In economics, "SEN" stands for Social Exchange Network, which refers to interactions among individuals through social connections and relationships.

Yes, a bank can foreclose on an 80-year-old person if they fail to make mortgage payments. However, some jurisdictions have laws in place to protect elderly homeowners from foreclosure, so it's recommended to consult with a legal professional for specific advice in such a situation.

Yes, retirement checks can be garnished by certain creditors, such as the IRS for unpaid taxes or by court order for delinquent child support or alimony payments. However, federal law offers some protection for certain types of retirement accounts, such as Social Security benefits, from being garnished by most creditors.

Credit card companies typically consider various factors when deciding to sue for credit card debt, such as the amount owed and the borrower's ability to repay. While age may not be a determining factor on its own, the borrower's overall financial situation and assets may influence the company's decision. It's important for elderly borrowers facing difficulty with credit card debt to seek financial advice and explore options for managing their debt.

Not paying your credit card is typically considered a civil matter. The credit card company may take you to civil court to recover the debt through a lawsuit or collections agency, rather than pursuing criminal charges.

Once a debt is handed over to a collection agency, it's typically out of the original creditor's hands. However, it may be possible to negotiate with the creditor to recall the debt from the collection agency, but this process can be challenging and may require convincing the creditor of your ability to repay the debt directly. It's advisable to communicate directly with both the creditor and the collection agency to explore your options and find a resolution.

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COD stands for "Call of Duty," a popular video game series known for its first-person shooter gameplay that is popular among teenagers.

Reports by general mercantile agencies typically include information on a company's financial health, creditworthiness, payment history, legal judgments, and industry reputation. They may also provide details on ownership structure, management team, and any major business events or news. These reports are used by businesses to assess the risks associated with entering into a commercial relationship with another company.

In South Carolina, if there are no assets in the deceased person's estate other than a 401K and the person was a legal resident of Florida at the time of death, it may not be necessary to place an ad in the newspaper to notify creditors. However, it is advisable to consult with an attorney familiar with the laws of both South Carolina and Florida to ensure all necessary steps are taken to handle the estate appropriately.

No, debtors are not assets; they are liabilities. Debtor refers to someone who owes money to another party. In accounting, debtors are recorded as accounts receivable, which is an asset. However, from the perspective of the debtor themselves, the amount they owe represents a liability, not an asset. Assets are resources owned by a person or company that have economic value and can be used to generate future benefits. Liabilities, on the other hand, represent obligations or debts owed by a person or company to others.

A debit card is like a financial multitool in your wallet. It's your personal key to the kingdom of purchases and transactions. With a debit card, you're not carrying cash – it's your digital sidekick for buying groceries, grabbing a coffee, or indulging in a little retail therapy. It's a magic pass that lets you access your bank account effortlessly, deducting the amount you spend directly. Think of it as your financial Swiss Army knife, simplifying payments and providing the freedom to shop and spend securely, all with a simple swipe or a chip insert. It's the bridge between your wallet and the digital world, making everyday transactions a breeze.

Collection payment refers to the process of receiving payment from customers or clients for goods or services provided. This can include various methods of payment, such as cash, checks, credit card transactions, or electronic transfers. It is an important aspect of managing a business's cash flow and ensuring that outstanding invoices are paid promptly

If your father-in-law had outstanding debts at the time of his death, his estate may be responsible for paying those debts, including any obligations to a collection agency. However, it is important to consult with a probate attorney to determine the specific laws and regulations applicable in your jurisdiction and to understand the particular circumstances of your father-in-law's estate.

If you were given land by your mother but she still lives there, creditors generally cannot take the land to pay off your debts in most cases. However, it's important to note that laws may vary depending on the jurisdiction. It is recommended that you consult with a legal professional to fully understand the laws and protections in your specific situation.

Collection agency laws vary by country and even within different regions or jurisdictions. Generally, these laws outline the rules and regulations that collection agencies must follow when attempting to collect debts from individuals or businesses. These laws often dictate practices such as permissible communication methods, disclosure requirements, prohibited tactics, and the rights of debtors. It is important for both debtors and collection agencies to be familiar with and adhere to the specific laws applicable to their jurisdiction.

In most countries, bailiffs and debt collectors are regulated by separate governing bodies. Bailiffs are typically regulated by the courts or a ministry of justice, while debt collectors are regulated by financial regulatory bodies or consumer protection agencies. However, regulations can vary by jurisdiction, so it's important to consult the specific laws and regulations applicable to your country.

yes the border patrol are federal agents with the tasks of keeping the peace.

well ia am a 13yr old and my IQ is 115 out of 43 questions!!

we have not been informed about debt, until it is to late. It should be taught in the 11th and 12th grade, and as a freshman in college.

From U.S. Department of Labor website:

The wage garnishment provisions of the Consumer Credit Protection Act (CCPA) protect employees from discharge by their employers because their wages have been garnished for any one debt, and it limits the amount of an employee's earnings that may be garnished in any one week. CCPA also applies to all employers and individuals who receive earnings for personal services (including wages, salaries, commissions, bonuses and income from a pension or retirement program, but ordinarily not including tips).

Yes, unfortunately they can charge interest and other fees if they have purchased the debt from your original creditor. However, it is always a good possibility to negotiate collections for a fraction of what you owe (including extra fees).

Yes. The original creditor more than likely put the item on first, then sold the account to a collection company who after unsuccessfully trying to collect the debt reported the item to the credit bureaus. So to you it was the same account or item but now the debt has transferred to a new company.

If you are in the U.S. there are laws to protect you against this type of collection but first be sure that you are not a co-signer or in some way named on the debt. Write a letter keeping it professional in language but clear that you are not to be contacted again. Send it in a way that you are able to prove delivery such as registered and return requested or Fedex with signature required. When they receive the letter they are required to stop. Refer to the Fair

Debt Collection Practices Act at http://www.usdoj.gov

Not many - so get some friends to help. Answer the phone and request the collector to "not call you again" and have 3 or more witnesses on extension phones. You can't legally record it so the witness can testify you ask for no more calls.