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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

Are the heirs responsible for credit card debt in the state of pa?

Not on a personal level. Typically the estate is responsible for paying the debts, including the credit cards. If an heir co-signed any paperwork regarding the credit card, they may be held liable.

Can you sell a house in foreclosure?

Yes, as long as the sale is complete and the mortgage (including unpaid interest and penalties) is paid off before the date of the Trustees Sale.

What rights do you have to stop receiving bill collector calls at work?

If they are calling from a 3rd party collection agency, all you have to do is ask them not to call you at a specific number, and by law they can't.

That is not always the best thing to do, however. If you limit they amount of access they have to you, they are more likely to consider your account for lawsuit.

Will the IRS levy the bank account of a dead person who owes them?

Possibly...if they are contacted by the estate and believe the estate will resolve the matter before distributing the assets to others, it becomes less likely.

How old does your credit card debt need to be in order to not collect?

Hello,

Please search in google for State Statute of limitation.

I could have answered that, if i knew which type of contract you have along with your state.

You should get the answer, there are a lot of websites that have State Statute of limitation.

If it is past SOL (Statute of Limitation), then they cannot take legal action against you.

Make sure to count the years correctly, The clock starts ticking when you make the last payment. The clock reset if you make a single payment during years.

For Example:

If you debt in 2004, never paid them......... but in 2006 you paid them $200, just to get them off your back.

If this is the case, then the clock resets and you SOL time would be counted from 2006.

Thanks!

What is assignment of bid in foreclosures?

During the foreclosure process, auctions often take place for lenders to recover funds initially lent in a quicker manner. Following the auction, the intended purchaser is "assigned a bid" as this is an acknowledgement that the title of the property is changing ownership.

What is a driftwood collector called?

a lumber jack is a person who cuts timber in Canada.

i want to know what a person who collects driftwood from the sea is called.

A driftwood collector is a beachcomber.

Would you find net trust credit card?

This Company is run by the same people who offer the Horizon Gold Gard - also a scam. Look them up under that or Hallmark Bank & Trust. Looking up Hallmark will give you all the info. you need. And while you are at it - google the owner of Hallmark. Please folks -DO NOT DO BUSINESS WITH THEM - THIS IS ROBIN HOOD IN REVERSE. Their other card is the Compass Card. All looks legit on the surface but they will drain your account and pretty much fom folks who can least afford to have this happen to them. Go to ComplaintsBoard.com and look up Horizon Gold Card complaints - you will see that the only place card can be used is at Horizon Outlet online Store.

How long after a foreclosure can you buy a home?

If your home is foreclosed you won't be able to qualify for Fannie Mae and Freddie Mac for a least 5 to 7 years. Just so you know that this two company are the reason why majority of the home went in foreclosures. Save up enough cash and paid for the rest. Thanks to them!

Must the debts of the deceased be paid out of insurance funds prior to the distribution?

If the insurance is made payable to the estate then the debts of the decedent must be paid before any distribution to heirs is made.

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