Debt

The simple answer is yes if you have a collection entry. In most circumstances, it can be removed. That’s something you should do. In some situations, having a collection entry on your credit report may prevent you from acquiring a vehicle loan or a mortgage. First, let’s talk about what a collection entry is, how […]

You can be taken to court by a collection firm that has purchased the debt from the original creditor, as well as by the creditor itself. A debt of less than six months overdue is rarely taken to court. Although they may not intend to, creditors and collection agencies may still make the threat of

garnish your bank account without telling you of the application. A letter of credit is not required for the creditor to be Can a debt collector take money from my bank account without authorization? It’s important to remember that a debt collector would need a court order or permission from you before they can remove

For example, the Fair Debt Collection Practices Act (FDCPA) protects you from being harassed by debt collectors for any of the above-mentioned types of debt. Commercial loans aren’t. No. Unless you give them permission, debt collectors are prohibited from contacting you before 8 a.m. or after 9 p.m. If you’ve told them that you’re not

They also don’t want you to know that a creditor who successfully sued you for non-payment can’t use a judgment against you to continue collection efforts outside of your state. In order to transfer the verdict to another state, the process is extremely time-consuming and expensive. Can debt be collected from another state? Because California

If a creditor was garnishing your earnings prior to your job loss and you were getting unemployment benefits, you may be wondering if your benefits could be garnished. In a nutshell, your unemployment benefits are generally immune from being garnished. A creditor, on the other hand, may be able to garnish your benefits if you

Executors frequently call our office, concerned that they may be held responsible for the debts of their deceased parents or children. In the majority of these cases, the deceased was effectively insolvent because of their debts exceeding their assets. When administering an estate in Alberta, there are three general rules that all executors and administrators

States that apply community property principles instead of the common law when establishing who is responsible for a debt are termed community property states. Any debts that you or your spouse cosign for in community property states or common law states are your responsibility. Community Debts: Both Spouses Are Equally Liable It is also important

It signifies that the account has been written off by a lender or creditor, which means that the account is no longer open to new charges. The lender or creditor may send a charge-off account to a collection agency once it has become delinquent. In the event that you’ve missed a payment on one of

The limitation period begins on the date of your last payment, therefore it’s important to know this. If the timer hasn’t run out, you can go back to the original starting place. If you do one of the following: For this reason, debt collectors may often try to get you to make a token payment