Credit Card Debt
How To Outsmart Your Attorney and Save Money On Your Bill! [K] [i] [n]
Array (Kindle Edition) Jonna M. Spilbor, Esq. 2009-07-01
Release date: 2009-07-01
Price:
$29.95
Answers
My mother is the power of attorney (POA) for her mother (my grandmother). Grandmother is 86, and mother is 62. Grandmother owes credit card debt to the tune of many thousands, but on her fixed income can't pay it back too well. Is my mother liable for that debt? In other words, can the credit card company come after my mother for payment just because she's the power of attorney for my grandmother? Thank you in advance for your help.
Hi, if you can't get any straight answers
here are some links which should have what you are
looking for:
http://credit-cards.ebookorama.com
and here http://finance.ebookorama.com
also plenty more to read here
http://credit.ebookorama.com
http://credit-repair.ebookorama.com
good luck!
www.miamibankruptcy.net 305-278-0811Bankruptcy attorney James Schwitalla helps people in Miami, Florida with debt issues including credit card ...
There are many different agencies that claim to help with credit card debt--attorneys, debt relief agencies, etc. Who is really the most qualified and honest? Any advice would be great! Thanks!
DO NOT USE A DEBT SETTLEMENT COMPANY (ANY COMPANY THAT SAYS THEY WILL SETTLE YOUR DEBTS FOR YOU)!!!! The only agency that will help in any way is a credit counseling agency. They can get you lower rates and put you on a payment plan. Other than that, you have to take care of it yourself, either by paying as agreed, paying the debt off in full, or settling your debt yourself.
Hope that helps.
They work for a collection agency but they are real lawyers.
They will keep it until your state statute of limitations runs out and then they have no legal recourse to take. They can not seek legal action nor make you pay it. They can not garnish wages, seize accounts or obtain a judgment.
BUT, that is only if the debt has not been reaffirmed by you making a payment!
If it is not time barred, they will then seek a judgment to collect.
Check your states statute of limitations at the following web site.
http://www.bcsalliance.com/statute_of_li mitations_on_debt.html
Hope this helps answer your question
In my divorce decree, this debt was assigned to my husband. I never signed for this card, or even knew it existed. My divorce attorney is certain I am not liable. However, in District court, they are asking me for "evidence." I take this to mean prior court cases? Help! I live in a community property state (nevada) and the other attorney says this automatically makes me liable. The arbitrating attorney has told me to provide the law to her that shows I am not responsible. What is it that she wants?
If the arbitrating attorney wants "the law" then he/she wants to know the exact statute in the books. Go to this web page http://law.justia.com/nevada/codes/NRS-0 97A.html and copy the whole thing. That will show the credit card law in Nevada and who is responsible.
Basically, as long as you didn't sign for the account, are not a cardholder, and are not authorized for the account, you should not be able to be held responsible for paying it.
I've granted general durable power of attorney in California to my brother John. He already has a few credit card debts. If he gets into financial trouble, could his creditor freeze my bank account? I'm assuming no because the bank accounts belonged to me. However, I've gone with him to the bank to sign the POA at the bank, and now he is named John R. POA on all my bank statements. Its kind of scary and I had a few restless nights... Your answers are greatly appreciated.. thank you.
Your brother's creditors have no right to satisfy his debts against your property.
Your concern is if your brother uses your name to create debts for which you are financially responsible. Your POA should be rewritten to specifically eliminate his right to create any indebtedness in your name. The checks should be rewritten to say limited POA putting all others on notice to receive a copy of the POA before extending credit.
Once again, there is no limit to the credit card companies and ...
We have been confronted recently by a small number of credit card companies and banks who refused to accept or acknowledge the rights of a customer to be represented by third party experts, with a Power of Attorney authority.
The audacity of them, how arrogant, how transparent. Clearly this is an effort to prevent customers and borrowers from being effectively represnted so the credit card companies and banks can intimidate, manipulate, and cajole their customers into paying on their debt.
It is of course the right of the companies to collect what is due them, as is it the right of the customer to be effectively represented by third party professional experts with Power of Attorney to be represented in these situations. Refusing to deal with expert and professional representation with Power of Attorney because they believe they can overpower the borrower much more effectively then they can a professional expert.
...News
Get smart with money booksReuters - Dec 24, 2009
How to start and automate investing, save money on the big things like cars and weddings, beat the credit card companies at their own game. and more »Human Events (blog) - Dec 24, 2009
Voting to raise the limit on their credit card so taxpayers can pay for it. We need to start living within our means as a nation, instead of upping our and more »Dailyrecord.com - Dec 23, 2009
15, said Tedeschi's firm maintained a corporate American Express account to which only three people had a credit card linked to that account, and more »Credit Card Guide News - Dec 10, 2009
In today’s tight economy, an increasing number of consumers are struggling with mounting credit card debt, impossible interest rate increases, and more »The Salem News - Dec 22, 2009
Ennio Cataldo, 47, who lived in Gloucester and had a practice at 300 Andover St. in Peabody, admitted in court last May to credit card fraud, identity fraud and more »DL-Online - Dec 24, 2009
“She toppled the dominant player in debt arbitration in the country and changed the face of consumer credit card arbitration overnight.MinnPost.com - Dec 22, 2009
Politics in Minnesota (blog)She toppled the dominant player in debt arbitration in the country and changed the face of consumer credit card arbitration overnight. Swanson picked as one of "Top Ten Lawyers of the Year."Comings and goings: Swanson named a top 10 lawyerall 4 news articles »
Ohio Bankruptcy Attorney .com Debt Broke Credit Cards