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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
In Texas is the surviving spouse responsible for department store debt still owed?
Texas is a community property state therefore a surviving spouse usually can be held liable for debts solely incurred by the deceased spouse. Exceptions can be made to this law based upon the circumstances of individual cases
Can you get something from eBay shipped to someone else?
Sure, as long as the seller accepts that delivery address and billing address are different.
Can money in a savings account be attached to satisfy debt?
Yes. Any money in your savings account is your property and it can be used to pay off any debt that you have.
You want to marry someone who owes IRS penalties and interest How do you protect yourself?
Understand that the IRS is going to collect what it is owed.
If you marry this person, that is going to affect you directly or indirectly.
To the extent that your spouse's income is going to pay taxes and other debts, your spouse cannot help pay the rent/mortgage, utility bills, car payments, grocery bills, credit card bills, and so on. YOU are going to have to pay more than your fair share of all of the other household expenses and live a poorer life because your spouse is going to be spending all of his money paying back his debts.
And people seldom have just a tax debt. If he is so far behind in taxes, he probably has a bunch of other bills, maybe many that you don't know about, that he is going to have to pay off too.
So, do you really want to spend the rest of your life (till death do you part?) carrying your spouse and paying their bills?
Why the rush to get married? Is there some sort of marriage emergency? Open your eyes. When you marry someone, you get them and all of the good and all of the bad. You have to assume that the baggage they bring with them (financial and non-financial) is going to become your problem, too. Why don't you give this guy/gal some time to straighten out their finances and show that they can be responsible before making the commitment?
OK. So you've decided you're going to get married anyway.
As far as taxes go, the most important thing you can do is to make sure you are NOT getting a refund at the end of the year. If you don't have a refund coming, no one can take it away from you.
Most people get a refund. They get a refund because they pay far more tax every week from their paycheck than is required. At the end of the year when they add up their taxes, the total is far more than was required and then they rush to file their taxes and get a refund of the overpayment.
Reduce the amount of taxes being withheld from your paycheck. Get a new Form W-4 from your employer's payroll or HR office. Claim more withholding allowances. (Hint: Form W-4 asks for withholding allowances, not exemptions. Most people mistakenly think they have to fill in the same number of withholding allowances as exemptions.)
Claim enough withholding allowance so that at the end of the year you are not getting a refund and so that you don't owe the government more than $1000.
If you want to see how much tax will be withheld by claiming different numbers of withholding allowances use this calculator:
http://www.paycheckcity.com/NetPayCalc/netpaycalculator.asp
If you are eligible for the Earned Income Credit (EIC), ask your payroll office for Form W-5 in addition to W-4. Filling out W-5 will allow you to receive a little bit of your EIC payment with each paycheck instead of in one big lump sum at the end of the year.
If you have a refund coming at the end of the year and file jointly, the IRS will take your refund and use it to pay your spouse's taxes. You can file separately to avoid this, but filing separately will cost you a LOT more taxes (so you lose either way) and you will be ineligible for certain benefits such as a Roth IRA, thus hurting your future.
Alternatively, you can file jointly and then file an injured spouse relief form. The form is rather complicated and it will take months to process. But they will return the overpaid taxes attributable exclusively to your income. But, again, you can skip this step if you don't overpay your taxes in the first place.
And, finally, visit a good family law attorney before you get married. Get a strong pre-nup drawn up. Financial problems are a leading cause of marital discord. If you don't want to end up having to pay your future spouse's bills long after the marriage has ended, you need to get a pre-nup in place before you get married.
What credit card companies allow authorized users?
As far as I know these credit card companies will allow authorized users to be added.
1. CitiBank
2. Barclays
3. CapitalOne (some cards)
4. Bank of America (some cards)
5. USAA
There may be more but these are the ones I know about.
If a person dies without assets but with debt must survivors pay debt?
A person's estate is responsible for their individually incurred debts. If there are no assets then the estate is declared insolvent and the creditors are out of luck. Some people think of assets as only being money in the bank. Perhaps you should speak with an attorney to verify that there are no assets and that the creditors are out of luck.
Can you do a debt settlement if there is judgment against you?
Yes!!
you can settle your debt before, during, and after litigation.
If you decide to enroll in a program, be leary of any that don't disclose information to you.
generally a good debt settlement company will require extra steps from you prior to enrolling a legal/judgment debt.
A bad debt settlement company will take your debt no questions asked.
Circulating US coins are made in Philadelphia and Denver. Proof coins are made in San Francisco and bullion coins are struck at West Point.
Other mints, now closed, were located in New Orleans, Carson City, Charlotte, and Dahlonega GA.
How can you tell if the IRS levied your bank account?
Check your bank balance online (if you have online access) or by phone (if you have bank-by-phone service) or call your bank and ask.
Can you be arrested for not paying your apartment debt?
Yes you could be arrested for not paying your apartment debt.
euros were made when west Germany and east Germany were reunited !
Why did the US freeze German assets?
Hitler had invaded Norway and the Low Countries, but there was not enough popular support for a military intervention, so Roosevelt hoped to damaged Germany's economic standing to discourage further conquest.
What is meant by outstanding bills?
Outstanding bills are bills from before the current one which have still not been paid.
Can people take your bank account just by having your bank account number?
No. Your bank account number appears in your personal checks, so it if could be done nobody would be able to pay for anything with personal checks. The person must know several other things about you to be able to steal your bank account such as:
Your full name
Your mother's maiden name and sometimes your father's name
Your birthday
Your social security number (your passport or personal number depending on your country)
Your identification number (from your ID card)
Your address
Place of your birth
Some banks are more strict than others, but generally they'd need to know your full name, birth date and social security number in the USA. So do not worry, unless you lost your wallet and someone should find it or someone that knows you very well (an ex-spouse or sibling) you should be pretty safe.
Fight your Lender. Don't let them intimidate you and ultimately take your property. These lenders are foreclosing Illegally. bank of America was going to foreclose on me. I was 18 months behind and had a sale date in 3 weeks. A buddy of mine told me he talked to Vic at Lighthouse Consulting Group. Vic got my sale postponed and now I'm suing my lender for eight separate complaints. if your facing a foreclosure and don't know who to talk to you've got to call Vic. He was awesome and explained everything in simple terms. 714 486-0654
How did the US go from being a Creditor nation to a debtor nation?
The failure of Reagonomics, also known as "Supply Side Economics", or "Trickle Down Economics"
What is Writing Off Bad Debts?
This is an accounting concept. Ordinarily, debts( promissory notes) owed to you are assets- representing money that you will be able collect at some point, or sell.
Writing off a bad debt means that you consider the debt to be noncollectable -- the person that owes you is never going to pay and so your note is worthless and should be "written off" as an asset. Some tax advantage may be derived from this write off.
How do you file a lawsuit for a wrongful foreclosure?
what are the forms needed to file a wrongful foreclosure lawsuit There are no forms. A foreclosure is not filed in a small claims court, so strict rules of civil procedure apply. In other words, you will need to act like a lawyer and will be held to the same standard in all rules of court as a licensed lawyer would. Normally, any defense you would have to the foreclosure, would be expected to be pleaded in the original foreclosure suite. If based upon facts that were only discovered after the final judgment, you might be able to sue but, again, you would need an attorney.
