Can mentally disabled debtors be sued? My daughter who has a mental disorder, she is bipolar & manic depressive. She has been sued by a loan company, they are threatening to have her arrested. They received judgment against her, but can they have her arrested? ANSWER: The FDCPA does not permit a debt collector to state a person can be ...Read More »
Lien: A legal right or interest that a creditor or other person(s) have in another’s property and lasting until the debt that the lien secures, is paid. Mechanic’s Lien: The right of a craftsman, laborer, supplier, architect or other person who has worked upon improvements or delivered materials to a particular parcel of real estate (either as an employee of ...Read More »
1. Advance-fee loan scams 4.55 million victims; 2. Buyers clubs 4.05 million victims; 3. Credit card insurance 3.35 million victims; 4. Credit repair 2 million victims; 5. Prize promotions 1.8 million victims; 6. Internet services 1.75 million victims; 7. Pyramid schemes 1.55 million victims; 8. Information services .8 million victims; 9. Government ...Read More »
Debt Suspension Contracts (DSC) and Debt Cancellation Contracts (DCC) are banking products that substitute for credit insurance. The Comptroller of the Currency, Administrator of National Banks (OCC) finalized it’s regulation, 12 CFR part 37 effective June 16, 2003. This regulation covers DCCs and DSAs issued by national banks. These are banking products, not insurance products thus federal law, not state ...Read More »
A contract under seal is considered a more formal contract. Generally, valuable consideration is necessary to make an enforceable contract but for a contract under seal, no consideration is necessary. Traditionally, such a contract carries with it an *irrebuttable presumption of consideration. (The phrase, “irrebuttable presumption of consideration” means that the person who owns the contract can expect to receive ...Read More »
Can a homeowners association charge interest on unpaid association fees, in addition to the late fee?
Only if the original association documents, that you agreed to, allow it. There may be instances where discussing your situation over a public forum could potentially compromise your interests. On these occasions we will contact you directly via email in order to answer your inquiry in a confidential manner.Read More »