Romney slips Former President GW Bush Into Stump Speech, But Not By Name Fox News (blog)
One day following the endorsement from Former President George W. Bush, Mitt Romney slips him into his stump, but not by name and with no acknowledgment of his backing at an event today in St. Petersburg, FL.
Romney refers to President Obama's "predecessor" repeatedly, while slamming Obama for calling the $4 trillion dollar debt acquired during Bush's term "unpatriotic."
"I find it incomprehensible that a president could come to office and call his predecessor's record irresponsible and unpatriotic and then do almost nothing to fix it," Romney stated. "[Obama] said he would cut the debt in half if he became president. Instead he doubled it, alright, he doubled it," Romney exclaimed pointing to the huge 'debt clock' mounted behind him offering a real time calculation of the national debt registering over $15 trillion dollars.
"It's going to be 16 coming soon," Romney quipped.
Former President Bush's endorsement was tepid at best yesterday, uttering four words to an ABC reporter after delivering a speech on human rights in Washington, DC.
BUSINESS FRENCH = acknowledgement of debt, IOU
Is mere acknowledgment of a debt be sufficient to create a negotiable instrument?
A written acknowledgment of a debt would serve as a promissory note, but promissory notes are not negotiable instruments.
The successor in title to a promissory note usually only has a claim on the person he got it from, not from the original writer.
Richard
could an e-mail acknowledgment of debt serve as a written contract?
no -- it does not contain you signature -- any one could have originate the email!!!
No acknowledgment of debt settlement offer?
My debt was validated with the collection agency. So I sent an offer to pay in FULL for DELETION. The collection agency responds with a letter wanting my home address and phone numbers; with no aknowledegement of my offer. Weird.
The collection agencv only has my PO Box and that is it.
What should I do?
I send everything to the collection agency certified mail. All conversing is done by mail. I want it all in writing so I have proof of everything said between us. I have been strongly recommended this by several people. So I do not think I should call them.
Thank you for your answers and time it is very much appreciated!!!
The debt is only $100.00.
Write them a letter stating that your mailing address is your P.O. Box, and that you would like to discuss paying off your debt in FULL for DELETION. Any other forms of communication regarding anything besides my offer or settlement will be ignored.
Statute of Limitations for litigation on CC debt?
In New York State: What is the Statute of Limitation from the last time a Credit Card debt acknowledgment and the time litigation's can be taken?
Open Account (credit cards) 6 years
Written Contract: 6 years
Domestic Judgment: 20 (renewable)
Foreign Judgment: 20 (renewable)
Which means the creditor has 6 years to file for civil action in court.
Now remember this though, the Fair Debt Collection Practices Act DOES NOT apply to major credit card banks? It applies only to the collection attorneys and professional debt collection companies they might hire. Original creditors are regulated by state law; however, the major credit card companies follow policies that closely mirror those of the FDCPA and will comply with your request to stop phoning you at home and work, etc., just as if you were dealing with a collection service. If you believe you have been harassed by an original creditor, or that the original creditor has done something illegal or threatening towards you, then research your state laws on the subject and contact the proper authorities to file a formal complaint. Typically, the Attorney General in your state is the proper authority to contact.
Hope this answers your question
LEGAL DISCLAIMER: The advice contained herein is for informational purposes only. It is not to be construed as Legal Counsel nor Legal Advice.
Did I resest the statute of limitations on my old debt?
I had a call from a debt collection computer that asked me to return the call to a number and it announced that is was a collection call. I had no idea what this was about so I thought it was an error. I returned the call and the man said "hello and then he asked me if I remembered a debt from 15 years ago." I responded "that was ancient history" and hung up on him. Did I reset the statute of limitations by responding to his question?
I did not negotiate with him or argue the debt it was literally that short and simple. But it could be seen as an acknowledgment that I knew what the debt was. I was wondering if the statute of limitations is reset in the state of CA if you acknowledge the debt over the phone opening up the potential for a fresh lawsuit. This debt fell off my credit reports years ago. I have been on google all day and this is called a “scavenger collection”.
I got the info at : http://www.bcsalliance.com/y_debt_sol.html
I could definitely use some advice on this.
Like the others said, no.
You did not re-set the collecting SOL by speaking to the collector or by what you said to the collector
I don't know of any state where the collecting SOL can be re-set simply by speaking to a collector.
Some states do allow the collecting SOL to be re-set, if an agreement to pay is done "in writing"
In California once the the account is closed (charged off) there is "no" SOL re-setting.
Keep an eye on your credit reports in case they place it on there.
If you know who they are, send them a SOL letter that not only informs them, in writing, that the account is past the collecting SOL, but also contains a cease and desist.
Do not sign the letter, print your initials or just type your name in.
Send it certified mail return receipt.
I do not know what state you live in but even then
it is highly unlikely that you reset it. Kentucky has the longest
statute of 15 years so if you live there it would be possible.
Just looked at your link, yep Kentucky.
I think that you could make a case of plausible deny ability
making any statement, did he say death? Oh debt sorry
I must have mis-understood.
If you have an address send the jerk a letter, tell him the
statue of limitations has long ago expired and not to
contact you any more or you will sue him for harrasment.
Dont worry about it.
In order to reset the SOL there must be a "volation" of the old agreement. That means some sore of agreement between you and the creditor to acknowledge the debt and agree to pay it.
I've seem people who say just send a check for $5 and write "paid in full" in the memo portion. If it's cashed then they have to write off the debt. Sorry, this won't word, as no joint agreement was ever reached. But by cashing the check, they have now reset the SOL, so the plan backfires on the debtor.
Play it safe. There is no law that demands that you ever have to talk to a collection agent. So do not call them. Always send communications in writing, and never sign them..just type in your name.
In this case, send the collection agent a "cease and desist" letter. If you are lucky they will keep pestering you, and you can sue them for $1000.
Good Luck
having the same probems with some old medical bills that was my ex when we were married 6 years ago. God bless and dont pay those scavengers anything.
Are Obama and Democrats guilty in financial meltdown?
September 11, 2003
New York Times
New Agency Proposed to Oversee Freddie Mac and Fannie Mae
By STEPHEN LABATON
The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.
Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.
The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.
The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac -- which together have issued more than $1.5 trillion in outstanding debt -- is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates.
''There is a general recognition that the supervisory system for housing-related government-sponsored enterprises neither has the tools, nor the stature, to deal effectively with the current size, complexity and importance of these enterprises,'' Treasury Secretary John W. Snow told the House Financial Services Committee in an appearance with Housing Secretary Mel Martinez, who also backed the plan.
Mr. Snow said that Congress should eliminate the power of the president to appoint directors to the companies, a sign that the administration is less concerned about the perks of patronage than it is about the potential political problems associated with any new difficulties arising at the companies.
http://query.nytimes.com/gst/fullpage.html?res=9E06E3D6123BF932A2575AC0A9659C8B63&sec=&spon=&pagewanted=print
http://beltwayblips.com/video/timeline_shows_bush_mccain_warning_dems_of_financial/
http://s3.amazonaws.com/propublica/assets/docs/gse_reform_060505.pdf
http://www.youtube.com/watch?v=cMnSp4qEXNM
http://www.whitehouse.gov/news/releases/2008/09/20080919-15.html
Is my ex legally obligated to pay for a plane ticket purchased in her name by me, before our breakup?
We were supposed to go to Orlando July17th-20th, but we broke up on June 1st. The plane tickets are non refundable and non transferable. My ticket was purchased on March 21, and I booked hers on April 1. On May 29, I found out about her cheating on me; I confronted her on June 1st, when she got back into town after a track meet. Needless to say, that was the end of our relationship. I have contacted her several times regarding the return of my money, and I've gotten no response. I received a certified letter from her on July 9, two days after being served with a PFA! The letter, which remains unopened, clearly contains a money order, only not for the amount she owes me. I have not cashed it, because in no way do I want that to serve as acknowledgment of her debt being fulfilled. I have an affidavit from a friend who heard me talking to her on the phone back in May about the trip (she lied in court and claimed not to have known about the trip). Will I win in small claims?
LOL...why would I want to play games with her; I hated having to even see her in court the other day, and I don't wanna have to see her again. Still, right is right.
To bad, you wanted her to go, the courts will consider it a gift.
Is a verbal promise to pay a collection agency binding in Texas?
I found out that I have 2 collections on my credit report. I stupidly contacted the collection agency and verbally promised to pay them before I did my research and learned that there were other options open to me. I still fully intend to pay the debt but I want to send a Pay For Delete letter so I can do my best to get this off my credit report. I'm wondering if that verbal promise to pay is binding in Texas. The following is the statute that I've found for Texas and I'm hoping that it means that verbal commitments are not binding in this case:
THE FOLLOWING STATUTE PROHIBITS "RE-AGING" OF SOL WITHOUT A WRITTEN CONTRACT
§ 16.065. Acknowledgment of Claim An acknowledgment of the justness of a claim that appears to be barred by limitations is not admissible in evidence to defeat the law of limitations if made after the time that the claim is due unless the acknowledgment is in writing and is signed by the party to be charged.
Thanks for any advice
You can always deny that any arrangement was ever made...without a written agreement or legal phone recording of the conversation, they can't contest it.
Debt collectors trick people all the time with verbal promises that they have no intention of carrying out once that get your money....so don't shed any tears for the collection agency.
Shady personal loan by mortgage broker?
A couple of years ago I was trying to get approved for a mortgage with my wife. we had some credit debt but overall we were ok. When my mortgage broker saw the 30k in debt he said he could get us a personal loan through an investor. Having no options we took the loan to pay off our debt, and get approved for a mortgage. Turns out a family member who also uses this mortgage broker came into money that they wished to invest. The mortgage broker thought he had the ideal situation by lending the money from my family member to use at interest. Basically he forced us into business with family and did not tell us. the family member didn't know either. The plan was to refinance after 2 years when the loan adjusted ,and pay off this personal loan having only paid 2 years of interest only payments.With the bad economy there was nothing left in equity.So having not made a few payments (due to not receiving any statements or acknowledgment of payments) both parties put pressure on the mortgage broker to resolve the issue when he decided to inform the parties were actually family. First question is this even legal.Is there any recourse?
Ok...I hate to tell you this, but NOTHING that took place was illegal...except for the fact that if the mortgage company that did your loan did not know of this debt...then that is a case of loan fraud not only on YOUR part (b/c you knew of the debt and signed an application agreeing to disclose all debts) but also the mortgage broker.
So you would be in just as much trouble as he is....so you are out of gas on that deal.
Here is the problem:
You have the contract with the investor...where the investor got the money from is NONE of your business. You DO NOT have a contract with the family member...the two are not related. You also don't know for a fact that this is the source of the loan either.
You obviously didn't have a problem with getting your debts paid off. You obviously didn't have a problem with defrauding the mortgage company (b/c the mortgage company already declined you because of DEBT which you conveniently hid)...and NOW you crying foul b/c your house didn't appreciate like you thought it would?
it's not fraud..it's Karma.
PS: No law requires ANY lender to send you acknowledgements of payments NOR monthly statements...all they have to get you to sign is a note....which you obviously did. If you paid cash you should have been given a receipt. If you paid with a check then you should be keeping records of cancelled checks.
Marisa is also incorrect. If the family member put money with a 3rd party that does private loans...that requires a business license but the family member does not have to have one...the investment firm only has to have one (and most likely does). Also, a SINGLE loan between two parties DOES NOT require a business license...at all...in any state. You only need a business license if you are negotiating loans on the behalf of others.
Your note should state WHO gave you the loan...did you not read it?
Sorry, you are out of gas.
Did you know in 2003 Bush attempted to stop the housing crisis we face today and democrats stoped it?
http://query.nytimes.com/gst/fullpage.html?res=9E06E3D6123BF932A2575AC0A9659C8B63
EXCERPT:
The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.
Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.
The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.
The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac -- which together have issued more than $1.5 trillion in outstanding debt -- is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates.
This crisis was caused by years of poor and irresponsible monetary policy that happened to surface during the years of Bush's Presidency...
We need to eliminate the Federal Reserve and get back to the Constitution. It is the market, not the Government, which should control the value of money. Corporations that go under due to poor decision making and over speculation should have to pay those consequences... it is unfortunate that you and I will have to suffer along with them, but maybe the people of this nation need to be woken up from their debt ridden slumber...
acknowledgment of debt - News
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