Still Dealing with Old Debt? Know your Rights
(ContentDesk) July 5, 2005 -- Every state has laws governing the time limitations in which a person or entity can file suit to collect outstanding debt. Once a debt passes beyond the time limitations of your state, a debt collector no longer has the right to file charges on that particular debt. This law is widely known as Statutes of Limitations. Generally, a creditor gives up the right to file suit after a period of 6 years from the time the debt first became delinquent. However, many states have adopted their own limitations which can range anywhere from 2 to 15 years.Statutes of limitations are only limited to oral agreements, promissory notes, open accounts, written contracts, mortgages, loans, auto payments and foreign/domestic judgments.
There are no statutes of limitations on federal student loans, income taxes, fines and in some states past due child support.Which State Law Applies to me?In general terms, if the creditor wants to file charges against a particular customer, the creditor must file charges on a judicial court where the customer resides. However, there are exceptions to this rule. For instance,If you live in Florida and you travel to New Jersey and sign a contract (not revolving credit accounts) in that state, the creditor can seek a judgment in the state where the contract was signed. In such a case, you will be sued under New Jersey statute of limitations.Child support orders are usually governed and enforced in that particular state. If you have a child support order from New York and you currently reside in Florida, you can be sued in New York State for any outstanding delinquencies.
For all credit related contracts such as, mortgages, car loans and etc, the creditor has the right to sue the customer in any state they prefer. Under such situations, creditors always choose the state with the longest statute of limitations or the state that grant the highest amount of award.What is my State's Statute of Limitations?As we mentioned earlier, every state has its own statute of limitations and it applies to every case differently. It is important to keep in mind the creditor has the right to file suite against you even if the statute of limitations has expired. In such a situation, you can ask the residing judge to dismiss the case on the grounds that the statute of limitations has expired. The attached table lists the number of years in which various types of debt can be collected in each state.
The information below can be altered or changed by the states at any given time, so consult an attorney before taking any legal actions.Debt and Credit TermsOpen Accounts - These are revolving lines of credit with varying credit limits and balances. For instance, credit cards, home equity lines of credit and overdraft credit accounts can be identified as open accounts.Written Contracts - The customer agrees to pay the loan under the terms written in the loan document. This document has to be signed by both parties (debtor and creditor) in order to be legally effective.Promissory Notes - The document signed by a borrower promising repayment of a loan. It shows the amount of monthly payments, interest rate, first payment date, last payment date, and the late charge and prepayment provisions. Mortgages, auto loans and student loans are prime examples of promissory notes.Oral Contracts - An unwritten agreement between two or more parties.
Oral contracts are just as binding as written contracts, providing that sufficient proof of the contract exists.About CreditGUARDCreditGUARD of America is a non-profit credit counseling agency that assists consumers through credit counseling and financial education. Please visit our web site at www.creditguard.org or call 1-800-867-0406 for a free consultation with a certified credit counselor..
Mom Expert Offers Stress-Busting Tips While Home for the Holidays
Munich, Germany (ContentDesk) November 14, 2005 -- In honor of National Family Week Nov. 20-26, 2005, which is coincident with Thanksgiving, Christine Louise Hohlbaum, mom expert and parenting book author, suggests ways in which families can enjoy the holidays without killing each other. Food shop early, advises the American author of 'Diary of a Mother' and 'SAHM I Am: Tales of a Stay-at-Home Mom in Europe', who lives just north of Munich, Germany, with her husband and two kids. You dont want to wrestle your neighbor for the last Butterball right before company comes.
That includes making some type of meal plan to feed the troops. Use decorative paper plates and napkins. Advise relatives where the trash can is.If you have to travel this holiday season, travel light and ship gifts ahead of time.
There is yuletide joy in ripping opening a UPS box, too! says Hohlbaum.Low-cost family activities such as sledding, building a bonfire and playing football help get the...
Mom Expert Offers Stress-Busting Tips While Home for the Holidays
Home loans > Mom Expert Offers Stress-Busting Tips While Home for the Holidays
New Year's Resolutions for Your Home Business
"Happy New Year" may be the most positive phrase in theEnglish language. For those whose fortunes were less thanthey desired over the last twelve months, the new year is anopportunity to close the book and start afresh. Those luckysouls who came out ahead this year can pat themselves on theback and look forward to repeating their success in 2001. Nomatter which end of the spectrum you fall into, the hopethat springs eternal on January 1 is something we all tendto share. It seems that every culture enjoys a new year's holiday, andthat our tradition of making resolutions dates back to theancient Babylon.
Teacher Jerry Wilson of< http://www.wilstar.com > says the most popular Babylonianresolution was to return borrowed farm equipment. Whiletimes and the details may have changed, today's home-basedentrepreneurs are also concerned with improvingrelationships with colleagues and customers - and makingtheir businesses grow. There are lots of changes we can makein our day-to-day lives...
New Year's Resolutions for Your Home Business
Home loans > New Year's Resolutions for Your Home Business
Bridge Loans: Everything You Wanted To Know
As the name implies, bridge loans fulfill a vital need for active developers by giving life to a new project in the months before lenders feel confident enough to make available a construction loan, or a repositioning loan in the case of an existing project. But real estate bridge loans have other uses, both tactical and strategic, that make them indispensable in today's New York marketplace.For new development projects, bridge loans provide financing for property assemblages, site acquisition, and development expenses. Not only do such loans provide the developer with the funds to acquire a site, they also supply the breathing room that the developer needs to create the architectural designs and analyses for new construction projects. Just as important, bridge loans offer an opportunity to refine the developer's property repositioning or acquisition plan in the case of an existing project. During the development--or repositioning--planning stage, the developer's financial advisor has...
Bridge Loans: Everything You Wanted To Know
Home loans > Bridge Loans: Everything You Wanted To Know
Student Loan Consolidation, look this gift horse in the mouth. Part II
Student loan consolidation look this gift horse in the mouth. Part II
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Student loan consolidation is excellent - for for some people. Spot the hidden trap that could ruin your life... a clever animal can steal from a trap without being caught!
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* Part I Don't get into debt. Ways to avoid it.
* Part II This article
* Part III Idea beats student loan consolidation and creates a winning mindset.
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Part II
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Imagine two people
Each has a student loan consolidation debt of $100 000. The born loser will soon have borrowed more. The investor uses the student loan consolidation as a springboard to become a millionaire.
What's different between them? The mindset, and only the mindset. Get the right mindset.
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Home loans > Student Loan Consolidation, look this gift horse in the mouth. Part II
Online Boat Loans
Buying a boat is a major financial decision. Even if you have enough money to purchase one in cash, it would not be a sound move. There is no telling where else you may need to use that cash. A wiser move is to put that money in the bank and apply for a boat loan instead. While your money earns interests, you are already enjoying your boat and paying only the minimum amount due per month.
Getting a loan has been made fast and easy. Several lenders or financial agencies have sites on the Internet. They can process your request for application in as fast as a week. And, they are flexible in terms of repayment schedules. Repayment terms for boat loans may be set from five years to as long as twenty years, depending on how expensive your boat is.
They may also help design a convenient repayment schedule. You may be given the option to get either a fixed interest rate for the duration of the term or stake a risk and go for an adjustable interest rate.
Home loans > Online Boat Loans
GO BIG OR GO HOME!
"Make no little plans, they have no magic to stir your blood...MAKE BIG PLANS. Aim high in hope and work.?" So wrote Daniel H. Burnham in the lastcentury. The big plans are important. They capture your vision.The next step is to break them down into "do-able" chunks, chunksthat can be done in even one day.
That is what gives you adefinite sense of accomplishment, isn't it? The big plans arenecessary, the baby steps, imperative! My daughter shared a marketing tip with me the other day. Shesaid, "Go big, or go home". I thought about this quite a bit asit seemed so brash and arrogant. Great slogan, but what aboutthe little guy? Then, it all made sense. Each person has theopportunity to define ?big' for herself.
If we are to live ourdreams and visions about how we want our lives to be, how we wantto be remembered, what our contribution to our daily world couldbe, it IS true. Go big or go home! Have a vision. Have a master plan for your whole life as youpresently see it. What...
GO BIG OR GO HOME!
Home loans > GO BIG OR GO HOME!
Home loans Still Dealing with Old Debt? Know your Rights mortgages
Laser Hair Removal For Men
It is interesting to note that almost 50 percent of laser hair removal clients are men. Men see lasers as being the perfect alternative to shaving or waxing when it comes to removing unwanted hair from the back, chest and legs. Other hair removal methods can be quite costly, time consuming and painful. Laser hair removal removes large amounts of hair with one laser "pulse" and with relatively little pain.
Laser hair removal can permanently take off unwanted back hair.
A "pulse"...
Home loans Still Dealing with Old Debt? Know your Rights
Home loans > Laser Hair Removal For Men
Home loans Still Dealing with Old Debt? Know your Rights
Spain: A Hot Spot Destination for Travelling Pensioners
There is no better place in the world to spend a holiday than Spain. Spain offers a myriad of recreational pursuits and you will have little or no problem finding splendid accommodation in Spain. In fact, when you plan a holiday in Spain you'll have few worries in terms of arranging your itinerary: this will allow you to focus on other important things concerning your plans. Purchasing travel insurance is extremely important whenever you are travelling and you should not consider a holiday...
Home loans Still Dealing with Old Debt? Know your Rights Spain: A Hot Spot Destination for Travelling Pensioners
Home loans > Spain: A Hot Spot Destination for Travelling Pensioners
Jobs From Recycling- Recycling Find, Seek And Sell Workbook
(ContentDesk) February 25, 2004--Recycling, reuse, refurbish, renew and redo are recycling words that can impact the environment as well as job creation. Of the thousands of items that lend them selves to recycled products we can list the following:(1)corn cobs for pipes and gift baskets(2)orange peels for potpourri, tea and air freshener(3)watermelon inner rind for watermelon rind preserves.(4)corn husk for tamales, dolls, and mats.(5)egg shells for a partial fertilizer and for decorating.(6...
Home loans tires Still Dealing with Old Debt? Know your Rights Jobs From Recycling- Recycling Find, Seek And Sell Workbook
Home loans > Jobs From Recycling- Recycling Find, Seek And Sell Workbook
Power Training for your Website
You have permission to publish this article electronically or in print, free of charge, as long as the bylines are included.Power Training for your Website ? Build that trafficBy Marc LindsayWe all know what it is like to get in the gym and do a darn good workout don't we??It feels exhilarating and you walk away with a sense of achievement and that you have done something right to your bodyWell I was in the gym the other day doing the strength component of my training and I it made me question...
Home loans Still Dealing with Old Debt? Know your Rights potty training Power Training for your Website
Home loans > Power Training for your Website
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