Legal Articles, Collection

Collections Lawsuits: Stop Them Before They Happen

Collectors may be patient for a short time if you have been going through a rough spell after sickness or an accident, but eventually, they want to collect, even if it is much less than they were originally owed.

Student Loan Debt Ten Years Ago Was $600 Billion

If you are having issues paying your student loan debt, review every option available to you before going into default. The repercussions are long-term and can lead to wage garnishing, federal interception of tax refunds, and other major problems.

Default Judgments Can Make Finances Tight for Younger Debtors Especially

Dealing with bills is challenging to begin with, but you may be completely overwhelmed after being served with a lawsuit or finding that a default judgment has been granted against you if you failed to take proper action.

Student Loan Borrowing Shows No Signs of Decrease Despite Crisis

As student loan debt reaches $1.5 trillion, it is obvious that the financial implications are going to reach much further than the individual student.

Served with a Collections Lawsuit: I Want to Settle

With skilled legal help, you may be able to negotiate a payoff on a collections lawsuit at a heavily discounted sum, allowing you to satisfy the debt and move on with your life.

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Outline of presentation to lawyers outlining debt collection strategies

Default Judgments Lead to Major Financial Hassles

A creditor with a judgment against you can utilize aggressive tactics to see the debt repaid, such as diverting funds from your paycheck, freezing your financial accounts, and even taking property and then selling it at public auction.

Credit Cards Stowed Away for Emergencies? Don’t Let Them Turn into Trouble

Manipulating a wide range of different credit cards can be a form of income for some credit savvy consumers these days, and it seems to be especially popular with the millennial crowd.

Credit Card Debt: Millennials Feeling the Crunch

People between the ages of 18 and 34 may be feeling constricted by growing credit card debt and debilitated by poor credit. While there is much talk about millennials not wanting to buy cars or homes or other big-ticket items, the truth is that many just cannot due to a lack of funds.

Bankruptcy Could Save You from Loss of Wages & Property Seizure

If you are eligible to file for Chapter 7 bankruptcy, you could see all your unsecured debt discharged within three to six months. The automatic stay goes into effect as soon as you file, meaning that foreclosure is staved off and all debt collections activity is halted.

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