Let us create a 3D eBook for you!
Let us create a 3d Digital eBook for you! DigyCat.com

Is It Possible to Be Sued For My Debts?


It is possible for creditors and third-party collection agencies to use legal means as a way to collect debts. The likelihood of being sued or having your wages garnished depends largely on the creditor that is owed money. It has been my experience that certain creditors are more prone to legal action than others.

Traditionally, creditors seek legal action only if there is a considerable lack of contact with regard to the account or if they feel that a consumer could simply betrying to escape their financial obligations. If the debtor currently earns a respectable salary, owns a home that has a sizable amount of equity, or can most likely afford to repay your current debts without the use of credit counseling, debt settlement, or bankruptcy, then there is a possibility that a judgment may be filed against you if begin to miss your monthly payments.

Additionally, for legal action to proceed, third-party creditors and collection agencies must retain the services of an attorney that is LICENSED in the state in which you live.

Even if legal action is pursued, a wage garnishment can take aconsiderable amount of time and depends upon your current employment. Many states have laws that stop creditors from being able to use wage garnishment as a means to collect debts.

Further, it is illegal for Debt Collectors to do any of the following:

Suggest that failure to pay your debts could result in arrest,jailtime, or wage garnishment

Contact consumers at their place of employment if they know theconsumers employers prohibited such calls

Talk with third parties, including family, neighbors, children, and employers, for purposes other than acquiring location information about consumers, without consumers consent

Engaged a person in telephone conversations, repeatedly orcontinuously, with the intent to annoy, abuse, or harass a the person

Threaten to take action with regard to filing a lawsuit when they do not intend to do so

Call consumers at times or places that they know or should have known were not appropriate

Fail to inform consumers of their legal right to dispute and obtain validation of their debts, and to obtain the name of the original creditor

Continue to try to collect debts after consumers have formallydisputed them in writing, and before verifying the debts

Use obscene or profane language with the intent to offend

If you wish to stop creditor harassment, you must also send a Cease and Desist letter to stop the communication.

Make sure you send it via certified mail with a return receiptrequest.

Alan Barnes
IAPDA Certified Debt Arbitrator
President and CEO of Debt Regret
http://www.debtregret.com


MORE RESOURCES:

Debt Releif - Google News

This RSS feed URL is deprecated

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news

How to manage student loan debt - WGN Radio


WGN Radio

How to manage student loan debt
WGN Radio
... Loan Debt Relief Consultants (SLDRC), joins Brian Noonan in-studio to discuss and to answer questions from listeners. Tanya Nichols is a former contracted employee of the U.S. Department of Education and a 20-year veteran in the financial field ...

Credit Utilization Rate Explained By National Debt Relief - Benzinga


Credit Utilization Rate Explained By National Debt Relief
Benzinga
Credit utilization ratio is an important factor in computing for credit scores and National Debt Relief explains it in more detail. The article titled "Understanding Your Credit Utilization Rate and How to Improve It" released February 14, 2018, helps ...

Credit Utilization Rate Explained By National Debt Relief - PR Web (press release)


Credit Utilization Rate Explained By National Debt Relief
PR Web (press release)
Credit utilization ratio is an important factor in computing for credit scores and National Debt Relief explains it in more detail. The article titled “Understanding Your Credit Utilization Rate and How to Improve It” released February 14, 2018, helps ...

and more »

Debt settlement: For financial wrecks only? - USA Today - USA TODAY

Tax Season Tips Shared By National Debt Relief - Benzinga


Tax Season Tips Shared By National Debt Relief
Benzinga
Tax Season can be a stressful time for a lot of people that is why National Debt Relief aims to help consumers with some valuable tips to look into.The article titled "10 Easy Tips To Keep You Stress-Free For Tax Season" released February 12, 2018 ...

Debt Elimination Tips Shared By National Debt Relief - PR Web (press release)


Debt Elimination Tips Shared By National Debt Relief
PR Web (press release)
Debt elimination seems to be an ever-moving target for a lot of people this is why National Debt Relief aims to give tips to make it a lot easier. The article titled “Helpful Tips to Eliminate Your Debt in 2018” released February 5, 2018, shares some ...

Debt relief company returns money to FTC, refund checks in the mail - KOMO News


KOMO News

Debt relief company returns money to FTC, refund checks in the mail
KOMO News
If your credit card debt is out- pacing your ability to keep up with payments, reputable credit counseling advocates say debt relief companies should be your last resort. "People jump right into the first solution that looks like it's best for them ...

Consumer Catch-up: Distracted driving penalties, anonymous employee app, debt relief scam - KGO-TV


KGO-TV

Consumer Catch-up: Distracted driving penalties, anonymous employee app, debt relief scam
KGO-TV
Michael Finney and 7 On Your Side have consumer stories you should know about for Tuesday, Feb. 13, 2018. (KGO-TV ). KGO. By Michael Finney. Tuesday, February 13, 2018 05:08PM. Senate bill would crack down on distracted drivers. A new Senate bill would ...

Cuba Creditors Offer 'Very Significant Relief' in Debt Proposal - Voice of America


Voice of America

Cuba Creditors Offer 'Very Significant Relief' in Debt Proposal
Voice of America
Cuba's commercial creditors have offered "very significant debt relief" in a proposal sent to cash-strapped Havana in late January, according to two advisers to the group, in a sign that holders of the defaulted debt are ready to ramp up the pressure ...

and more »

LargeFriends.com - the best dating site for plus-sized singles!
SuccessfulMatchCentral.com - the best dating site for plus-sized singles!

PreLaunchX

PrimeNews Domain Is For Sale - $5,000 For Enquiries eMail Us

© www.PrimeNews.biz - 2012

home | site map | links