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Debt collection or cash collection is the process of pursuing payments of money or other agreed-upon value owed to a creditor. The debtors may be individuals or businesses. An organization that specializes in debt collection is known as a collection agency or debt collector. [1]
When you know your rights, you can protect yourself from unfair or abusive practices. For example, the collector is not allowed to: Call you between 9 p.m. and 8 a.m.
You lent money to a friend or family member and they haven't paid you back. Since you thought this was a short-term arrangement -- and definitely not a gift -- you feel like it's time to ask for...
Making a huge financial blunder can feel devastating. It can also seriously undermine your confidence in managing money. Try This: 3 Things To Do This Week If You Have Debt Learn More: 7 Reasons ...
The person holding the property or owing the money had to be within the City at the time of being served with the process, but all persons were entitled to the benefit of the custom. The plaintiff having started the action, and made a satisfactory affidavit of his debt , was entitled to issue attachment, which thereupon affected all the money ...
Restitution is available in equity to recover money previously paid to satisfy a court judgment that is later reversed, as the Supreme Court held in Atlantic Coast Line R. Co. v. Florida, 295 U.S. 301 (1935). However, the Court therefore noted that equitable defenses are available where it would not be fair to require the money to be returned.
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