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Legal Articles, Credit & Debt

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.

Can I Discharge My Private Student Loans in Bankruptcy? Not Likely!

Student loans continue to push more and more consumers into bankruptcy, but student loans themselves cannot be discharged in most cases, whether privately funded or taken out through the federal government.

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.

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.

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