A phone bill 8 years old and a collections agency trying to collect do you pay it?
pay it or the penalty will only get higher
When is a debt written off in the UK?
In the UK, debt is written off when the financial burden is simply too much for the person or company. Debts are also forgiven when a person is seriously ill or has passed away.
How much can a company garnish your wages for?
The state orders the garnishment, not the company, but they can take every penny.
Are you responsible for your spouses credit card after her death?
If you were not on the card agreement and were never added to the account, you are not directly liable. HOWEVER, the decedants estate or your assets as under community property might be at risk should the creditor seek court action. A creditor may sue to obtain a judgment against the estate, which I assume was 50% yours and is now 100% yours. If the home or assets are in Trust, this may offer some protection.
Can you dispute the validity of a debt at any time?
The FDCPA says you have 30 days from the date of the initial letter you are sent to dispute the validity. This is known as the validation period. I don't believe many agencies would not deal with a dispute at any time of the debt though.
Is a foreclosure an arm's length transaction?
Typically foreclosures are not considered to be "Arm's Length" as one of the parties is acting under duress.
Can you sue a collection agency for harassment?
I think you are technically allowed to sue anybody for anything. That does not guarantee it you will win the court case, however.
Can life estate property be taken if there is bad credit card debt?
A life tenant does not own any fee interest in the land. They own the right to the use of the land. Therefore, it woudn't be worth anything to a creditor. In addition, there are obligations associated with a life estate that vary from state to state. If the creditor siezed the life estate it would also acquire those obligations. You should consult with an attorney in your jurisdiction if your question involves an actual situation. In that case you need to know how the situation would be handled under your state laws.
Will a collection agency sue for 1200.00?
Yes, many have a $1000 minimum. Best to try and settle the account or negotiate a payment plan before it goes that far.
What is a motion for summary judgment in a foreclosure?
A summary judgment motion tells the court that based upon all the pleadings filed in the case, there are no issues of fact for the court to resolve at a trial, and that the plaintiff is entitled to a judgment without a trial, as a matter of law.
Discuss the rights of surety against the creditor and the principal debtor?
rights of surety against principal debtor and principal creditor
A foreclosure occurs when a homeowner defaults on their mortgage payments, and the bank sells the house in order to get it money. The homeowner has the right to redeem the house before the sale, in most states.
Can you charge interest on money owed to you?
Under the late payment legislation,if you are in uk,you can.
and here's the link through which you can even calculate how much interest you can charge.
http://www.payontime.co.uk/calculator/statutory.html
Lowell Portfolio is a company that specialised in the purchase of old and statute barred debts and then try to collect on them. They have featured on the BBC Watchdog program for making claims against persons who have no debt and for non existant debts.
They harrass and demand money with menaces and without any proof that any debt existed at all.
Difference between debit and credit card?
credit card means post paid card
debit card means pre-paid card
After a spouse passes away is the surviving spouse still considered married?
In most civil marriages, the marriage celebrant says "till death do you part".
So I believe once death divides the marriage, you are no longer a married person.
If marriage is to endure beyond the grave, God's authority must be needed for this to happen. A civil marriage celebrant doesnt have the authority to bind two people beyond the grave, only in this life.
How long does a collection agency have to validate debt?
30 days from the time the debtor requested written confirmation.
What happens if i dont pay airtel postpaid bill?
hai i hv one airtel postpaid connection.i got the bill amount of 4500 rs,for me it is difficult to pay the bill.meanwhile i got a call from airtel customer care,they said that they are sending legal notice.is there any problem for me if i not pay the bill.
A late husband is a dead husband. Late means dead in this context.
You are a minor are you responsible for your deceased fathers debt?
Your father's estate is responsible for his debts. If he owned any assets when he died his estate must be probated. You should speak with an attorney.
How can banks afford to pay interest on their customers savings account deposits?
The bank does not just hold on to the money you retain in your savings account. Instead, they offer loans to other customers using that money. The loan customers pay an interest to the bank and the bank in turns offers the savings account holders an interest. Since banks make money by lending our money, they offer us an interest.
What happens when the city puts a lien on your house for unpaid taxes?
Eventually the city will take possession of the property and sell it.