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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 you use a judgment to garnish a person's tax refund in Ohio?
According to Ohio Revised Code Section 2329.66(3) you can. I'm tying to find out HOW to go about it though....you probably just have to get a court order to garnish the tax refund then send it to the ohio department of taxation before January. The code reads that you can take $400 from the state refund. Here it is:
The person's interest, not to exceed four hundred dollars, in cash on hand, money due and payable, money to become due within ninety days, tax refunds, and money on deposit with a bank, savings and loan association, credit union, public utility, landlord, or other person, other than personal earnings.
It depends on your state. You should definitely get a lawyer!
Which is one way that credit cards differ from debit cards?
With a credit card, you pay later for something you buy.
What are bad checks that customers have written?
Bad checks are checks that customers have written in payment of goods or services that, when presented to the bank for payment, are returned because there is not enough money in the customers account to meet the amount stated on the check. In some countries it is a criminal offense to write a bad check.
Are there state restrictions regarding talking to a spouse when a debt is concerned?
Yes. Minnesota, Iowa, and New Hampshire are spousal restriction states. A debt collector calls your house, and your spouse answers, they cannot discuss the account with your spouse, even if they claim they are your spouse. The reason is because anyone can claim to be your spouse.
Why do banks pay their customers interest on the money in their savings accounts?
The bank charged interest when it loaned that money to someone else. So in return, the banks pay their customers interest on the money they borrowed from their savings accounts.
What is the fastest way o get out of credit card debt?
Getting out of credit card debt can be a challenging process, but there are several strategies you can use to accelerate the process and become debt-free as quickly as possible. Here are some tips for the fastest way to get out of credit card debt:
Stop using your credit cards: This may seem obvious, but it's essential to avoid accumulating more debt while you're trying to pay off your existing balances. If you can't resist the temptation to use your credit cards, consider cutting them up or freezing them in a block of ice to make it more challenging to access them.
Create a budget: To pay off your credit card debt quickly, you need to know exactly where your money is going. Create a budget that includes all of your income and expenses and identify areas where you can cut back. Use the extra money to make larger payments on your credit card balances.
Focus on high-interest debt first: If you have multiple credit card balances, focus on paying off the one with the highest interest rate first. This will help you save money on interest charges over time and allow you to pay off your debt more quickly.
Consider a balance transfer: A balance transfer allows you to transfer your existing credit card balances to a new card with a lower interest rate. This can help you save money on interest charges and pay off your debt more quickly. However, be aware that balance transfer fees may apply, so do your research before making a decision.
Increase your income: If you're struggling to make ends meet, consider finding ways to increase your income. This could include taking on a side hustle, selling items you no longer need, or asking for a raise at work.
Remember, getting out of credit card debt takes time and effort, but it's possible. Stay focused on your goals, create a plan, and stick to it, and you'll be debt-free before you know
Make easy money check link in bio!
What number is 1 followed by a million zeros?
It would be 101000000 = 10^(106), but it has no formal name.
What are the services rendered by leasing company?
Financial Products and Services
Equipment Financing
Receivables Financing
Inventory Financing
Finance Lease
Operating Lease
Money Market
Is an IRA considered a liquid asset?
Yes an IRA is a 100% cash convertible liquid asset since there is no mandatory withholding. If you can't repay your IRA account within 60 days, it may incur a tax liability which would need to be worked out with the IRS when you file. If you have to cash out an IRA to meet emergency expenses and can't pay your taxes, the IRS will usually work out a "payment plan" and charge you some interest. Not optimal but technically the asset is super liquid.
What does it mean if the original creditor recalls your account from the debt collection agency?
Same thing happened to me..... what does this mean? I have not heard anything back from original creditor and was making timely montly payments to collection agency... I am confused and a little scared
That depends on the nature of the debt and the laws of your state. You should seek the advice of an attorney to discuss your exposure.
In New Jersey is the surviving spouse cars solely in the deceased names?
In New Jersey a car is the property of the person listed on the Certificate of Title. If the car is in the surviving spouse's name then it is not in the deceased spouse's estate. If the car was in the name of the deceased spouse, then it is in the decedent's estate, even if they both considered it to be the surviving spouse's car and was used solely by that spouse. The sole determining factor is whose name is on the Certificate of Title.
Can credit card company sell bad debt to a bill collector without notifying you first?
Yes they can, it just happened to me now i owe this money and i disagree with the charges but they say theirs nothing they can do about it because they are just a debit collection agency. That's Absurd that companies can actually sell debit to another company and you all of a sudden have to answer to their regulations and interest rates without being told prior to it. They also wont tell you about the charges they just try to get you to pay it.
unfortunately the one and only way to get rid of divorce debt is to have the other party to release the other from liability with the bank. Banks don't care what the judge says. You are still under contract. So call the bank(don't have the new spouse call either, way tacky). Call them and ask to end the joint liability if it's a credit card that is open it will be closed right away. Bottom line, it will remain on your credit report for 7-10 years if its paid off if released it will just say that you are no longer liable. The best thing to do is never get credit with anyone else. Divorce is nasty and why not screw your ex over when they don't pay child support on time?Or how about if you are happy and they aren't. Save yourself grief pay it off yourself. You will both have to sign the form. Good luck with that.
Can you do a loan modification after a foreclosure?
Have you just received a notice of default or has the house actually been foreclosed on? Loan modifications are something you do to try to avoid foreclosure. Depending on your situation, you may want to consult a loan attorney who specializes in loan mods. I've heard The Castle Law Group is supposed to be excellent. Their website is http://www.castlelawgroup.com. It's actually really informative and explains what loan modifications are and how they work.
Where can you complain about customers?
There is a site for contractors and businesses to share feedback about hard to please customers in their area on a site called Business Beware.
What does foreclosure in a house mean?
its like when you cant pay your rent in an apartment. the people that own it kick you out. or, in this case, the bank does it means that someone cannot afford to pay for their house. therefore the bank forecloses it or in other words takes it away and sells it for the remaining balance of the loan.
15
(15 * 15 - 15)/2 = 105
Who does third world debt effect?
It affects countries that have to pay other countries because they r so poor
You should speak with another disinterested attorney before you pay over any money. The statute of limitations during which the solicitors can bill you may have passed.
