Sentences with phrase «uncollectible by»
The debt buying industry continues to grow and often the debts they are collecting are erroneous and uncollectible by law.
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If the lender hasn't been to court and won a judgment by the end of the limitation period, the debt becomes legally uncollectible.
Any law firm or third - party debt collection company must abide by these rules and provide the necessary documentation and accurate information to validate, verify and prove the validity of an alleged debt — and if they can not the debt may become legally uncollectible.
The debt becomes «legally uncollectible» if the debt collection company can't prove that they are abiding by all of the laws and maintaining accurate paperwork on your behalf.
Once you fall behind on a credit card payment by more than 4 - 6 months, the bank will write - off the debt as an «uncollectible debt.»
If we find out they are violating your rights, or if they can't prove they're abiding by all of the federal laws, your debt may become uncollectible.
Handled the reduction of uncollectible accounts receivable while maximizing revenue by implementing an accurate billing system for service rendered.