Debt Collection

Yes, after a judgment has been granted against you

Not sure, but I just got an order to pay $246 per bi-weekly check for owed taxes and called the IRS and had it reduced to $25 per check, I didn't ask to go any lower, I didn't want to push my luck

The estate has that responsibility. Until the estate is settled, the house ownership and responsibilities have not been transferred.

Depends on if the person is the primary on the account, but usually a joint account shares all rights unless otherwise specified.

You would have to review your deposit agreement, but normally money in a joint account can be withdrawn or the account closed by either party.

yes whatever you bought with the card can be taken until the balance has been met, or you just keep getting further and further in debt

The majority don't pay because they can't. Many people have poor money management skills. Others unexpectedly lose their source of income. Still others run into a person situation that incurs massive expenses, like a surgery that isn't covered by insurance, elder care for parents, funeral expenses, etc. Very few people (perhaps 1 or 2 percent) open credit accounts without the intention of paying them back.

First of all, stop spending. Try to negotiate with the lender(s) of the cards. Call them up individually and tell them that you can no longer afford the minimum due each month (if too high). Some are willing to lower your interest rates and ask you to send in something smaller for a certain period of time like one year, 6 months, etc. After that period is up, you can call them again to renew the repayment terms until you are paid off.

I've worked as a credit counselor previously and basically what we did was contact your creditors and negotiated lower interest rates. What I've heard from other counselors was that banks do everything within their power to avoid a "charge back", charge backs are basically when a company writes off the balance and sells the debt, that looks very bad to a banks bottom line because they're losing money.

Knowing that if you tell them you dire situation and explain to them that it's going to be hard to make the absolute minimums payments they most likely will negotiate with you.

While you're at it you might as well ask them to waive your fees as well!

Good luck!

It sometimes takes a month or two to be added as a negative on your credit report.

first ... you'll start getting phone call and letters from the credit card company asking you to pay... keep in mine that all the while there will be fees added to you total sum owed ... second ...the credit card company will sell your debit to a third party (collection agency)... thirdly ... the third party will start sending you latter and calling you asking you to pay ... the third party may even cut what you owe them by as much as half ... keep in mined that the half price deal is not much of one considering that the credit card company has add fee to the amount owed ... fourthly ... the third party may or may not sue you and or ask a Judges for a lean on your property or garnish your pay ( with the exception of SSI and disability moneys they are protected under law ) ... in any event call the credit card company and tell them why you cant pay they may just work with you ... trust me they will take $1 a mouth Vs $0 ...

Not unless the take you to court, and you lose. If you were sued, and you didn't show up, you lost. Once a judge finds in the collectors favor, they can move to have your wages garnished, including funds in your bank account.

5200 is a bad debt expense as company has estimated that it is possible that company will not be able to receive that amount from debtors.

You should not do anything with them. The executor of the estate should make arrangements to void the debt with the provider.

Yes, it is a real account

Well, to start with a judgment stays on your credit for a minimum of 10 years until you pay it off.

It could have an impact on your ability to buy a home, a vehicle, get other credit cards, etc.

Credit bureau

Accounts Payable

In the state of Kansas, how many times a day can creditors call you.

no

In most cases, yes, the spouse will be responsible. They are considered to have benefited from the goods and services.

Intrest

Yes if it was done before she became your ex, no if she did it after, yes if the child lives with you.

In Missouri the debts of the deceased, including hospital bills, are the responsibility of the estate. The estate, or its beneficiary should reimburse any valid debtors before giving any of the assets away. If the estate has been closed, there should be no further claims. Consult a probate attorney in your jurisdiction for help.

The basic assumption is that yes, the spouse is jointly responsible. It is assumed that both spouses will benefit from the transactions.

Probably not, as in most cases the debts of the deceased are the responsibility of the estate. Anyone that was also a co-signer on any of the agreements might also be responsible. Consult a probate attorney in your jurisdiction for help.

It depends on how good your lawers are. In most all probability, yes. Where you live is of no concern to a lender, on the other hand retrieving their money is. But before they snatch that from you, they would most probably garnish your wages via payroll deduction through court or by IRS witholding.