If I am in debt, the poeple I owe money to are called what?
338323
Depends;\n\nIf you borrow from bank, the people who loan you the money are bankers\n\nif you borrow from the mob, they are called loan shark or shyster.\n\nif you borrow from other people, they are the creditor.\n\nif you borrow from your relative, they are relative and probably will not collect at all.
145731
Actually any one can do it. If you owe a business money and you decide not to pay it most businesses instead of going to court will give it to a collection agency which intern sends you a nice letter and then if you dont pay it they put a nice spot on your credit.  Yes you know about any borrowing institututions who do it regually.  But through a collection agency almost anyone can.  If you see any you can dispute it though.
954033
get a equifax credit report, it will tell you who you owe and how much. make sure to keep your reciept for payment incase they dont strike it from your credit report so you can prove you paid it.
964661
A default is usually when the account is transferred to a debt collection agency.  It would normally occur if you have 3 months in arrears. or 3 late payments in a row. 1 payment late wouldn't matter.
126964
I am assuming you mean Debts. I do not know the specific laws in Kansas, but I do know that a company collect a debt as long as you recognize it as your debt. Meaning 10 years from now, if you acknowledge an old debt, you can be forced to pay it off.
693356
Depending on whether u are in the uk or not, you have to owe at least one creditor £1500.  If you don't live in the uk, my apologies, I don't know lol.
36070
The statute of limitations on debt is 7 years.  After 7 years it falls of your credit report.  This does not remove your responsibility of paying the debt.  Do the moral thing and pay the debt you owe.  Also remember that it's 7 years from the date of last activity, meaning that the 7 years starts when you made your last payment, *not* when you opened the card.
535947
Prison. If you cannot reasonably repay the debt through making money (selling stuff, bailiffs etc.) or making an offer of repayment to the finance companies (you will find they are reasonable if you are honest with them and in a bad situation) then inevitably you will be taken to court. If you still cannot or do not co-operate you may well go to prison. You will also find you have difficulties getting credit in the future, no mortgage, no car finance, no  0% deals on sofas or TV's. If I were you, I'd get to the bank and sort something out.
1061833
I believe you should pay off the bad debt you have first.  After you do that, get a letter from the bank you paid off.\n\nAfter a month, it should no longer show on Check Systems as outstanding,  it should show you as paid off.  CS, thats where banks put you for having a debt with them\n\nI am not sure if check systems can give you a listing of who put you there.   IF so, also keep the letter that says you paid off that bank.  And go open an account by providing proof to the potential bank account you want to open.'\n\nthe way banks see it is: they dont wanna open an account w/ you since youhad a bad historyh w/ previous bank. \nyou will remain on CS. for 5 or 7 yrs. \nI was on it.... paid it off, and had to show those ltrs, i know.
396743
It probably means that a lien has been placed on your account.  The balance is the amount that is owed.
498071
If it is your debt, rather than asking, "do i have to pay it", Ask yourself "why shouldn't i pay it?".  We are all responsible for the debt we put ourselves into.  Student loans, credit cards, car loans, etc.  Pay your debt, don't try to get out of it.
436275
They are 2 separate issues.  You still owe the money.  If you wanted to pursue the fact that they illegally called you at work it would be a separate matter.  \n\nOne issue is civil and the other is criminal.  Only civil can be under the arbitration umbrella.  \n\nAll you can realistically do would be maybe filing with the FTC or maybe your Attorney General or DA.  Nothing will happen and again it won't help with your debt.
393358
You still owe them the funds, irrespective of it being their mistake. They cannot penilize you for it i.e: charge intertest that you would not have paid, or make additional money on the deal. However as they have inconvienced you, they should allow you to settle the debt in a manner that you have been doing without additional fees.\n\nYou may be entitled to compensation for damages if for example you had already budgetted for another item. In that case a lawyer would be the person to handle that.
551128
Money, money, money...Where is it going? Where is it coming from? Do I have enough? Do I owe anyone? Does anyone owe me?\n\nUGH.
837183
I need more information.  Arbitration in regards to what?  Credit card debt?
584719
FIRST YOU NEED TO FIND OUT IS THIS IS A JUDGMENT OR NOT.\n\nIF IT IS NOT, THEN THE STATUTE OF LIMITATIONS HAS PROBABLY RUN ON IT.  THIS DOESN'T MEAN THAT YOU DON'T STILL OWE THE MONEY, IT JUST MEANS THAT THEY CAN'T SUE YOU NOW.  THEY CAN STILL ACTIVELY COLLECT THE DEBT.\n\nIF IT IS A JUDGMENT, THEN YOU ARE PRETTY MUCH SCREWED.  DEPENDING ON STATE AN LOCAL LAWS A JUDGMENT CAN STAY ACTIVE FOR OVER 30 YEARS AND ALSO REFLECT ON YOUR CREDIT FOR THAT AMOUNT OF TIME AS WELL.\n\nREQUEST VALIDATION OF THE DEBT AD GO FROM THERE.\n\nGOOD LUCK
626868
Contact your state's Attorney General. Their office should be able to give you all of the rules for debt collection in your state.