How to Stop Harassing Debt Collection Calls (Legal Solutions)
It’s an undeniable fact that dealing with debt is stressful enough on its own. Adding relentless collection calls to that makes it a lot more overwhelming. Unfortunately, some debt collectors out there do use illegal and unlawful collection tactics. They lie about your debt and then keep pestering you repeatedly on the phone. Unfortunately, as […]
What to Do If a Creditor Violates Debt Collection Laws?
Things can sometimes get really overwhelming when your unpaid debt is piling up. It’s not just the debt that you have to worry about but the increasing interest and the impact of missed payments on your credit too. On top of that, if your creditor starts harassing or threatening you, it can put unimaginable strain […]
Can a Debt Settlement Company Get You Sued? What You Need to Know
Debt settlement is a tiring process and it’s not something you achieve overnight. It takes months and sometimes years to become debt-free through settlement. Now, people usually opt for it as a last resort when they are struck with a financial crisis. During such difficult times, it becomes really difficult to deal with the stress […]
What is the Fair Debt Collection Practices Act (FDCPA) & How It Protects You?
Dealing with piled up debt is already a very stressful task especially when you are going through a financial crisis. In such a situation, handling your creditor is still easier but if your debt goes into collections, it can wreak havoc on your mental health. Debt collectors use aggressive tactics to recover the loan amount […]
Is Debt Settlement Legal? A Guide to Understanding Debt Laws
As per research, around 1.2 million debt accounts were settled in the US in the year 2022. That makes around $2.8 billion of forgiven debt. Debt settlement is undeniably one of the most popular and commonly used debt relief options especially because it reduces the debt amount and provides the kind of relief borrowers are […]
Debt Settlement for Senior Citizens: How Retirees Can Manage Debt
The cost of living is rising at a rapid pace and retirement savings aren’t just enough especially for senior citizens who are still drowning in debt. It’s a fact that debt can put some serious mental burden on retirees. It can be anything from lingering credit card bills to personal loans, medical loans or even […]
Debt Settlement And Taxes: Do You Have To Pay Taxes On Forgiven Debt?
Getting your loan approved seems like the best thing that could ever happen and people usually assume that the loan will fix all their financial problems. However, the trouble begins when they have to arrange funds to make their monthly repayments, that’s where people usually get stuck. The reason is that they aren’t just returning […]
Auto Loan Debt Settlement: Can You Settle Car Loan Debt?
Auto loans are quite common nowadays and it’s undeniably the best option when you want to own a vehicle but can’t afford to pay the full price at once. Millions of people out there have taken up auto loans but unfortunately, most of them aren’t able to pay off their loan due to financial hardships. […]
Debt Settlement for Business Loans: How Entrepreneurs Can Reduce Debt
The world of entrepreneurship is quite dynamic. When you have your desired access to capital, it’s one of the biggest lifelines for your business but at the same time it’s a liability that you have to deal with. Even though business loans are important for the survival and growth of a company, they still can […]
Debt Settlement For Student Loans: What Are Your Options?
With the passage of time, student loans are becoming more and more common. Where it helps people borrow money, at the same time, it’s a huge financial burden too, especially when you don’t have enough in your account to pay the loan off. As per a research, 42.7 million people in the US have federal […]
How Long Does Debt Settlement Stay on Your Credit Report?
Financial strain is inevitable and it can happen to anyone. To deal with such a situation people often look for ways to sort their financial commitments without worrying about the consequences. For example, there are multiple debt relief options available and yes they can help reduce your debt but they can stick around on your […]
How To Avoid A Credit Score Drop During Debt Settlement?
One major drawback of a debt settlement is that your credit score gets dinged. It’s not just with debt settlement, in fact, even if you choose any other debt relief option, you’ll face similar consequences. The fact that it damages your credit report is the reason why people use it when it’s their last resort […]