On the other hand, I can purchase debts (since they're a transferrable instrument) and pay a collections agent to collect the debt for me. If I were to purchase JoeBob Achinback's debt as a part of a lot sale of junk debts, do I have to collect or sue, or can the instrument be transferred to...
It's clear that debtor accounts are transferrable or assignable, and are sold all the time. I can find dozens of clearing houses for actionable debts with just a few words dropped into Google...
Are there any restrictions on who can own a debt?
Can a person purchase their own debt accounts...
After I posted this, I called the bank. They made a quick call and got lucky contacting the bank's legal department.
A canceled check is evidence and with the banks record debiting the appropriate account, it is legal proof of payment.
They also say that a check is a one time use financial...
I understand your problem. As someone who suffered a similar problem, I'd like to offer some non-legal practical advice.
Move.
Really. MOVE.
Get out of Dodge.
Quit smoking dope.
When I was in my mid twenties, I was harassed by a real piece of work of a cop in a town in western MA. He...
IANAL (I am not a lawyer) but...
Typically, with any debt, you borrow a principal amount and then the lender charges you amortized compounded interest figured for the life of the loan. This is where they make their money. And they make a lot of it. Especially at 24%.
Most people don't look at...
In their campaign to smear my good name, Verizon has posted a charge off of the same debt 29 times. While I dispute the debt, I don't have proof of final payment on an account I canceled nearly 7 years ago, and my bank's readily available records don't go back that far. I will be paying the...
To clarify about the "they" concerning postal money orders: The post office claims that they can provide information about whether or not the postal money order has been cashed...
I have a dispute with Verizon Wireless over a debt which I believe I paid. I don't have proof of this, so I am going to pay again. The debt is not large, but Verizon has severely damaged my credit rating with some very skeevy, and according to the FTC, illegal reporting practices. They have...