Q:How does a collection agency work? A: When a collection agency is involved in the collection of an unpaid debt, the debtor sends one payment each month to the agency. The agency's gets a portion of …
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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 …
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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 …
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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 …
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