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Peter Stanton Grain

Peter Grain’s Answers

6 total

  • What is the minimum amount owed that is allowed to be sent to collection?

    I need to know if there is a minimum amount allowed by collection agencies. I am being threatened for $10.00. I do not want to see my credit rating tarnished. But I do not believe I owe the $10.00

    Peter’s Answer

    Unlikely that a $10.00 claim will be placed for collection. However, some agencies must take any amount pursuant to agreement with their client/creditor. I would make sure to report the debt as Disputed with your creditor in writing. List the reasons for the Dispute. Any credt reporting agency will have to list the debt as Disputed. One Disputed item on your credit report for $10.00 should not effect your credit score very much.

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  • When served with paper to appear in court are they supposed to serve you or can they drop it off to anyone in the household?

    the summons was dropped off to my landlord so it can be given to me,so now my landlord knows i am being sued, also it was delivered after the 30 day limit that it states on the document. when i go to court what can i do?

    Peter’s Answer

    The minimum age for abode service is 13 years old.

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  • When served with paper to appear in court are they supposed to serve you or can they drop it off to anyone in the household?

    the summons was dropped off to my landlord so it can be given to me,so now my landlord knows i am being sued, also it was delivered after the 30 day limit that it states on the document. when i go to court what can i do?

    Peter’s Answer

    Third party service on your landlord not complete. In IL service is accomplished by the process server handing you or any immediate family member living in your home that is 18 years of age or older the summons and complaint. The former is called personal service the later abode service. Best Regards, Peter S Grain Esq E-mail iccgrain@aol.com Tel 847-843-2920

    This is not legal advice, should not be relied on and no attorney-client relationship has been estalished.

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  • I was talking to a debt reduction firm, sounded good, gave them my info,only thing left to do is a compliance call,can Iback out

    I need to know if I have to use this company if I filled out papers with my account #'s & bank info but did not complete a compliance call. Can they withdraw money from me

    Peter’s Answer

    As a consumer in IL, you have three days to cancel. Suggest you phone, fax, e-mail and write letter certified mail that you cancel. Suggest you open new bank account to protect funds. If you have problem with debt reduction firm, suggest you contact an attorney. Best Regards, Pete

    Asset Protection, Debt Settlement and Bankruptcy Attorney- IL License

    This is not legal advice, should not be relied on and no attorney-client relationship has been established.

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  • I received a phone call from a collector for a NICOR gas bill not paid from 1996 or prior. Is there a statute of limitations?

    Is this just someone trying to collect on an old debt. We have not lived in an area requiring gas since (all electric). Do we still have to pay this?

    Peter’s Answer

    Since this debt is over 10 years old, it would appear the statute has run unless you made payments within 10 years. A good attorney would ask for a copy of the written agreement, detail all contact from the debt collector to make sure no Federal or State laws have been broken. Best Regards, Pete

    This is not legal advice, should not be relied on and no attorney-client relationship has been established.

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  • Can this debt be discharged in a bankruptcy?

    I attended a private university as a non-degree student for two years. (biggest mistake of my life) I ended up with 15K in tuition debt (not loan). The school sold the debt to a collection agency which tacked on an additional 5K bringing the total...

    Peter’s Answer

    Although the debt is not dischargable in Bankruptcy that does not mean you cannot make an offer to settle for less than the full amount. If a third party debt buyer purchased the debt, they may be willing to accept much less if you make a lump sum offer. Free Consult and competitve quote.

    Best Regards,

    Peter S Grain Esq Tel 847-843-2920 Fax 847-843-3626 E-mail iccgrain@aol.com Website http://internationalcreditcorp.homestead.com PO Box 3617 Barrington, IL 60011-3517

    Asset Protection, Debt Settlement and Bankruptycy- IL Licensed Attorney

    This is not legal advice, should not be relied on and no attorney-client relationship has been established.

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