Posted on
January 13, 2010
at
4:02 am
Hi, what is the statute of limitation on debt collection in New York?
Posted on
January 13, 2010
at
4:04 am
Hi, what is the statute of limitation on debt collection in New York?6 years from the date of default.
Posted on
January 13, 2010
at
4:09 am
Statute of limitation on debt collection in New York*Open Account: 6*Sale of Goods: 4*Written Contract: 6*Domestic Judgment: 20 (10 year renewable lien)*Foreign Judgment: 20 (10 year renewable lien)
Interest Rate-Legal: 16%-Judgment: 9%
Civil Penalty (bad check)
"Face value of check plus two time scheck amount up to a maximum of $400 on NSF or $750 on "no account" (Demand prescribed by law). GEN.OB 1.1-104"
Garnishment exemptions"90% of earnings, except 1st $154.50 week wholly exempt (only if the person earns minimum wage)."
Posted on
January 13, 2010
at
4:12 am
If you are getting collection calls and you are well aware that the SoL on that is pretty much live - don't wait for the collector to sue you - but instead, settle your debt and move on with your life without worrying about whether or not somebody is going to sue you for an old debt.To buy time, have that debt validated, and then negotiate the amount and the terms of payment after.
Posted on
January 13, 2010
at
4:15 am
The debt settlement industry has been hot in the state of New York - as the State Attorney General (Andrew Cuomo) has recently subpoenaed and sued some questionable debt settlement companies.If you are asking if you can do it d.i.y. why not, if you are confident enough.If you are asking if it is safe to hire the services of the professional, I'd say yes, but do your homework, find a reputable debt settlement company - call them and see how you fit into their program.
Posted on
January 13, 2010
at
4:22 am
Thank you for your help!How and where can I find a reputable settlement company?
Posted on
January 13, 2010
at
4:23 am
How and where can I find a reputable settlement company? -The settlement company's program must have a fast completion time. 12-36 months.-The program must be able to protect and improve the consumer's credit standing.-Must be a member of the Better Business Bureau, BBB, for at least 5 years.-Must also have a good standing with the Chamber of Commerce-A Member of TASC - The Association Of Settlement Companies and the IAPDA or theInternational Association of Professional Debt Arbitrators
Posted on
January 13, 2010
at
4:28 am
Destroydebt.com can also match you up to the right debt settlement company for you - just fill out a form, it is free of charge.Remember that even if a settlement company is highly rated it doesn't guarantee you success - you and the company must be compatible.
