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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 a levy be put on a bank account containing va disability pay?

Yes, any assett you hold can be levied by court order. Once the payment is made to you regardless of where it came from, and once it is deposited into a bank account, it is your assett and subject to attachment. Mildly unrelated, if you have sizable outstanding debt with existing orders for payment or levy, your best bet is to stop using the account for savings, convert your monthly payments to check to you (as opposed to check to bank), and deal in cash transactions only. This is only a stop-gap method, but it may give you some breathing room.

In Colorado is a wife responsible for husband's credit cards if he dies?

I suspect that Colorado is no different than any other state. Credit card accounts are contract based. Those responsible for a contract are those who sign it. As long as the wife is not on the account, she cannot be held responsible for it. However, here's the hitch, in most states the estate of the deceased is responsible for any debt. All debts must be paid out of the estate before it can be disbursed to heirs. The wife being an heir, cannot receive any death benefits, insurance claims, saving or investment accounts, etc. until the debts owed are reconciled.

Can a joint bank account be garnished if it is for a minor?

Yes, regardless of whether the second person on the account is a minor, if the debt being recovered is the responsibility of the adult on the account, any funds existing in the account can be attached. There may be several ways to prevent this, but they would likely involve setting up some sort of trust or guardianship that would be cost prohibitive. Your best bet is to close all accounts in the name of the debtor.

Family Law Martial Settlement Agreement judgment recorded effect of later expungement is judgment sill in effect or is it as non existence?

i have a judgment aganst my exhusband but cant seem to get payment even thou i have been to court several times . tell me how i can get this.

Where can you get help to pay your bills?

you can get help to pay your bills almost anywhere. save up your Christmas money granny and gramps. you can go a long way with that. it seems like a lot to us kids because we don't have that kind of money. and some times your parents don't either so help them

Who is Vision financial collection agency?

Vision Financial called me and told me i opened some account in 1994 (which i don't even recall) and it went delinquent in 2006 and i owed them $2000. i told him to shove it as the statute of limitations in Texas is 4 years. he kept calling me a deadbeat and said he would mark my account such that they would "call to harass me every day at 8:00 am" and he hung up.

i called back and spoke to another person at that number and told them this was illegal and that they could sue me and i'd get a summary judgment in court but not to contact me otherwise. he was nicer and kept saying their goal was to "avoid litigation," of course because they can't legally collect the debt anyway. he put on his manager who was again a jerk and started talking crazy to me. i told him that if his company continued to call me to harass me (since i told them very clearly to sue me and i would see them in court) i would make it a point to go find their office/call center, fly there, and show up in their lobby.

he said "are you threatening us?" to which my reply was no not at all, but if you guys think this is funny to tell me you're going to call me and harass me i will make it my priority to find you personally and ensure you know how uncomfortable it can be when someone you're harassing knows you and your family's whereabouts.

i think they won't be contacting me anymore.

What is a know-nothing party?

Native-Born Americans who wanted to eliminate foreign influence.

What does one-party state mean?

One-party state generally refers to a single party dictatorship where there's only one party; for example, Nazi Germany was a fascist state that had the single nazi party and no alternative. The United States is multiparty state -- think Democrats and Republicans etc.

If the debt is not showing on your credit report do you have to pay it?

You still owe the debt but if it isn't reflected on your credit reports then it won't impact your FICO score which is what everyone bases the decision on giving a loan or not.

How do you collect unpaid debt from deceased father when estranged sister is executor?

You file a claim with the court (they should have a form you can use) along with proof that your father owed you the money. Once you file it the executor must pay the debt.

What metal is a 1p coin made from?

From decimalization until 1991, the 1p coin was bronze. From 1992 onwards, it has been copper plated steel.

Can a bank take money out a personal account to offset a joint account they misused?

Read your account disclosures. There may be a clause that calls for cross-collateralization or cross-account offset. If you misuse one account, they may have the right to offset funds in another account held by one of the responsible parties. For example, if John is a co-signer on an signature loan under account "A" that is held joint with Cindy and payments are not made, they may be able to reach into account "b" held solely by John and recover payments.

Why was the estate general held?

the estate-general was held to discuss the high taxes in France.

Do you have to let them garnish your wages?

Absolutely not, if we are talking about credit card or discretionary debt. You could pay the debt off before they do that, or as you agreed to do and they will not garnish your checks.

If we are talking about child support, most states now require that because of the large number of dead beets.

The other alternative you have if you are trying to keep a certain company from getting their money back is to give up that job and go to another. If you do this every few weeks they usually do not catch up with you. It is probably cheaper for you to pay back the money that is owed to these companies. There are charges for garnishment and interest that usually grows. Your credit will also suffer until you start paying your bills as agreed.

When a loan is in default does the lender have to notify the cosigner?

When a loan is in arrears (past due), the creditor has the legal right to contact the cosigner unless the loan is included in bankruptcy. The Fair Debt Collection Practices Act states this fact. The sole purpose of a cosigner/guarantor is to guarantee the loan, hence it is likely if no payment arrangements have been made by one, they will collect from the other.

What does an ad agency do?

An ad agency represents a business by way of creating ads, planning advertising, buying media and ads, and strategic planning. Bigger ad agencies take on bigger clients and keep them under retainer and uses the retainer to implement an advertising campaign. Where as a small ad agency will charge for one off items like websites, tv commercials etc.

What are the options for credit card debt relief?

See the following options for Credit Card Debt Relief :

~Credit Card Balance Transfer

A balance transfer is the simplest way to consolidate debts so you can find relief from numerous minimum payments that get you nowhere. If you decide to use a balance transfer, you must commit to paying more than the minimum on the new combined balance. To do this, total up all of the minimum payments on your previous debts. Now add an additional amount, whatever you can free up from your budget. Pay that entire amount to the new balance every month. With determination, you can probably pay off the entire balance before the interest rate offer expires.

~Credit Card Debt Consolidation

If you owe more debt than you can reasonably pay during the balance transfer offer period, you should consider a debt consolidation loan. These come in two forms: personal and home equity. If you don't own a home or your home doesn't have equity, then you should apply for a personal debt consolidation loan. Interest rates are higher than home loans, but lower than credit card rates.

~Credit Counseling

If you need help paying off your credit card debts, contact a local credit counseling service. The service will review your debts, income, and expenses, and work with you to create a payment plan. They may suggest a debt management plan. The service negotiates with your creditors to reduce your interest rates and set a fixed monthly payment. Once your debts are enrolled in the program, you no longer have access to the cards, which prevents you from creating new debt. In addition, you make a single monthly payment to the service, which then distributes it to your creditors as agreed.

~Credit Card Debt Settlement

If you owe significantly more than you can pay, and can't reduce expenses or increase your income any further, a credit counseling service may recommend debt settlement. Also called debt negotiation, debt settlement actually reduces your total balance due. The service contacts your creditors to negotiate a new lower balance and a new payment plan. You may either be required to make a lump sum payment or monthly payments. In most cases, debts can be reduced by 40%. Before choosing this option, remember that debt settlement may damage your credit and you may owe taxes on the unpaid amount.

Agency of social control?

Social control is of two types:

#1 Informal social control: Informal social control is "unofficial" and tend to occur in small groups. they are of 4 types:

*social rewards

*punishments

*persuasion

*redefined norms

#2 Formal social control: Formal social control is official and is carried out by enforcing laws and rules by the authoritarian agencies. they include:

*school

*mass media

*religion

*state

*family