Topic: Creditor Refuse Payment from Consumers
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Answers to Common Questions
What would your recourse be if a creditor refuses payment in the ...
Threaten his family a little. Read More »
Source: http://wiki.answers.com/Q/What_would_your_recourse_be_if_a_credit...
Why would they, at the interest they charge? Creditor refused pay...
Quoting WonderingWhy: I live on the AR/OK state line, and there are what I call loan shark companies in OK. I am TERRIBLE with my money, so I often need help. Here's what happened to me today. The name of this company is world Acceptance in... Read More »
Source: http://www.askmehelpdesk.com/other-money-services/creditor-refuse...
What can I do if a payment I made to a creditor is refused?
I don't think you are telling the whole story If you defaulted on your payments and the company declared the entire amount due and payable... then offering to make a payment will NOT free you from the obligation to PAY that bill. The compan... Read More »
Source: http://answers.yahoo.com/question/index?qid=20070611130459AAxWta4
More Common Questions
Answers to Other Common Questions
First document all your calls. I hope you have dates and the names of people you spoke to. Second, you send a letter to the creditor telling them that you have been trying to get this straightened out since day 1. And that you are very upse...
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Source: http://www.askmehelpdesk.com/other-law/creditor-refuses-payment-3...
You can explain carefully that your have no assets and that they can either accept the reduced payments until the balance is paid off or they can make you bankrupt and receive nothing ..
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Source: http://uk.answers.yahoo.com/question/index?qid=20081030160716AANX...
Information on tactics. Includes sample letters that you can use to write to creditors who have refused your offer of payment, or who have refused to freeze the interest on your account. National Debtline www.nationaldebtline.co.uk/england_...
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Source: http://advicenow.org.uk/infoset.html?Pterm=com.othermedia.advicen...
The creditor has an affirmative duty to engage in prudent underwriting. 5 Thus, the creditor should consider factors such as the loan-to-value ratio and the borrower’s debt-to-income ratio or residual income—all as of the time of consummati...
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Source: http://federalreserve.gov/boarddocs/CALETTERS/2009/0912/caltr0912...
