The two main categories of debts and creditors are secured and unsecured. ... can't pay back the debt, a secured creditor can repossess or foreclose on the .... attorney or agency your debt is turned over to, may not sue you because they know ...
Mar 16, 2012 ... Your debt may be too old for me to do anything about it. ... “In some states, a voluntary payment on a stale debt can revive the debt and ... If you owe unsecured debt such as credit card debt, collectors must ... On the other hand, paying the collection account may stop the creditor or collector from suing you, ...
Mar 25, 2010 ... When it comes to debt there are two kinds of debt, secured and unsecured. Secured debt is a debt that is backed by some form of collateral.
Feb 24, 2014 ... If you're being sued for credit card debt, filing for bankruptcy can ... card company can attempt to change its position from unsecured creditor to ...
In addition, an out-of-state creditor is required to sue you in a court in your home ... before he will resort to a lawsuit, so most threats of suit can be safely ignored. ... big unsecured creditors) write off millions each year in uncollectible debt and ...
Oct 16, 2013 ... Credit card debt, unlike mortgage debt, is unsecured debt. ... will quickly try to transition from an unsecured creditor, who can't take your stuff, ... No lender is going to sue you after a few missed payments, but they'll definitely start calling. ... I currently have credit card company after me because I cannot pay.
Mar 26, 2013 ... “For example, you can say, 'If you have to sue me, your company will .... the length of time a creditor or debt collector can file a lawsuit against you. ...... Debt Collection Practices Act, whether that debt is secured or unsecured.
As a group, those who can't make minimum payments to their creditors don't have a lot ... Even the worst attorneys—and believe me, collection attorneys are the ... As long as creditors are making money by suing debtors they will continue to do so. ... As you know, if you have not made a payment on a credit card debt for 180 ...
If you pay less, you are "in default" and the creditor can take steps to collect the full ... As a general rule, no creditor may take your property without first going to court and suing you. .... Is there any way to stop a debt collector from bothering me?