Legal Articles, Collection

Court Judgments Granted: The Clock is Ticking!

A late response to a collections lawsuit may be accepted if you have a valid excuse, but in general, you should plan to answer as soon as possible. Failure to do so can result in negative repercussions, as a default judgment will most likely be granted.

Is the Great Recession the Reason for Today’s Student Loan Crisis?

Delinquencies and defaults on student loans are not only damaging to credit; they can lead to collections lawsuits, interception of tax refunds, wage garnishments, and more.

Consumer Debt Topics: When the Collections Lawsuit Escalates

Medical bills are the number one reason for consumers in the US landing in hot water over money matters. If you've used credit cards to pay for co-pays, prescriptions, doctor’s visits, and procedures, you probably maxed out your limit shockingly fast.

Credit Card Debt This Year: Consumers Paid $104 Billion in Interest and Fees

Taking on a credit card may seem like a good idea at first, but in many cases, credit cards are a slippery slope offering the temptation to spend more than you can afford.

Many Borrowers Working Just to Pay Student Loan Debt

If you are a student loan borrower worried about strained finances, remember that it is important to take every step possible to avoid defaulting. While you may hear of some borrowers letting their loans ‘go,’ be aware that there are many serious repercussions.

Student Loan Refinancing? Don’t Be Led Astray

As student loans burden over 44 million borrowers today and affect the economy of the nation overall, both graduates and non-graduates alike are struggling to the point of national concern.

What If I’m Not Home to Receive Collections Lawsuit Service?

While you may suspect a lawsuit is in the works, the arrival of the process server will certainly confirm your fears. In many cases though, defendants are not home; what is your responsibility in this scenario?

The Financial Judgment: It Does Not Mean You Have to Lose

If you are unable to file a response to a lawsuit, there is the possibility of turning around a default judgment, and it may not be as difficult as you think.

Negotiating the Collections Lawsuit: The Creditor May Worry You Will File for Bankruptcy

Even if you are not planning to file for bankruptcy and are open to negotiating a settlement, you may be surprised to find out how willing a creditor is to work with you.

Court Judgments & Wage Garnishing: What is Exempt?

If your wages are about to be garnished, you and your employer must both be notified. But what about other forms of income?

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