Mississippi Collections-Creditors Rights FAQs
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Q:
How Does A Collection Agency Work?
A: The debtor sends one payment each month. Agency's then share out this payment between creditors and pay them a negotiated amount. The creditors are satisfied that the … more -
Q:
Who Is The Judgment Debtor?
A: A judgment debtor is the person against who a judgment has been entered which remains unsatisfied. An unsatisfied judgment is typically reflected in a credit report on … more -
Q:
Can A Creditor Ask A Debtor To Reaffirm The Debt?
A: Yes, this means that the creditor is asking that the debtor pay the debt anyway, even after it has been discharged. A debtor may be willing to do this if there is a … more -
Q:
What Is A "Money Judgment"?
A: A money judgment in a civil matter is an order issued by a court that one party to the lawsuit is to pay the other party a sum of money. The amount of the money … more
Cosigner Liability
If you’ve cosigned on a loan, you may be facing a situation where the primary borrower has failed to make payments and the lender is now looking at you for repayment.
