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Is there any statuatory time limits in which a creditor can still collect its money from you?
Wiki User
∙ 19y ago
Yes. Each state has established laws for SOL's. You can find out the SOL is for your state by doing a simple search.... "state name" statute of limitation on debt.
Wiki User
∙ 19y ago
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Can a creditor become an administrator of an estate?
Yes, they can. Often a creditor will file for an estate so they can collect their money.
Make a simple sentence using the word creditor?
I owned a creditor.The creditor called me. A company you owe money to is called a creditor.
If you don't pay your attorney?
If you owe him money, he can use the same legal means to collect that any other creditor can use to collect his debts. He can sue and get a judgment against you and possible garnish your wages, etc.
What is the difference between creditor and debtor?
A creditor is someone YOU OWE money to. A debtor is someone who OWES YOU money.
Can the Judge direct his office staff to collect the money payable by the judgment Debtor?
The Court is not responsible for collecting judgments. The creditor is responsible for collecting on the judgment.
What is a Debtor and Creditor?
A debtor is someone who owes you money. A creditor is the person that lent the money.
Who are the parties to credit card?
There are basically two parties involved with credit cards - the creditor and the debtor. The creditor is the organisation who pays the shop or business the debtor (ie you) are buying from. They then collect the money from you in installments adding interest each month until the bill is paid.
Can you get sued over an unpaid credit card balance?
Yes. It doesn't matter how much the account balance is, it only matters if the creditor can collect the money owed after wining a lawsuit
What is debter and crediter?
A debtor owes someone else money. A creditor is owed money from someone else. So, a debtor owes a creditor. Or, a creditor is owed by a debtor.
Can debtors collect from a deceased's life insurance policy?
I think you mean "creditors," those who are owed money. Debtors are the ones who owe the money. In Texas, the proceeds from life insurance policies are exempt if a dependent is named as the beneficiary. Otherwise, the funds are not exempt. Of course, the creditor must know about the policy to collect from it.
What does it mean when a second mortgage goes to a collection agency?
It means the creditor wants its money and will pursue you in order that you pay that loan.It means the creditor wants its money and will pursue you in order that you pay that loan.It means the creditor wants its money and will pursue you in order that you pay that loan.It means the creditor wants its money and will pursue you in order that you pay that loan.
Demand for Money Owed?
Get StartedThe only permissible purpose of the Demand for Money Owed letter is for a creditor to collect debts owed to that creditor. The person preparing and signing this letter MUST be the person claiming the amount of money owed or be an employee or representative of the business claiming the money owed.If the letter is not prepared for this purpose, you may be required to comply with the stringent requirements of theattorney general's officeor a lawyer for additional information.
