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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
It varies greatly on the type of job you have. However on AVERAGE it is about $6,000 a week for a middle aged adult with a college degree and a decent job.
That figure is way-off. That's over 300k a year which is in the top 1% in the US. The real average income depends on location, job, experience ect. The median income in the US is 57k annually or just under 1100 pre-tax weekly.
How long can a garnishment last in mi?
Typically garnishments last as long as the debt remains unpaid. Check the documentation you received from the garnish presenter and you should see your total indebtedness and subtract the payments you have made from it.
If no estate and husband dies is wife responsible for medical bills in Florida?
yes, the wife has to deal with the bills
Is a widow responsible for husband's debt in GA?
It depends if the dept was in both your names or just in his. If the widow co-signed for any of the credit she will be responsible. If the credit was only in his name, then no she is not responsible. Best advise is to talk to a lawyer
bank account -noun 1. an account with a bank. 2. balance standing to the credit of a depositor at a bank.
Is Colorado a closed border state for collection agencies?
No, Alaska, Arizona, Arkansas, Conneticut, Hawaii, Maine, Massechusetts, Luisiana, Maryland, Minnesota are closed border states.
What is Plantiff's motion for summary judgment in a foreclosure case?
The Plaintiff's motion for summary judgment is asking the court to rule on all pleadings that have been filed in the case. This happens if one of the defendants has filed an response or answer. The Plaintiff will usually ask for judgment when filing a motion for summary judgment.
How do residential contractors get paid?
Depending on the subcontractor, a written proposal for the work is accepted, and once done, an invoice is sent for payment. The contractor typically has a construction loan that these bills are paid from. The bank will inspect the work to be sure it meets specs and permits and then release the money for payment.
Your mom passed away this year and only made less than 5000 does she have to claim this?
My mom passed away in march. I am the exexutor of the will. She only took in less then 5,000. She paid no taxes out of that amount.
The estate is responsible to pay outstanding debt before being distributed to the heirs.
How do you negotiate my own debt settlement?
If you really want to settle on your own, you have to be stubborn, and be willing to let your credit score keep taking a beating. Once you have saved a lump sum (the percentage of the entire debt you'd be willing to pay to settle it) and call the debt holding company. Advise them that you're willing to offer x dollars to settle your debt. It's doubtful they'll say yes at first. They are trained and experienced at trying to get more money out of people.
If this is the case, be firm, and be willing to hang up and not pay anything.
Another good tip is to start with an offer lower than the maximum you'd be willing to pay. That way, if they say no, you can let them "convince" you to pay an additional amount.
Key is to be stubborn. Helps to keep in mind that many debt collection agencies buy these past due accounts for pennies on the dollar. They will often make a profit from you paying much less than the full balance of the debt.
There are settlement companies out there who can help you too. Do a google search, it will bring up hundreds. One I'm familiar with is swiftrock.com. Even if you don't go through them, they have a concise FAQ on their website with debt options.
Who is responsible for my mother's credit debt when she died with no assets?
Generally speaking, if your mother was the sole owner and user of the credit cards then you should notify the companies of her death. If she had no assets there is no estate and they are out of luck. However, her creditors may hire a local person to do an asset check. If they find any assets they will go after them.
What are the origins of debit and credit?
a debit card comes out of your savings and a credit card is something that you are billed with....lets say u bought a desk with a debit card an it costs u $50...that $50 comes out of your savings acount but if you bought that desk with a credit card you will be billed for $50 later in the month....its just better to use a debit card then a credit card...
How many credit cards does the average household have?
I would say the average household has 4 credit cards? One for the mom, one for the dad, and a business credit card for each.
That is wrong the average household has eight credit cards, and owes more than 8,000 on them. About 50 percent report having problems making the minimum payments on their bill.
If you recently deposited a personal check into your account, the bank will let you use $100 immediately by law. Until the rest of it clears however, it may show up on your bank statement as a "memo debit" until the check clears. For example, you deposit a check for $800. $100 is made available to you right away, but $700 will appear as a memo debit. Once the check clears 3-11 days later, that amount will disappear from your Pending debits and you will have access to the full amount of the check.
Your creditor made a mistake on your name can you tell the debt collector is not your account?
i was sued by citi bank and the wanted me to agree on a judgment so that i can continue making payment.
Can a creditor freeze your IRA account?
I don' t know about an IRA account, but a creditor cannot freeze or "attach" an individuals' social security or pension account in many States. If you can show that the bank "attachment" was either a SS monthly payment or receivables from a pension fund payout, the courts will declare the action invalid.
Don in Cherry Hill, New Jersey
How do you resolve a bank account levy with the IRS?
You pay the underlying assessment.
If they already went to levy an account, you may even be past the time you can protest.
If you ignore them long enough...THEY DO NOT go away!
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In my case, I didnt.
They took all the money out of 2 of my accounts. I contacted them and am working to file my back taxes. My CPA says after I do so, I will get a refund of the excess.
A levy is a 1 time thing. They did it to my account and I have since put money back in the account and they dont automatically get it unless they happen to do another levy. And they probably wont because I am not running from them anymore !
LOL
What is function of credit rating agency?
Credit Rating Agencies rate the credit-worthiness of securities instruments. The reason for doing so is for investors to gain confidence that what they are buying is what they think it is. The big players in the industry (pension/insurance funds) have mandates which prevents them from investing in securities below a certain rating. You could say that they act as a means of protecting society from excessive speculation using 'social' funds (pension/insurance) by fund managers who are out to speculate short term by taking excessive risk. Duncan of Canary Wharf
How old do you need to be to have your own bank account?
It doesnt matter. I had one before I was born.
x > $425.00
What happens when you close a credit card with a balance?
You cannot close it until you settle all your dues to the card issuing bank.
What does credit on debit card means?
Available credit or in general credit on a Debit card means - the amount of money you have in your bank account.
Lets say you have Rs. 10000 in your account then your credit is Rs. 10000 only.
