How do I prevent a bank from turning over balance of negotiated debt to a collection company?

A settlement in full would mean that the settlement is in full satisfaction of the debt. There would be no balance to turn over to a collection...

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Private loan has matured unable to make payment

If they sue, you can hire an attorney at that time. In the meantime, you need to be looking to for a means of income. If you were earning a steady...

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Questions about credit reporting in New York State about removal of charge off and collections accounts and the 5 year rule.

The account is considered satisfied regardless of whether it was paid in full or settled in full. When you redispute with Experian, include an...

Is chapter 7 bankruptcy a smart idea for me if I am about 100k indebt and a full time student?

The best way to determine your options is to consult with a bankruptcy attorney in your jurisdiction. The consultation is usually free. Although...

In Washington State can a company put a negative on our credit report without bringing the bill to your attention?

One of the primary purposes of reporting a collection account is in order to collect an outstanding debt. If the collector is unaware of your...

Settlement of debt with creditor

They do have to tell you that your being sued, that is the idea behind being served with a summons and complaint. Upon being served you will have...

Can I add credit cards that I'm an authorized user on to a bankruptcy if I'm the one that ran them up?

You can add all debts for which you may have liability. This will discharge any possible liability you may have had in regards to repaying these...

My dad is trying to use the credit card debt I have been paying against me to get to my son

I don't see how this credit card debt relates to custody of your son. I understand that you opened the accounts under your dads name, and that the...

Can a lawyer intervene or intercept with a banks fraud department to avoid legal actions being taken against an individual?

I think that an attorney calling to ask that a potential criminal matter not be forwarded to the authorities may actually bring more attention to...

Is an American Express $25 gift card on considered a credit card or a gift card? Also if someone stole it and used it what are t

It is a gift card. If someone stole your card then you can call the police and report it to your employer.