Can a collection agency get a warrent for my arrest?

You cannot be jailed in michigan for failure to pay a debt (except for certain court ordered items). The collection company violated the FDCPA. You...

I'm told my private loans for college are deferred for 10 years and I've only been out of school for 4 yrs but people want to

I am sorry to have to tell you but private student loans do not get the same benefits to manage them as federal loans. The lender may grant you a...

What happens to the deficiency when the bank places a full bid at a sheriff's sale?

The price paid at the sheriff sale if technically your redemption price should you wish to try and retain the home. At this point there is no...

Creditor is suing my husband in Michigan

I am sorry but the statute of limitations (SOL) in the State of Michigan for credit card debt is 6 years. The SOL period begin the day after you...

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If I have a customer on a payment plan with 12 post checks and they just stop payments, what are they guilty of?

Really need to know more about the agreement you had with your clients. Not paying on a contract is not, in itself, a fraud. Preconditions based...

Should I bring up discrepancies in balance owed during debt negotiations??

Have you requested a "proof of claim" from the creditor. The account stated should be detailed and represent what the creditor is seeking to...

DOES THE MORTGAGE COMPANY HAVE TO ACCEPT MY APPLICATION FOR A DEED IN LIEU?

No. There is no law in Michigan that requires the lender to accept anything other than the payment they are legally entitled to. Deed in Lieu or...

If the creditor has a judicial lien the lien can be applied to all assets you own until the lien is satisfied. In the case of your house your...

On first fraud offences over $5,000.00 what is the standard punishment?

Whether you have an written agreement or not you may have an agreement via promissory estoppel. More information is needed however. You need to...

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How far in advance can a creditor initiate a judgment renewal?

The creditor can file for a renewal any time before the original lien expires which is 10 years. The renewal period is 10 years too. If the...