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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
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
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.
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.
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.
The word levy means to impose or place a tax or fine onto something. It also means to enlist someone into the military service.
Where is Euro made and printed?
The euro notes are printed in member countries. You can tell the origin of the note by looking at the first letter of the serial number. The first letter represents the country of printing.
{| !
| Z Belgium Y Greece X Germany (W) (Denmark) V Spain U France T Ireland SItaly (R) (Luxembourg) (Q) Not used P Netherlands (O) Not used N Austria M Portugal L Finland (K) (Sweden) (J) (United Kingdom) (I) Not used H Slovenia G Cyprus F Malta E Slovakia |}
If I have unpaid medical bills after death will my children have to pay the bills?
help them out by not leaving them in the dust because then that will happen and u wont have fun when they had the chocolate in the bars that tasted like honey and they also felt rough
Can credit card garnish your spouse wage if you had that debt before you got married?
Only if that person was also a co-owner of the card prior to the marriage. If you were the only owner of the card (and consequently the debt) prior to the marriage, then no, you are the sole owner of the debt.
What goes to third party collections?
If a payday loan is over four yrs old and is sold to a 3rd party collection agency, can they file charges on you for a Bad Check? Or can they just serve you to request payment? The original debt company says i no longer own them!
Yes the second collection will be placed on the credit report. But they will remove the first collection agency off the report. In some states it is against the law to be double billed by two collection agency for the same debt.
Am i responsible for deceased spouse medical bills in NJ?
Medical bills of the deceased are the responsibility of the estate. Anyone that was a co-signer on any of the agreements might also be responsible. Consult a probate attorney in your jurisdiction for help.
Do debt collectors have to provide consumers a toll-free number?
There is no requirement for a debt collector to provide a toll-free number, but most do, because it improves response rates.
If you sell a business does the business debt transfer?
This depends on the buy/sell agreement. If the agreement establish that the seller takes the liability to pay the debts for the business, then will not be transferred. But in other hand the business is sold with all liabilities (debts), then the buyer that acquire the business will be liable to the debt. Is good to establish the assets and liabilities that will go with the buy/sell agreement.
How much can a third party collection sue for on a credit card account balance of 2500?
It is probably unreasonable for them to expect more than the $2500 dollars you owed. Also, if the debt is several years old, though, you may want to check the statute of limitations for your state to see if you are still liable to pay it off. If your credit report shows that it has been charged off, do not pay them anything since it starts the clock again.
It's Factoring!
How much money does a debt collector make a year?
I make $18 a hour and average about $16 a hour in comission. So that makes a total of $34 a hour.
How do you do online payments?
Depends on what and where I am buying, but mostly I use paysafecard, which is a prepaid card. I don't like it when I have to give away personal details on the internet since I don't want to leave a track record of everything I do and buy... plus it's safer than using a credit card, which is what I use when psc isn't available as a payment option.
Will you be liable for missed payments after foreclosure?
You will not be Liable for "payments". Depending on your state laws, the lender may obtain a deficiency judgment against you.
If the house is a primary residence, you will not be sent a 1099-A nor, will the IRS receive one on you, unless you have a HELOC, Line of credit, or other type of lien. (Pool) In that case they can come after your for the entire deficient balance. You will not receive a 1099 in this case, you will receive collection calls and possibly civil liens, and wage garnishment. This applies even if you live in a non-recourse state such as AZ. If the property is an investment property, you will most likely receive a 1099-A for the deficiency, and they will try and collect that debt as well, as it is not covered under non-recourse laws. The only real way out of both of these actions is to file bankruptcy or to pay the debt off.
You can go to hud.gov (the specific URL is in the related links section) and find a certified pre-foreclosure specialist. HUD counselors work with you and your lender at no cost.
No, you do not inherit debt. Unless you choose to do so. The estate is responsible for ending the debt by either paying it off or showing the court there are no assets.
