 Do I keep old whole life insurance policies? Or cash them in for term? |
My father just gave me five (5) $10k insurance policies he had on me to me (i'm now 33 and married). They are about $100/year each ($500 total a year for $50k).
I would think I ... |
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 What would you do if you found out your spouse committed insurance fraud for over $10K? |
| The money was deposited into a joint account and was explained away as a loan. This could implicated both parties of the joint account in the theft. What would you do?... |
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 Do you think insurance policies are a waste of money? |
| i dont mean the ones we all have to have like motor and house insurance. I mean, small insurances for electical goods ... |
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 My 21 yr old son has racked up about $4200.00 in medical debt this yr that I have to pay out of pocket? |
My insurance has paid their part on seven ER visits on my son this yr.
Each visit was a result of him having a seizure and injuring himself. dislocating his shoulder several times and splitting ... |
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 I lost my diamond out of my wedding ring. Can I claim it on my home owners insurance? |
| Just the other night I looked down and noticed my 1.2 karat diamond was missing out of the setting on my ring. I didn't have it listed on our home owners. I can't find the receipt either ... |
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 Question about state farm auto insurance? |
| My payment was due on the 1st, and now it's the fifth. I just paid it today through online banking. The bank says it may not be processed until tuesday, but i have to get to work before then. Am ... |
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 My neighbors patio umbrella blew into my house during a storm - is he required to pay for the damage? |
| My neighbors patio umbrella blew into my house during a storm - is he required to pay for the damage?... |
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 Can i insure my car in england with a insurance co in bulgaria to save money? |
| ive heard that people in england are using insurance companies in bulgaria to insure there cars here at home as it is supposed to be a lot,lot cheaper? and if so does anyone know of these companys?... |
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 I'm interested in getting life insurance? |
| I have 2 kids both under 2 yrs old, I'm 26 yrs old, I have no health problems. 2 of my grandparents died of heart attack, and so did 3 of their parents. I don't smoke. I am aspiring to ... |
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 My Homeowners Insurance cancelled me because I have a Pit bull? |
| My Dog is sweet as ever and wouldn't hurt anyone, why do Insurance do this to homeowners?... |
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 Why does the premium drop when you add home insurance to an auto insurance? |
| When one has auto insurance alone, insurance companies state that if one is to also get home insurance from the same company, the sum of the two insurances will be less than the original auto ... |
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 Question for people without med insurance? |
| if u have everbeen injured can u tell me wht kind of injury it was and how much u were ... |
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 If you know about term life insurance this question is for you . . I am 40 years old? |
| and am replacing a couple of short term policies with a 20 year 500,000$ policy. House, auto and these policies are with state farm. My quote for preferred was about $70 per month - super preferred ... |
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 What can happen if I already cashed the check? |
| I cancelled my auto insurance after renewing, I did an electronic transfer but changed my mind on the contract and stopped payment on 2/05 (i did not know I could have just cancelled within 72hrs ... |
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 Do I HAVE to have homeowners insurance? |
I am a first time buyer in the housing market, and I am looking to pay for a home in all cash, no house payments.
I have put in a bid on a large modular home that is located in a "... |
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 What type of life insurance is right for me? |
| Hello i am seriously thinking about getting life insurance i am 18 and have an 8 month old baby boy god forbid that anything happened to me but if it did i want my son to be fully protected but I... |
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 Advise on home and auto insurance? |
I am changing my existing insurance company and I have 3 to choose from. I would like to have advise which of these 3 is the best.
Met Life, Traverlers, and Liberty mutual.... |
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| I'm planning on getting Life Insurance through State Farm. I'm 18. Is this plan good? |
| Me being 18, they told me its the best time to get it because it's the cheapest I'll be able to. They quoted a 25,000 dollar plan at $22 a month, which will NEVER go up, even if I'm 84.... |
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 If I were to die, who gets access to my life insurance benefits, if the beneficiary is a minor? |
| I want to make my son the primary benificiary to my life insurance policy, but what if I died when he was only 4 years old? If my sons father (my ex husband) got custody of my son and my son was the ... |
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steve k | I have an outstanding hospital bill for $265.00, collection agency is trying to collect,can they ? |
Can the collection agency legally collect this dedt from me, it's about two years old. |
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mbrcatz
|
absolutely. And they'll take you to court and garnish your wages, PLUS court costs, attorney fees, and interest, if you don't pay. |
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acermill
 |
Certainly they can collect it, assuming it's a valid debt and you owe the money. |
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CherishTheMoment
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Yes, they can. It can be 2 years it can be from 6 years. Just had this happen to my husband on a bill. |
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~Sweet Allie~
 |
Of course they can. You should always pay ur bills on time anyhow. SO u dont see urself in this situation. Ur credit now is ruined. :( sorry.
Best of luck |
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shelcom
 |
They can collect no matter how old it is. It's your debt, isn't it? |
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Andrea B
 |
A collection agency can legally collect that debt from you. |
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zippythejessi
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If you truly owe the money, they can try to collect on it forever. Even though your credit report "renews" every 7-10 years, the account can just get sold to another collection agency until you pay it. |
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hottotrot1_usa
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Yes. |
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Jamie G
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Steve-
Here is where people get confused. Legally, they can only report this account to the credit reporting agencies for a certain number of years (generally 7-10, depending on your state). However, they can collect on this debt FOREVER. Hope this clears things up! |
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creditchallenged
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Collection accounts can only be listed on your credit report for a period of 7-10 years on average. And, as one member mentioned collection agencies can attempt to collect a debt for as long as they choose and the account can be transferred from Collection Agency to Collection Agency. However, what has not been mentioned is the fact that a debt can only be legally collected for a certain period of time. This period of time differes from State to state and is defined in the State Statutes. Statutes of limitations limit the amount of time that a collection agency can file legal action against you for theunpaid debt.Statutes of Limitations differ for different kinds of debt. As an example in your state the statute of limitations for medical debt may be 4 years. If the collection agency tries to take legal action against you after the statute of limitations has expired you have a legal defense in the court of law. |
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rapunzele2001
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yes |
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