Sentences with phrase «collect a debt even»

Not exact matches

Known as debt settlement, it's a process by which consumers stop paying unsecured creditors, wait months or even years until creditors have given up hope of collecting, then offer to settle outstanding balances for mere fractions of the amounts owing.

«Even though you are enrolled in a debt consolidation program, your creditors still have the right to collect and can bring a lawsuit to collect on these debts,» states Matthew Zimmelman, a bankruptcy attorney from the New York City area.

If your collection agency believes that it may end up getting nothing from you, accepting 50 %, 40 %, or even 20 % of the total balance today, instead of investing time and money over many future months or years trying (and maybe ultimately failing) to collect 100 % of the debt starts to sound appealing to the agency.

Insider tip on small errors on legitimate collections you really do owe: Even if a collection account is removed from your credit file, if your state's statute of limitations for collecting the debt has not passed, the collection agency will probably update its records with the correct information and report it to the credit bureau, where you will see the account reported correctly.

The settlement firm is not allowed to collect a fee for all these debts even after the first debt has been settled.

The Bankruptcy Discharge Applies Even To The Federal Government Creditors who attempt to collect on debts that have been discharged in bankruptcy often find themselves in serious hot water with the Bankruptcy Court.

You may even have the right to collect money damages and have your attorney fees paid if a debt collector violates your discharge

Even though the supposed debt collectors had Indian accents; and, in many cases the victims had previously paid the payday loan in full, more than $ 5 million was collected before the scam was busted in April 2012.

Did you know that even when you enroll in a debt consolidation program that collection agencies can still progress in their efforts to collect your debt.

This ruling gives a fair and equitable status to all creditors by removing the special privilege that the 407ETR was utilizing to collect on past debt even after your discharge.

Keep in mind, just because the debt may be outside the Statute of Limitations does not mean they can't try to collect on the debt or even sue you, it's a defense you can raise if they come after you.

Even though debt collectors have purchased the debt for less, they're still allowed to collect the face value of the debt.

There are even some companies which purchase past - due or default debts and then try to collect them.

A debt collector may not use unfair or unconscionable means to collect or attempt to collect any debt, even if the consumer truly owes the debt.

Here is your answer: (BUT YOU NEED TO FIGHT THE BASTARDS FIRST WITH A DEBT VALIDATION LETTER) Don't try to settle right away, they may not even have a legal right to collect.

I even get that other persons debt collector mail & its embarrassing no wonder they can't collect monies owed they are going after the wrong person.

Ending Wage Garnishments Some creditors use wage garnishment as a tool to collect your debt, as it gives them the power to take your wages before you even receive them.

Even if a collection effort began yesterday, the collection agency can attempt to collect the debt but they are prohibited from reporting the debt past the 7.5 year reporting period.

Our firm offers free case reviews at no cost to you to help protect your consumer rights anytime you: • Receive contact from a creditor or debt collector to collect a debt; • Receive unwanted computerized robocalls or texts to your cell phone (even after you've told them to stop); • Notice inaccurate information on your credit report (even after you disputed with the credit bureaus); • Obtain a loan, lease, or purchase an item on credit; • Enter into an autopay arrangement with a creditor (i.e., gym membership, car loan, etc.); • Purchase a lemon vehicle or other consumer product; • Need help settling debts for less than the full balance; or, • Have any other consumer issue you would like us to look into at no cost to you.

Now the debt collection company will have to provide items including the original agreement that you signed with the original creditor when you first applied for the credit card or loan, accurate and complete records and even proof that they're licensed to collect on a debt in your state.

Even though attempting to collect this type of debt is unlawful, there are debt collection agencies that try to collect these debts.

Creditors are keenly aware of the rules and regulations involved with bankruptcy so that is why there should be zero tolerance for any attempts to collect on your debts even after the filing process is complete and you receive your discharge.

Sometimes the debt collectors don't even have a license to collect on debt in their state.

Golden Financial Services Pro Tip: All debt, whether good or bad should be validated first to ensure all proper steps & procedures have been followed before even considering settling, why settle a debt, whether good or bad, that may not legally have the right to be collected on.

Mainly these are done by email (though sometimes its a phone call, letter, or even a visit in person) and no doubt all lawyers reading this will be familiar by now with the scenarios: an attempt to collect on a collaborative family law settlement, a commercial debt owing, or an employee injury settlement.