Debt Collection

glittering generalities (:

The estate is primarily responsible. However, a spouse is normally considered to benefit from such debt and can be held responsible.

The estate in Minnesota is responsible for any outstanding bills. But the assumption is that the wife inherits the husband's assets. One way or another, the she ends up paying the debt. If the assets are not enough to cover the debt, the real property may have a lien placed against it to cover those debts.

No, ih he sold it he no longer has any right to it. But frequently, they just hire or assign the right to collect it to another, in which case the debt is still owed to them.

Generally, the estate is responsible for paying the debts of the decedent when the debts are in the sole name of the decedent. If there are no assets then the creditors are out of luck.

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A collection for an account receivable will affect two accounts. Cash and the Account Receivable that it is related to.

For example, a customer has purchased a computer on account for $1500 and they pay you $500 towards the balance, the two accounts will be

Cash (db) $500
Account Rec-*customer name - (cr) $500

Not only did you receive cash, which increases your cash (debit) but the customer paid toward his account and it reduces the amount he owes (credit).

Credit is based on money that you don't have. Credit card companies allow you a limit to spend. When you use your credit card it is like getting a loan from your credit card company. When you pay this loan back, you will have to pay interest. This means that you wind up giving them more money than you originally spent.

A debit card is linked directly to your bank account. You are only allowed to spend the money you have in your account. Some banks will allow you up to a $300 overage, meaning even if you don't have it in your account they will cover it. But, this will lead to fees being owed to your bank. Usually you will be hit with an over draft fee of $30 to start, then $5 for every day after the first week that you have a negative account balance.

No, having her listed as an authorized user will have no impact on your credit score.

yes

I live in Florida abut I am not a lawyer, but have been in asomewhat similar position some years, except that the situation was reversed. It had to do with money for a loan that was signed only by myself and my husband's name appeared nowhere as being a borrower If you are referring to money that is owed on a credit card or a loan that you have also signed when the credit card card card or loan was initially obtained, then, yes, you are responsible If the money is owed by your husband only and your name is not listed as being a borrower or you have not signed as also being responsible then, any monies that your husband owes can only be collected from your husband and you would not be responsible. It would be a good idea to call an attorney or search the Internet for free legal advice. Many lawyers are willing to answer a simple question for no fee. Good luck to you.

By federal mandate, the credit reporting agency must NOT report you to the credit bureaus until 30 days past the date of the letter sent to you.

My Dad had a credit card that had a balance of over $12,000 on it. They offered a payment of $3,600 to forgive the debt in full. We paid it and he now owes nothing. His card was a Citi Bank backed card.

It is normal to have responsibility for it. The insurance often also required the spouse to accept responsibility and the primary insurance holder is always required to do so.

they will stop at nothing including threatening to take your first born child but basically all they can do is sue you and get a judgment and if you have no assets they cannot take them, but if your working you could have your wages attached...

How do I pay my bill online at Frost Arnett Collection Co?

Go to www.facpayments.com. You will need your Master #, Acct #, and PIN from a recent bill.

Not unless the parents entered into a contract with the hospital, doctor, etc. that provided the care.

No, but a bank account can only be levied by a court order.

No, but bear in mind that the costs will come out of the parents' estate first.

So if a single parent died with assets worth $12,000US, the medical bills will be paid after the necessary amount of assets have been liquidated. The child will then inherit the rest. If the medical bills are higher than the deceased's estate, then all of it will be taken, but the rest of the debt will be written off.

Note also that many countries have laws that consider it an attempt at fraud, for a terminally ill patient to sign all their assets over to someone else before death, to avoid the patient's debts being paid out of their estate, post-mortem.

Yes, because they admitted that the amount received was enough to cover your debt. They pretty much settled.

About $1.4 quadrillon as of 8/30/2009.

You can talk about Enron & Arthur Anderson. This is the mostinterestingtopic you can talk about.

Lawyers don't do foreclosure cleanups. Make sure your state laws don't require you to store items belonging to the mortgagor. The cleanup charges will depend on how much cleaning up is required and how many items of usable personal property you find that can be sold.

Don't trust foreclosure attorneys for legal advice. Their duty is to the bank or mortgage holder, not to you.

They can continue to call, but no court in which they would file suit would ignore the fact that you appealed the non-payment of medical coverage with the insurer. For the latter reason, I strongly doubt the collection agency will do anything other than continue to pressure you with phone calls -- meaning they don't have smart enough procedures to take into account the time for you to process an appeal with your insurer (or they believe you have enough liquid assets to pay the debt immediately).

The easiest way would be to make all the payments on time to the mortgage company or bank.