answersLogoWhite

0

💰

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 TitleMax garnish your wages?

Titlemax is not in the business of making anything harder for the customer than it has to be. I do work for Titlemax but I will not disclose the recourse of not paying your titlepawn off. The only thing I will say is you need to contact the office where you have your title pawned and work something out with the store manager. Sometimes people are to afraid to face things but in this business, we will work with those who work with us.

Is it better to pay of 2 small credit cards or 1 large one?

Pay off the higher interest one first. Then, make at least double the payments on the two others and don't default on them. The sooner you can manage this, the better off you are since you reduce the dollars you are paying just for interest. A second job and serious cutbacks in your household or other expenses can really help you get there. You don't need to close the accounts, just stop using them.

You only make 800.00 a month but you owe 36000.00 in credit card debt can they garnish your wages?

In some states you may be exempted from garnishment. In order to fully answer your question please copy and paste to the url.

https://livechat17.volusion.com/livechat.aspx?ID=242155&location=https%3a//www.ontrackfinancialgroup.com/&auto=0&cookieGuid=4jemrfffgqabwkvgckfyn2ni&DeptID=&Agent=&tType=

Ontrack Financial Group llc

What is limit creditor can collect debt in California?

There isn't a limit.

For a complete answer please visit www.OntrackFinancialGroup.com

Ontrack Financial Group llc

888-686-6834

If you inherit a house can creditors take that house to pay outstanding debts?


Most states provide some form of homestead exemption against creditors for your primary residence. However, the amount protected varies by state. The inherited property may be vulnerable to your creditors. Your creditors may seek judgment liens in civil court and may be able to record those liens in the land records thereby preventing a refinance or sale until the liens are paid. You should consult with an attorney, perhaps the attorney who is handling the estate.

A notice to cease and desist can it be written to the creditor or only to a collection agency?

A cease and desist can be written to a collection agency. However, some creditors adopted the FDCPA as their baseline for communication and ethical procedures.

If you need assistance please visit www.OntrackFinancialGroup.com

Ontrack Financial Group llc

888-686-6834

Will I be responsible for my finane's debt if we get married and if so is there away of getting around it I live in Detroit Michigan this is debt that was incurred before we get married?

You will need to file an Injured Spouse Form ( 8379) if you file jointly, in order to protect your portion of the income tax refund. You can order this form on the IRS official website, just type in IRS, and go to their page, and look under , order forms and publications. Hope this helps. Mary

Why did the Americans agree to allow British merchants to collect debts owed to them?

I think it's because they won the Revolutionary War and they were doing something nice for the British.

How do you know if your wages are being garnished?

when there is a garnishee on wages, it has to go through a court that way you will be notified by the company and the court.

How can you collect a personal debt of 10000 in the state of Florida?

By having Vito who works at a bar down by the docks to work the dead beat over until he coughs up what he owes you - for a percentage of course.

Can wellsfargo place a home in foreclosure when it's owned by Bank of America?

Possibly, if Wells Fargo is the servicing company for Bank of America. Maybe the loan at one time started with Wells and they sold the loan to BOA. They could have retained the servicing of the loan.

Why are so many people in credit card debt?

Everyone bought the line that they could spend, spend, and spend more. Have a great time on the plastic, but what many didn't realize that the credit cards have a little hitch and that is interest rates. When the banks had interest rates in the low range a few dollars added to the balance didn't seem to make that much difference, but when they raised the rates to 25% or 30% ( some are 75%) the fees went up. Now, it is possible to have over half of a payment go to interest and fees and the rest to the principle. People can't get the debt paid off this way.

Here are some interesting statistics:

  • Each American has an average of over $15k in credit card debt
  • 64% of Americans does not have $1000 in emergency cash savings

Just do the math; your average Americans does not have a $1000 safety net but having a credit cards immediately available you're going to obviously go to your credit cards if you have an emergency car repair.

I worked for a non-profit credit counseling agency, and many of the people that have come through the office in need of help got in trouble with their credit cards while they were in college.

Another huge group of people that came through the credit counseling office got in credit card debt because they had a string of unemployment.

Can a ucc 1 filing stop foreclosure?

In short, the answer is a resounding NO. Once someone actually understands how liens work, and how the foreclosure process works, one realizes that the UCC filing can not help, and anyone who says so either doesnt know better or is a scammer. The simplest way to know if something is a scam is to ask yourself this...

"If this truly cant be done, why isn't everyone doing this?"

When you buy a home, a lien is placed against it called a mortgage. This lien has 1st rights to the asset (your home) should you fail to make the payments. Should you get a 2nd mortgage against the property, this lien is called "secondary" and should you be sued by someone, that judgment lien is in 3rd position.

Now you foreclose. You are not making your payments. When the house sells at auction, the 1st lien holder gets all the proceeds. Should money be left over, the money pays the 2nd lien holder and other lien holders until nothing is left.

By filing a lien against your own property (which in itself is fraudulent, because you are impeding the due process of the foreclosure look up bankruptcy fraud and conveyance fraud.)

But for sake of argument, lets say you file this lien against your property. The 1st lien holder, or your lender can foreclose on you, without approval of the other lien holders. They have the first right. If they chose not to, the 2nd lien holder can supercede the 1st by presenting their own foreclosure case against you.

Ive been in this business for the past 5 years, and I have heard the craziest "loopholes" and theories on how to help struggling homeowners. None of them work, and those that have approached me with these schemes have all ended up in jail. I was approached with this ideal in early 2007, and that promoter is now spending 20 years in jail.

If you seek further advice on how to delay your foreclosure, feel free to email me at trusteedelayservice@gmail.com for non-biased and legal strategies that can help you.

How do you stall foreclosure?

You can stall a foreclosure. If you negotiate with the lender for a short sale, the lender may hold back on the foreclosure process to allow you to complete the short sale. You can also challenge the foreclosure process in court. If there are any irregularities in the foreclosure process initiated by the lender, the court can stall the foreclosure. You should ask the lender to produce the original note. Often the lender initiating the foreclosure is not the original lender. Most lenders sell the mortgage to other lenders and institutions. It is the subsequent lender who generally initiates the foreclosure. Often the subsequent lender may have problems producing the original note. Sometimes it can take months to produce the original note. Filing for bankruptcy also stalls the foreclosure. Negotiations with the lender can also buy you time. For an official opinion, it is advised you seek legal counsel.

If a person dies and there is no estate what happens to credit card debt left by the deceased?

The estate is required to pay off the debts including credit cards. If the estate cannot do so, they distribute as best they can. If the court approves the distribution, the debts are ended.

Cease and desist letter to creditor?

Need a sample of a cease and desist letter to creditor stating I cannot pay bill right now.

Distinguish between debt forgiveness and debt retirement?

Debt retirement refers to the paying off of a debt in order to avoid future interest payments, this can only be done if the current funds available are able to clear the outstanding balance of the debt.

Debt forgiveness on the other hand can be considered to be an amnesty by lending institution for countries who are heavily indebted, this is usually done to help alleviate the debt burden faced by such countries.

Therefore the difference between debt retirement and debt forgiveness is that one is paid off by the country who is able to pay off the debt and the other is an amnesty given to remove the debt for countries who cannot afford to pay it off.

Trending Questions
Can you still negotiate with a collection agency when they are currently suing you? When was the last time the US was debt free? Is it best to borrow from mutual funds to pay off credit card debt? You want to marry someone who owes IRS penalties and interest How do you protect yourself? Do I have to pay a bill from a fire department for an accident I didn't cause? How can you find out if you owe Georgia Power any money? How long does a creditor have to file a lawsuit on a charge off in California? What is a pre foreclosure? What is meant by judgment recovery? Can you be liable for someone else's credit card debt if you made their minimum payment every month out of your checking and you weren't a joint card holder? Can a collection agency sue for under 300 dollars in Tennessee? Can the money from an IRA be taken by creditors? Are children responsible for the debts of their deceased mother in Illinois? Is Texas a garnishable state? What is a test that a judgment can be based on? Is a judgment against you automatically reported to all credit agencies? In Pennsylvania can a joint bank account be frozen if there is only one debtor? Can a decedent's property be sold if estate has not been finalized and other half belongs to surviving spouse. Can his ex wife apply for letters of administration for their children? After bankruptcy discharge can a bank leave a loan open on a credit report can the bank attempt to collect a debt after bankruptcy discharge? What happens if you get sued by a creditor?