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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 can they do when you have lost your job and can not pay your credit cards?

because no job no income now im the one undocumented person.i wiil facing any punishment to be serve to me.i didnt want to lost my job.what can i do now?

Why would someone have to owe the IRS?

Foolish planning an ignorance are the 2 main reasons. That tax is a fact of life can't really be reasonably considered to be unexpected to anyone otherwise.

Has the national debt ever been zero?

Yes, 1835 was the first time and perhaps again in the 1850s, but not since.

What is the difference between security and collateral security?

Security is broader, including guarantees etc. Collateral is something specific that can be seized upon default, like a house, car, or shares.

Is a wife who is not a joint account holder responsible for her husband's credit card debt in Illinois?

Illinois is not a community property state, therefore a spouse who is not a joint account holder is not responsible for the credit card debt of the other spouse.

Can your wife have your bank account frozen if it is your name only?

without knowing which country you are in I can not say yes or no, but..I am in a similar situation here in England.

My marriage broke up in May. My wife took the joint account with her as it received her salary, and i maintained my own account.

However, my wife decided to declare herself bankrupt and as a result, the joint account is frozen, my own personal account frozen, and furthermore an account in the names of myself and my mother also.

So, essentially i think the answer is..yes, but, not directly. It depends upon how your wife behaves in respects of any accounts where your names as listed together

How do you send a letter to collect a debt for your business?

(Your Letterhead)

(Address Element) (Date)

RE: Account # _________________

Dear Mr. John Doe:

This is just a reminder that your payment of $_________ has not been received by our collection office. If you forgot to mail us your payment, please send it today. If you have already mailed your check, please disregard this notice.

Sincerely,

Creditor Company (or name of business)

________________________________________________________________________________________________________________

(Your Letterhead)

(Address Elements) (Date)

RE: Account # _____________________

What are the costs and pitfalls of using a charge card a debit card and a credit card?

credit card:

no worries if card is lost all you have to do is annul it.

Debit card:

you have to be in charge

charge card:

don't really exist

I received a 1099-c in my deceased spouses name do you still have to claim this?

If when your spouse passed away, a Trust or an Estate was setup to manage their remaining assets, then you are required to file a tax return for the trust or estate and the 1099-c would need to be included on that tax return.

If no Trust or Estate was established, then you do not need to file an Estate tax return. Your spouse's final return would be processed either jointly with yours or individually depending on how you have historically filed and your individual tax situation. The 1099-C would NOT be included in that return.

In Illinois is the surving spouse responsible for medical bills if their is no estate?

The base assumption is always going to be that that the other spouse inherits the other's assets. But the estate has to liquidate all assets before they can transfer them to the spouse. One way or another, the spouse ends up paying the debt. The spouse has some right in all real property owned by the husband. If the assets are not enough to cover the debt, the real property may have a lien placed against it to cover those debts.

Conclusion of energy conservation?

the conclusion is sumthing which concludes so conclusion of energy conservation is to conserve energy fr futher generations.....:P;):)

1795 liberty coin value?

ALL coins in the U.S. have the word LIBERTY on them, and in 1795 ALL coins had a picture of Miss Liberty on the obverse side as well. Please post a new question indicating the coin's denomination.

Can you reinstate a home foreclosure although the court gave the bank judgment?

You can reinstate your mortgage after judgment was entered. The bank can move to have the court set aside the judgment.

What is the average paycheck?

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.

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

What is a bank accountant?

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.

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