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Posts Tagged ‘creditor’

www.debtconsolidationupdates.com With the economy in trouble and more layoffs being announced every day, many people are looking for ways to stay out of trouble with credit card debt.

How big is the amount before the bank can sue a creditor? I hope the answers have legal basis. Thank you.

My elderly parents have run out of money. My father has terminal cancer with just a few months to live. He has written to his creditors to inform them that he has no money and can no longer make his monthly payments. He hasn’t actualIy declared bankruptcy though. I have a joint checking account with my parents. The reason is that I lived overseas for many years, and I would deposit money once in a while in the account, and my father would pay bills for me. Could a creditor come after me to pay my parents’ debts? Am I liable in any way?

A debt collector sent me a letter asking for 0 for a broken contract from a satellite company. The debt collector says that I broke a contract with the creditor when i cancelled my Direct tv account. The reason being that they installed the satellite free of charge because of a direct tv promotion which gave me free installation. Now this satellite company is wanting me to pay for the installation fee. I wasnt at my apartment at the time of installation so the company left the contract stating this fee would be charged to me if a cancellation in contract occurred. I have the contract and it is not signed by me. I was wondering what i should do during this 30 day window? I guess i should send a letter asking for verification? How can i verify the account #? Any Advice would be appreciated.

What is a good debt consolidation company that will negotiate what you owe by negotiating with the creditor, and then you owe less than before to each creditor, but you owe them for one big new loan , to them for paying your debts?
So they are getting your debts down by negotiating and then give you a consolidation loan to cover the amount owed to them now?

Unfortunately I have allowed a number of small (under ,500 total) creditor accounts I’ve had in the last two years to be charged off. I am trying to clean up my credit and am currently on a two year plan. I have current debt also that I’m paying on time. My credit score is low…524. Should I pay current debt first? And how do I handle the charge offs?

www.debtconsolidationupdates.com Let’s start this post with the simple fact that not all credit debt consolidation services are created equally.

A family member has me on their checking account, an account that I have never used, knew of or requested. I live in another state from this family member and have for the duration of years this account has been active. This person has now acquired several debts and although my name is not attached to those debts, I am gravely concerned that my name is on this person’s checking account. Am I accountable in any way in the creditor’s eyes? Please cite your answer if possible.

A finance company gave me checks to pay off my credit cards. The checks said pay off and the amount owed. I checked one creditor online to see if it had gotten there yet and it had been paid just over the amount due as I had sent a payment just before. but it also had an amount due. Due I need to cancel this card myself? should I? or should i leave it and try to use it to get my credit score better?

Do debts go to one collection agency to another without going back to the original creditor? or after a collection agency can’t get your money do they just sell it to another collection agency? or does it always go back to the original creditor after the collection agency fails to get the money?