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Pennsylvania is a debtor friendly state because marital property is exempt and wages cannot be garnished (absent very limited circumstances).
How to Figure Out Your Total Debt BalanceObtain a free copy of your credit report at AnnualCreditReport.com.Make a list of all of the active accounts on your credit report.Call the creditors or sign into your online accounts to find out your current balance.Add up the total amount you owe on each loan.More items...?
When asking for proof, remember these tips:Always put your verification request in writing.Ask the debt collector to respond to you in writing.Ask the collector to verify the original amount of the debt that is still owed and any interest, late fees, and collection fees.More items...?
A debt validation letter should include the name of your creditor, how much you supposedly owe, and information on how to dispute the debt. After receiving a debt validation letter, you have 30 days to dispute the debt and request written evidence of it from the debt collector.
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.
Here's the important part: You have just 30 days to respond to a debt validation letter with your debt verification letter. If you don't dispute the debt within 30 days, the debt is assumed valid. That means the debt collector can continue to contact you. You can still send a dispute after 30 days.
A creditor can sue you if you get behind in your payments. The creditor may file a law suit at the Magisterial District Court if it's for a small amount, or may sue you in the County Court of Common Pleas, or in Federal Court. A PA constable or sheriff must serve you with a copy of the Complaint.
I am requesting that you provide verification of this debt. Please send the following information: The name and address of the original creditor, the account number, and the amount owed. Verification that there is a valid basis for claiming I am required to pay the current amount owed.
This usually means producing proof that the debt was assigned to it. Often such proof will be a bill of sale, an "assignment", or a receipt between the last creditor holding the debt and the entity suing you.
You can't be prosecuted criminally or be sent to jail for failing to pay ordinary debts. (You can, however, be criminally prosecuted for failing to pay some special kinds of debts such as child support, fines, or debts caused by fraud, bad checks, or theft.)