bigboy27 Posted July 31, 2007 Report Share Posted July 31, 2007 When do you "incurr" a debt?When you first make the purchase?When the account is charged off by the OC?Say I bought a computer from Dell. Did the debt "incurr" when I purchased the computer or whe they charged off the account? Link to comment Share on other sites More sharing options...
IHateCAs Posted July 31, 2007 Report Share Posted July 31, 2007 Is this a trick question?You incur a debt when you agree to pay money to someone at a later date. Link to comment Share on other sites More sharing options...
bigboy27 Posted July 31, 2007 Author Report Share Posted July 31, 2007 No. I just wasn't sure the legal meaning. I didn't know if it wasn't legally considered a 'debt' unless you defaulted. I didn't know if it was considered an 'account' or something like that as long as you were paying. Link to comment Share on other sites More sharing options...
divemedic Posted July 31, 2007 Report Share Posted July 31, 2007 For FDCPA purposes, a debt is:(5) The term "debt" means any obligation or alleged obligation of a consumer to pay money arising out of a transaction in which the money, property, insurance or services which are the subject of the transaction are primarily for personal, family, or household purposes, whether or not such obligation has been reduced to judgment. Link to comment Share on other sites More sharing options...
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