Debt Help Services

Posts Tagged ‘laws’

Question: I sold a company in 2002 and told the vendor to change all accounts over to the new owners.?

In 2007, one of the vendors contacted me via their attorney that a debt to my old company name had gone unpaid and because I had signed a guaratee on the account in 1995 I was liable. I sent them documents showing the bill of sale, assumed name certificates of the new owners, a copy of the letter closing my account. I also requested the guarantee that I signed as well as their unpaid invoices, and other documents where they had sold equipment to the new owner (without my signature). Several months went by and they sent me nothing and filed a lawsuit against me in their home county 125 miles away. The debt is $4000 and any lawyer I spoke to said his fee would far exceed that amount to defend it. I believe this is their game, hope I will pay it rather than fight. If anyone knows business credit collection laws in Texas please advise me as to what sections of the statutes they are violating. I intend to defend myself in the courtroom and need all the help I can get.
Thanks

Answer: Do you have proof you told them to close the account? That should absolve you of any liability for the charges. Show up in court with those and you should be good.

Your problem? If you don’t have some sort of receipt or acknowledgment, they can always claim they didn’t receive the letter closing the account. In that case you might need all the paperwork you can muster, proof of the sale, perhaps other letters to other vendors WITH acknowledgment, anything at all that establishes that you were no longer involved with the company beyond 2002.

Service Corporation International Announces Second Quarter 2010 Financial Results and Increases Cash Flow Outlook for …

Service Corporation International , the largest provider of deathcare products and services in North America, today reported results for the second quarter 2010. Â Our unaudited condensed consolidated financial statements can be found at the end of this press release. Â The table below summarizes our key financial results:

Bad Business = Good Business For Debt Collectors

Question: is my mother in law responsible for credit card debt of deceased husband?

my father in law passed and has about 19,000 in unknown credit card debt.her name is on none of these cards and paying them would put her in a terrible financial situation.if it matters we live in georgia.thank you

Answer: I live in Ga. myself.Have your mother in law's attorney send a copy
of the death certificate along with a letter stating that your father in law
is deceased and that the estate does not have any funds to pay
the credit card debts.This letter needs to be sent via certifed mail
to all of the credit grantors.

Credit card changes coming

No longer will businesses be allowed to offer consumers two or three years of same-as-cash deals. They can continue to offer promotional periods for which no interest is due, though monthly payments must be maintained.

credit card debt law

Question: Debt Collection Laws in NC?

I have some delinquint medical bills from the last 3 years of cancer treatment. Its not really a huge amount, but I am still unable to work, and barely making it on disability. The hosp sold the debt to a local collection agency. The collection angency keeps calling and wanting me to pay off in full. I dont have that kind of money, so I keep asking to set up a payment plan at 20 per month. That is an amount that I can afford.

However, they keep telling me they wont accept a payment plan of anything less than 75 per month. THey will accept my money ofcourse, but wont set my up on payment plan.

I have heard that that is illegal. Is this true? Or is there someone that can tell me where to find the laws about this?

Answer: "I have heard that that is illegal. Is this true?" - It is probably true you heard this. it is not true that it is illegal. They have no obligation to setup payment plans.

Or is there someone that can tell me where to find the laws about this? - You can read the laws here: http://www.fair-debt-collection.com/

NACCO Industries, Inc. Announces First Quarter 2010 Results

NACCO Industries, Inc. today announced consolidated net income of $11.7 million, or $1.40 per diluted share, for the first quarter of 2010 on revenues of $557.6 million compared with a consolidated net loss for the first quarter of 2009 of $9.1 million, or $1.10 per share, on revenues of $554.7 million.

Cary - Travis Sasser, Attorney At Law

When in deep debt first of all you should see all options to get out of debt. When you think of negotiation, first think about different options-you can go to a debt settlement company, pay your creditors of your own, or declare bankruptcy at any time. So, have you decided anything as your option?

Debt Management Counseling helps a lot in significant consumer loan. Present days have seen some rumors about debt consolidation but some non profit organizations are still there that really help when you are in debt. They don’t have any hidden charges as such. But when you get information about different consolidation companies, try to know about their charges and read out the papers. The National Foundation for Credit Counseling or NFCC is an organization that works with not less than two million American households in every year. The clients are really happy with their services. You want a good debt management counseling, try National Foundation for Credit Counseling. People working in this organization are really helpful as they go out of their way to help you. They have an array of solutions for your problems.

Some independent organizations are also there to help you. They charge some nominal fee for their services. If you can afford that charges as well as pay off the monthly repayment, they will provide you extra ordinary services with helpful assistance.

These are some of the options for you but first of all you have to decide which one you are selecting. Don’t plunge into any final decision before you compare two to three companies. If you are in debt consolidation process, you will face different changes in your life. So, think twice before the main action starts.

Credit Debt Management Counseling

When you are in financial crisis, the first thing you want is financial consultancy. Professionals are there for credit debt management counseling. They try to help in your money management and also to get back your financial freedom. Credit debt management counseling can do lot of things for you. Some companies provide financial education tools for professional in this field.

Financial management industry is a vast one and professionals of this field are really well informed to help you out. Some of the credit debt management counseling companies offer bankruptcy counseling as well. When you reveal your financial condition to any debt management firm, ensure that the company will not share the information with any third party. Individual customers stuck in financial debt can take help from non profit debt management services. These often get support from any agency throughout the country. These non profit debt management services provide you real debt assistance when you are in need. You will always feel financial supervision on all your expenses. After taking help from these organizations you will feel financially secured and can pay all your debts. These free credit debt management counselors are always available at your service. So, go ahead and take help. Financial freedom is very important to anyone’s life and to enjoy that you need to be debt-free. Come and take the first step.

State of Economy Spurs Innovation in 2009

While the ongoing recession has affected organizations, businesses, institutions, and residents, resulting in cutbacks and shrinking budgets, it has also promoted new ways of organizing and increased dialogue among community members.

5/29/09: White House Press Briefing

Question: what is law regarding intrest that can be added in debt collection on acct. in state of VA?

My husband and I have a Direct Merchants Account that was sold/transferred. Zenta limited is collecting this account I recently recieved our credit reports and the amount we have listed owed is a lot less than the amount they say we owe, (theirs is approx.4000.00 more ) 8970.00 been the same amount on credit report for 4 years, they are charging us over 200.00 per month in intrest even tho I worked out a settlement with someone in the company who said once we started paying on the account the intrest would stop. and now he is no longer to be found every time I call they say he is working a different shift. We still haven’t recieved a letter stating the settlement amout, I have talked with aleast 10 different peeps and get a different amout every time, we have been paying faithfully for over a year now, we were both injured in accident and have since both been perm disabled from the accident, anyone have any suggestions?

Answer: Dont make another payment until they put the agreement in writing.

Trust me, they will say one thing and do another.

You must get it in writing.

This site may help you?

http://www.expert-credit-advice.com/index_debt.htm

KCS Announces Tender Offer and Senior Notes Offering

KANSAS CITY, Mo.----Kansas City Southern announced today that its wholly-owned subsidiary, Kansas City Southern de Mexico, S.A. de C.V., a Mexican corporation , has commenced a cash tender offer for up to $240 million aggregate principal amount of its 9⅜% Senior Notes due 2012 .

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