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Default Judgment: Should I Just Accept It?

While you may be tempted to put off dealing with debt issues until the last minute, a quick response is the best route towards a solution. The settlement, or even defense, of a collection lawsuit might be easier than you think.

Are Private Student Loans Your Best Bet?

Private student loans can be enticing for a few reasons, particularly if you have exhausted all the federal funding, grants, and scholarships available to you.

Credit Card Debt After Chapter 7 Bankruptcy: How to Avoid It!

Not everyone who files for Chapter 7 bankruptcy is necessarily guilty of money mismanagement; illness, unemployment, or an accident may have caused their finances to spiral out of control.

Court Judgments Could Mean Pay Garnishment

While some creditors may give you some leeway due to sympathy over a serious life issue, eventually the collections activity will become aggressive. Business is business, and at the end of the day, they want their money.

Private Student Loan Borrowers May Still Be in Their Teens

As student loan debt in the US reaches over $1.5 trillion, lenders continue to fund freshman who may find themselves in such debt once they graduate that they are forced to put off life experiences such as starting families, opening businesses, and more.

Collections Lawsuits, Court Judgments and Debt Collectors: Is the Stress Making You Sick?

Studies have shown that stress over money can lead to serious problems with your health, including depression, anxiety, migraine headaches, and even heart attacks.

Should I Worry About My Valuables Being Taken if a Credit Card Company Sues Me?

If you are sued by a credit card company, you may only have 30 days or less to respond after being served. Working with an attorney in writing a response could be critical to your financial future!

Private Loans Contribute to About $150 Billion in Student Debt Crisis

Without as many choices for repayment to fall back on, such as deferment, forbearance, or income-based plans, private student loan borrowers may fall into delinquency or default simply because they are helpless to move forward.

Careless Creditor Paperwork May See Collections Lawsuits Overturned Quickly

While many credit card companies sell their delinquent accounts to debt collections agencies, not every company provides sufficient documentation to the buyer. Without the proper paperwork, a debt collections company usually doesn’t have a leg to stand on in court.

Court Judgments Give Creditors More Options

If a default judgment is granted against you because you did not respond or lost the case in court, your first question may be whether the plaintiff can garnish your wages. In most cases, the answer is yes.

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