Whether you're borrowing money or providing a loan to someone else, a Promissory Note is usually the best way to establish a record of the transaction and make sure that repayment terms, for example, are clear and fair.
However, an “IOU†is generally regarded as only an acknowledgment of a debt, not a promise to pay the debt. However, this form is a written promise to pay a debt.
U.S. consumers carry $6,501 in credit card debt on average, ing to Experian data, but if your balance is much higher—say, $20,000 or beyond—you may feel hopeless. Paying off a high credit card balance can be a daunting task, but it is possible.
You may also file a complaint by calling our office at 561-233-5500 Monday – Friday AM to PM, excluding County recognized holidays. An on-call Code Enforcement Officer is also available at 561-233-5523 for general questions Monday – Friday AM to PM, excluding County recognized holidays.
Can They Take Your House if You Get Sued in Florida? Even if you get sued, your house cannot be taken in Florida due to the homestead exemption.
Florida Constitution, Article X, Section 4 protects a primary residence from forced sale by creditors, with limits on the property size (up to half an acre in a municipality or up to 160 acres outside one).
The sheriff's department can seize: Personal property: movable things (e.g., cars, horses, boats, furniture, jewelry) owned by the debtor. Real property: land and buildings owned by the debtor.
Additionally, the protections that Florida residents have from having their homes taken by judgment creditors only applies to homestead properties–that is, the property that you consider to be your primary residence. That means that second homes, or investment properties, can potentially be taken to satisfy a judgment.
Specifically, the rule states that a debt collector cannot: Make more than seven calls within a seven-day period to a consumer regarding a specific debt. Call a consumer within seven days after having a telephone conversation about that debt.
While it's highly improbable that a credit card issuer would completely erase your debt outside of bankruptcy proceedings, you might have the option to negotiate with your creditors for a partial reduction of your outstanding balance.
Debt collectors typically settle for 30% to 60% of the total owed, but the percentage can vary based on factors like how old the debt is, the collector's policies, and your financial situation. Older debts or those unlikely to be collected in full usually result in more favorable settlements.
Office it may be possible to have it recorded the same day or within a few days. This is often theMoreOffice it may be possible to have it recorded the same day or within a few days. This is often the fastest method. Two mail or electronic filing. If the deed is submitted by mail or electronically.
