The core component of any debt management plan is your budget. Everyone needs a budget, but that’s especially true if your goal is to avoid debt collectors and negative effects on yourcredit score. You may choose to follow the50-30-20 budgeting rule, which allocates 20% of your financial...
1. Make and stick to a budget The core component of any debt management plan is your budget. Everyone needs a budget, but that’s especially true if your goal is to avoid debt collectors and negative effects on your credit score. You may choose to follow the 50-30-20 budgeting rule, ...
Stop Debt Collector Harassment. Our Consumer Law Attorneys or Consumer Protection Lawyers help you against Debt Collectors. Call at (855) 254-7841 now.
Debt collectors can’t threaten to take money from your paycheck (garnish your wages) or bank account but leave out the fact that before they do, they must sue you and then get a court judgment to do so. And, they can’t threaten to take your unemployment money, disability income, chil...
Some insurance and disability benefits are protected including mutual life or accident proceeds Credit Card Debt Relief Act of 2010 The Credit CardDebt ReliefAct of 2010 has streamlined the methods for repaying debt and regulated how collectors work with debtors. The Act has impacted debt relief co...
Debt can have a profound impact on mental health. Learn how to cope with your debt stress and get your finances under control in the process.
you may have rights once the statute of limitation on the debt has expired. Debt collectors can still try to collect the money you owe, but if they sue you you can raise the statute of limitations as a defense. The statute of limitation varies by type of debt and by state. For more ...
The Credit Card Debt Relief Act of 2010 has streamlined the methods for repaying debt and regulated how collectors work with debtors. The Act has impacted debt relief collections several ways: The number of fraudulent or weak performing credit card companies are gone ...
Companies now routinely use the courts to pursue millions of people over even small consumer debts. With the power granted by a court judgment, collectors can seize a chunk of a debtor’s pay. The highest rates of garnishment areamong workers who earn between $25,000 and $40,000, but the...
Still, a lot of collectors like to reage debts on your credit report—that is, make them seem younger than they really are. They can do this by changing the date of last payment or last activity on the account. Reaging will make the debt stay on your report longer, and may even tric...