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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.
Judgement Proof is the status of a person who doesn't have enough resources or income and assets for a creditor to seize when a court order ruled debt repayments. Unemployed or only relying on a pension can put a person in a judgement proof status.
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.
South Carolina is one of the few states in the country where a creditor of a consumer debt can't garnish your wages. But for some other types of debts, you might still lose some of your paycheck to a garnishment.
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.
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...?
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...?
If there is nothing they can legally take from you then you are Judgment Proof. If you are judgment proof and have a money judgment entered against you, the creditor cannot collect the judgment from you.
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 judgment lien is created automatically on debtor property that's located in the South Carolina county where the judgment is entered. For debtor property in other South Carolina counties, the creditor files a transcript of the judgment with the clerk of the court of common pleas where the property is located.