Oregon Collections-Creditors Rights FAQs

• Q: What Is Repossession?
  A: When you buy something on credit, or get a loan, the person or business you owe the money to be called the "creditor." Often when you buy on credit, or get a loan to … More
• Q: What Is A Debt Reduction Settlement?
  A: A Debt Reduction Settlement is a process used by both debtors and creditors to settle a debt for less than what is owed. The process may also be referred to as Third … More
• Q: What Is The Statute Of Limitations (In Years)?
  A: Open Acct.: 6 Sale of Goods: 6 (4 yrs UCC Transaction) Written Contract: 6 Domestic Judgment: 10 ­ Renewable at 10 Foreign Judgment: 10 More
• Q: What Is Cram Down And Collateral Valuation?
  A: If you are a creditor with a security interest in the debtor's assets, ask yourself if the value of your collateral is properly listed in the plan or whether it should … More

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