Archived
3 years after laidoff from a company now closed, the bank automatically withdrew $ from my account for a debt of the company. ??
Eric's answer
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Answered on October 03, 2012
Mr. Eblen is correct. You need to determine whether you were obligated under the credit card agreement or if you were simply an additional card...
Archived
WAS THERE A NEW LAW PASSED RECENTLY IN APRIL OR MAY IN REGARD TO DEBT SETTLEMENT CO'S COLLECTING FEES IN CONN
Eric's answer
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Answered on October 03, 2012
You need to read the particular language of the law to which you are referring to determine if it has a retroactive application. Most often, such...
Archived
Can I be arrested for non-payment on a 2 different loans and not having some of my collateral items in possession?
Eric's answer
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Answered on October 03, 2012
In the US you cannot be arrested for failure to make loan payments. As well, the threat of criminal action against you is a violation of...
Archived
In the state of Alabama, when a person is repaying a loan to another person, is there a law stating a receipt must be given.
Eric's answer
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Answered on October 03, 2012
I have never heard of a receipt law. That said, if someone owes you money and they are willing to make payments on that debt, provided you...
Who is FURNISHER in the FCRA? Are Credit Bureaus required to verify a debt with original creditor or just the collection agency?
Eric's answer
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Answered on October 03, 2012
The furnisher is the party who reported the information to the credit bureau.
Archived
What recourse does a person/defendant have that is being sued by a credit card company for a 10 year old credit card debt?
Eric's answer
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Answered on October 03, 2012
The traditional statute of limitations for breach of contract is four years. If you are being sued on a ten year old debt, you should speak with...
Archived
How to prepare for pre-trial / settlement conference?
Eric's answer
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Answered on October 03, 2012
It depends. If you have the time, you should consult with local counsel for assistance.
Archived
Can a credit card company claim u owe money&just start reporting alleged debt to cra's after cra said none exists?
Eric's answer
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Answered on October 03, 2012
Ms. Bunce is correct. Creditors are not required to report and if they do report, mistakes can happen. The fact that a credit reporting agency...
Archived
I am in CA. Arrow Financial Services (Touhy, IL) took over a student loan debt I had negotiated. Now they are out of business.
Eric's answer
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Answered on October 03, 2012
More details are going to be required in order to provide you an in-depth analysis. Have your checks been cashed? Have you seen the endorsements?...
Archived
We have $69k in credit card debt and another $6k with store accounts. Should I stop paying them all?
Eric's answer
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Answered on October 03, 2012
My colleagues are correct. You can retain an attorney to act on your behalf with the regards to your creditors. The attorney can field the phone...
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