Users' questions

Can a debtor recover damages under section 9-626?

Can a debtor recover damages under section 9-626?

A debtor whose deficiency is eliminated under Section 9-626 may recover damages for the loss of any surplus.

What are remedies of creditor in real obligation?

REMEDIES OF CREDITOR IN REAL OBLIGATION “ART 1165: When what is to be dellivered is a determinate thing, the creditor, in addition to the right granted him by Art 1170, may compel the debtor to make the delivery. If the thing is indeterminate or generic, he may ask that the obligation be complied with at the expense of the debtor.

Can a debtor recover damages from a consumer obligor?

A debtor or consumer obligor may recover damages under subsection (b) and, in addition, $500 in each case from a person that, without reasonable cause, fails to comply with a request under Section 9-210.

Who is a creditor in a debt recovery case?

The creditor is the party who grants a loan to the debtor with an agreement that the money will be repaid at a later date. For example Andrew who has advanced his goods to Kate with the assurance that Kate will pay back on an agreed date, is a creditor. What is Debt Recovery?

Is there any way to recover credit damage?

And that’s the point… credit damage is real damage that can be measured and in some cases recovered as part of legal settlements or ordered by courts. Not that many years ago, credit damage was very difficult or even impossible to recover in court because judges and juries considered measurements…

How to get a debt collector to remove negative information from your credit report?

Y ou can ask the collector to agree to report your debt a certain way on your credit reports. Here’s how: The three major credit reporting bureaus— Experian, Equifax, and TransUnion —produce credit reports. Ask the collector to tell the bureaus to remove any negative information about the debt from your credit files.

Who is responsible for damage to your credit?

Credit damage occurs when some third party, like a bank, other debt collector or a credit reporting agency causes negative information to appear on your credit report, most commonly provided by one of the three national credit bureaus, Transunion, Equifax and/or Experian.

When do you need a credit damage report?

Today, there are reliable credit damage measurement (CDM) reports that are provided by credit damage “experts,” and often when testifying in court related to a wide range of causes of action, including… Wrongful foreclosure or termination, among others.