a debtor is a slave to his creditor .yes or no? , explain.?
472320
In one way yes, the other no.\n\nA debtor who does not look confident and who does not put the money he borrows to a proper use (by utilising it for the purpose for which he borrowed it) is always a potential slave to the creditor.\n\nCreditors are also in the look out for debtors who utilise their money properly and thereby create an ensurity to them for regular returns.  In these cases creditors are supportive of the debtors even if they fail in their business, because they believe in the debtors ability.\n\nThere are exceptions to this but..\n\nhttp://www.futureaccountant.com/
746041
You seem to think the lender cares whether he repossessed the car from her home, or the dealership. It doesn't matter to the lender where he picks the car up from.  If she cooperated, did not conceal the car, and gave the keys to the repo agent, then it should be coded as a voluntary surrender, rather than a repossession on her credit.  I make loans for a living, and it really doesn't matter how it's coded though.  \n\nIf you really have tape of the collector threatening prison, then you have a claim for violation of the Fair Debt Collection Practices Act.  \n\nThe applicable section (Sec. 807) reads:\n\nA debt collector may not use any false, deceptive, or misleading representation or means in connection with the collection of any debt. Without limiting the general application of the foregoing, the following conduct is a violation of this section: \n \n(4) The representation or implication that nonpayment of any debt will result in the arrest or imprisonment of any person or the seizure, garnishment, attachment, or sale of any property or wages of any person unless such action is lawful and the debt collector or creditor intends to take such action. \n\nAgain, if you really have this tape, then you should have no problem finding an opportunistic attorney to pursue the deep-pockets lender (just google "unfair debt collection") The Internet is teeming with them. Good luck!
60769
The best way I have found is to reason with the person.  Show them that by not paying their debt it reflects on their character and integrity with you and others.  There is no telling how many people you will tell about this incident.  We as collectors can be worse then a credit reporting agency.  If the person if not a friend then try the courts or reason with phone calls and again tell them how this affects their business, their character and their standing in the community.  don't be afraid to stand up about what is right.
192403
My ex-husband's car was repossesed. Then when he didn't pay off the balance due, they tried to come after me because my name was on the original loan. What a mess. No bankruptcy for me, but I know people in both Florida and California that have worked after filing bankruptcy.
810197
You don't say who made this request to the Coucil and in what circumstances.  It sounds as though the Council is being gently prodded to think things through and perhaps withdraw an action to recover what is owed on the grounds that the person is somewhat deranged or mentally handicapped.  Those hearing the case can't say such a thing outright, but they can drop loud hints to the effect that if a person isn't in a fit mental state to deal with his financial affairs, it is perhaps not a good thing to bring him to court, especially if he is arguing with deep conviction that he doesn't understand why he is being prosecuted and doesn't feel he owes anything.  Maybe now that we are not allowed to use Latin in court, "moral culpability" is the new "mens rea".
992452
What kind of backward thinking is that? You still need to pay every single penny you owe!!! Unless your creditor takes pity on you and says never mind the debt.\nIt's kinda harsh but almost all of life from birth on is harsh...that's life, as they say!
460289
Does the current wife own the house? If yes then of course, if he's the owner then he'll have to give her permission, but of course can still be done.  The state would only be able to collect what was owed, and since he was up to date that wouldn't be much that he's behind.
1017905
Somebody has to pay your bills.
460037
It's so easy to actually answer this question, but it's a different story when you are actually living it.  This is probably the same answer as living with someone with any type of addiction...drugs, alcohol, gambling, s@x, etc.  It's a sickness.  The first question would be, does this person recognize their problem?  Is some sort of intervention needed?  You obviously love this person, so walking out is probably your last resort.  If this person doesn't recognize their problem...then it's time to start thinking about walking out, this could be your intervention.  However, this person has to clean up for themselves.  Not for you, not for their parents, workers, etc.  They have recognize their problem and want to fix it. That's when your support is most crucial. I don't think it's a win-win situation when someone is stopping thier ways for someone else. They have to stop because they want to.  Part of that equation is seeing what they have done to others.  At the sametime, from this point on, you should be protecting yourselves.  That means your bank accounts and anything else that he has access to.  I'm not sure what state you live in, but certain states have laws that can help protect you.  You can put a block (freeze) on your credit files.  This will enable you to have some sort of control over your credit.  Also, contact the various credit agencies....Equifax, Experian, and TransUnion.  See what options you have to protect your credit from being used.  You don't want this person opening accounts in your name.  Of course, getting a free credit report from all of the above will show you who has accessed your file recently.  Additionally, I would give your state Consumer Protection Section a call, to see what else you can do.  You're in a tough situation.  You have to protect yourself and be there for support at the sametime.  I wish you the best of luck!
400513
While a written agreement is the easiest to clearly understand, a verbal agreement is also legally binding.  It's good you've got witnesses to back you up - take her to court, she owes you!  She might decide to pay once she realizes you are serious about collecting your debt and you may never have to go to court to collect.  Don't feel bad about suing her for it either - you already have been kind to her with all you did do - and she doesn't seem to have a problem taking advantage of you and flaunting it in your face... this is what the legal system is for - this is obviously bothering you - this is your only recourse unless you decide you want to "gift" it to her and then you should quit complaining about what she didn't pay back.
813879
Any who says "yes" to this supports:\n\nSelling own daughters into slavery\nkilling farmers who grown 2 crops in same field\nkilling women who wear material made of 2 different threads\nkilling children if they badmouth the parents\nNEVER borrowing boney unless free of interest\n\n\nAnd so it goes on, MOST of the above is from Leviticus by the way.\n\nSo ANYONE who has a credit card and fails to pay it off in full each month is going against the bible, ditto anyone with a mortgage.
629269
Dear Friend,\n\nIt's time to consider filing for bankruptcy.  Your ex is broke, and there's no way the state can be held liable.  Sorry, that's the bottom line.\n\nYour Friend,\nFrancesois
848310
afraid not..\nif you owe and someone (agency) has filed claim...
238451
Just play it cool. And the next time he ask you for any money, and he will. Tell him, I can't see anyway that I can possibly help you out. As there is still the issue of you owing me $700. Now when you see your way to paying me back, I'll consider another loan. And leave it at that.
1003753
However, as above this is correct, but paying a creditor as little as £1 shows a willingness to pay and goes in your favour, always try to talk to them, get them to stop interest and work out a repayment plan.
744555
No...Debt is debt, and it should ALWAYS be repaid.
768299
If he signed an agreement with her stating that he would pay back the money she spent to redeem his car, then yes, he is legally obligated to uphold his signed agreement.  She can take him to court for default of that agreement if he doesn't keep his word.  Then he would have a court judgment against him as well as the contractual obligation.  After obtaining a court judgment, she could then place a lien on his property to collect the debt or even force him into forclosure or bankruptcy depending on what assets he has available balanced against his ability to pay.