We have a 2nd mortgage and was charged off almost 20 years ago and now it was sold to another company .?

There is no settled answer. Some debt buyers acquire these loans and claim that they are entitled to collect the last 5 or 10 years' worth of...

Why is it hard to find an attorney to sue another attorney? Where is one to turn to for justice?

1. Did the attorney have any type of authority to cash the check? 2. Did the client or other persons entitled to the money receive it? If the...

My mortgage lender (2nd) has been applying my over-payment to interest. Can they do this?

Application of payments is governed by the note and mortgage. Generally a debtor has the right to direct how extra payments are to be applied. ...

I recently got summoned for Sloan debt?

Student loan debt? If you are being sued it is most likely a private student loan. Consult a consumer lawyer and have him/ her review all the...

If the debt is a retail installment contract ( you signed the papers at a car dealer) the statute of limitations is four years, measured from...

Selected as the best answer

Can gifted money be taken or reduced for a debt by a power of attorney of the person gifting the money?

If no court had determined that the $7,000 was owed, this is not legal. The authority of an agent (a power of attorney creates an agency) to deal...

Can I be charged for repossession twice on 1 incident ?

Repossession fees must be (1) incurred and (2) reasonable. Ask in writing for an account history and for copies of the invoices and disbursements...

Do I have case?

The bank is not required to do business with you. Unless the refusal is based on race, gender, etc., you do not have a claim because it closed...

If the "company" is a depository institution (bank, credit union, etc.), you owe it money, and the savings and checking accounts are held under...

Can you be charged fees or intrest on a closed/charged off as bad debt monthly?

Chargeoff is an accounting procedure designed to remove bad debt from the books of a financial institution so it is not counted as a valid asset....