ask your lender

Ask your lender.

In Mississippi, the estate must resolve all debts including medical bills. Until that is done, the spouse cannot inherit anything.

The bank can freeze any account that is held by a customer with the bank. But, this does not happen at the banks wish. Usually a legal order by law enforcement agencies (police or cops) is required to do so. Usually cops and federal authorities freeze bank accounts of terrorists and known malicious elements of the society.

Well, if you have to pay a debt to a company, and a representant of the company has the papers necessary to prove that you have the debt, but the company is bailed out by the government, you still have to pay. Some companies are bailed out because they have no more money, because they gave the money to other people and then expect them back. Not paying can be called fraud, and some people have been jailed for profitting on these companies. The criminals saw in Econimic sites that the company`s funds are almost 0, then take a loan, the company is bailed out and the man goes with the money. Of course, the government doesn`t want this, so if you have a debt even to a long-time dissapeared company, you still have to pay it. So choose wisely when you have a debt, or you`ll have to give back money to people that died long-ago.

Upon your written request for validation, yes. This is covered under the Fair Debt Collection Practices Act (FDCPA).

Liabilites

Dun and Bradstreet

Debt held by businesses is called Business debt

In New Jersey, the estate must resolve all debts including medical bills. Until that is done, the spouse cannot inherit anything.

When a company writes off your loan, from an income and accounting standpoint, they are saying that your loan will not be paid. When this occurs, they will send a transaction line to one or more credit bureaus indicating that they had to charge off your account as a result of non-payment.

When your account is sold to another company, the current organization either believes that they have gotten the most value out of the account or does not believe that it is cost effective to waste any more money working on the account. Either way, companies sell loans to other companies all the time.

When an account is sold off AFTER being charged off, the buyer is usually a distressed debt (collections) organization that specializes in the collection of that type of debt. Usually these buyers pay very little for the loan because the likelihood of collection is quite low.

Yes unfortunately you do. In fact, you have to pay around 2-3 thousand more dollars than the overall cost spent on the credit card.