Tag: Law

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Is a loan a legal document?

If you receive interest from the loan, that is income and must be claimed on your taxes. If you do not get repaid, the money might be considered a gift to the other person, and both you and they may have to account for it in your taxes if over a certain dollar amount threshold.…
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Can debt collectors prove you owe?

Does a Debt Collector Have to Show Proof of a Debt? Yes, debt collectors do have to show proof of a debt if you ask them. Make sure you understand your rights under credit collection laws. Click to see full answer What happens if a debt collector does not validate debt in 30 days? you…
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What is proof of debt validation?

At a minimum, it must produce: A copy of the original written agreement between the parties, such as the loan note or credit card agreement, preferably signed by you. If the account has been sold to another creditor, then that creditor must prove that it has the right to sue to collect the debt. Click…
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Do debt collectors have to send certified mail?

Debt collectors are legally required to send you a debt validation letter, which outlines what the debt is, how much you owe and other information. If you're still uncertain about the debt you're being asked to pay, you can send the debt collector a debt verification letter requesting more information. Click to see full answer…
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Can you take legal action against someone who owes you money?

If someone owes you money and they refuse to pay you at the agreed time, you may take the matter to the Small Claims Court. If someone has bought goods such as furniture from you and they have failed to pay for it, you can take the matter to the Small Claims Court. Click to…
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Can I be sent to collections without notice?

Yes, a debt can technically be sent to collections without any notice. In some cases, you might not realize the debt is in collections until you check your credit report. Sometimes, you might not realize you owe the debt at all. Click to see full answer Does a debt collector have to send a letter?…
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Who can file a proof of debt?

Comprehensive Statements The credit card company must provide all of your monthly statements covering the period of time during which the debt was incurred. You should check all charges made by you, as well as interest charges and additional fees the credit card company charged. Click to see full answer Can debt collectors collect from…
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What causes loss of citizenship?

The three ways of losing citizenship of a country are renunciation, deprivation, and . Click to see full answer What causes loss of citizenship? ii. The Citizenship Act, 1955 also lays down the three modes by which an Indian citizen, whether a citizen at the commencement of the Constitution or subsequent to it, may lose…
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Can you be denied citizenship for a criminal record?

Conviction of an Aggravated Felony Drug trafficking. Firearms trafficking. Money laundering. Child pornography offenses. Click to see full answer Does criminal record affect immigration? Whether you have been convicted of a crime within the United States or abroad, your criminal record could affect your ability to live as a non-citizen in the United States. Additionally,…
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What does revocation Notice mean?

Primary tabs. Revocation is an annulment or cancellation of a statement or agreement. In the context of contracts, revocation may refer to the offeror canceling an offer. Click to see full answer How is revocation made? First method is revocation of a proposal by communication of notice. A proposal/offer may be revoked by the proposer/offeror…
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