Credit Corp

MARCH 16, 2021

Is your credit card debt behaving like an unruly boy and has gone completely out of your control? Are you spending sleepless nights wondering how to get yourself out of a debt spiral? Or perhaps it’s a burgeoning credit card debt? How to Control Your Debt Yourself. Look Where You Are.

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Better Credit Blog

APRIL 1, 2022

To remove Capital One Collections from your credit report, you first need to know who currently owns the debt. In other words, has Capital One sold your unpaid credit card debt to another collection agency, or is the debt still with Capital One? Pay to Delete the Capital One Collections.

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Collection Industry News

JUNE 7, 2021

A debt collector’s offer to settle an outstanding debt didn’t need to inform the consumer that their balance could increase due to interest and fees, because it didn’t make the letter misleading under federal law, the Second Circuit said Friday. The company mailed him a number of collection notices.

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Collection Industry News

APRIL 13, 2024

But now finances have been stretched thin by rising costs of essentials like food, housing and energy, so many people have had no choice but to turn to borrowing products, like credit cards, to help cover their costs. In turn, getting out of high-interest credit card debt needs to be a top priority for most people.

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Better Credit Blog

APRIL 11, 2022

Although accruing lots of debt isn’t ideal, it may sometimes be unavoidable, such as mortgage payments or student loans. In these situations, debt is considered positive mainly because your financial objective has value and long-term benefits. You may be sent to collections. When this happens, your credit score drops.

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Collection Industry News

DECEMBER 1, 2022

Collections agencies buy your unpaid credit card debt from your card issuer when your balance lingers too long — but that doesn’t mean it goes away. When a collections representative from your credit card issuer calls you, it’s usually because you haven’t made at least the minimum payment for at least 30 days.

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Credit Corp

AUGUST 24, 2021

This is to help ensure that all outstanding items are being looked at and help the counselor understand if you’re dealing with collections. The credit counselor helps you create a plan. This might include options such as budgeting, debt settlement, consolidation loans, or debt management programs.

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Sawin & Shea

AUGUST 24, 2020

Whether or not you file for bankruptcy also depends on the kind of debt you have. Bankruptcy will wipe out credit card debt, medical bills, and personal loans, but will not eliminate primary obligation debt; things like student loans, child and spousal support, and newer tax debt.

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Better Credit Blog

APRIL 4, 2022

Regardless of what a debt collector might tell you, you have a lot of rights when it comes to how debt can be collected. In fact, merely mentioning that you understand your rights will, many times, stop debt collectors in their tracks. Your rights come from the Fair Debt Collection Practices Act (FDCPA).

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Sawin & Shea

NOVEMBER 8, 2023

Factors like inflation, high interest rates, and economic uncertainty have found more and more Americans relying on credit cards to get by. In fact, Americans are at an all-time high when it comes to credit debt to the tune of $1 Trillion. On average, Americans individually carry about $7,951 in credit card debt.

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Debt Guru

AUGUST 30, 2021

When your voicemail is filled with messages from collection agencies and stacks of bills arrive in your mailbox that you have no chance of paying, it’s time for some serious debt relief help. There are two forms of bankruptcy: Chapter 7 bankruptcy is when you go to court and ask that all of your outstanding debt is discharged.

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Credit Corp

JUNE 1, 2021

Include a line item in the budget for any credit card debt. Collect Rent. Some parents choose to put collected rent payments into a savings account for a young Millennial child to use to furnish their eventual new home or use it as a down payment on a home. Pay Student Loan Debt. Pay Student Loan Debt.

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Debt Free Colorado

DECEMBER 23, 2024

In this article, we will explore the types of unsecured debts that bankruptcy can erase. Quick Summary: Filing for bankruptcy stops all debt collection right away through the automatic stay. You must take credit counseling before filing and complete a financial course after filing to get debt relief.

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Credit Corp

AUGUST 8, 2024

If the court determines that you owe your cosigner money, it can collect those funds from you in several ways. When the court orders a wage garnishment, the money you earn from your job will go to your cosigner to settle your debt. What Can Happen After Going to Court? Two common methods include wage garnishments and bank levies.

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Sawin & Shea

MAY 2, 2024

While there is no minimum debt amount for filing for bankruptcy, you’ll want to make sure you have enough dischargeable debt to make filing worthwhile. Dischargeable debts are those that can be eliminated through bankruptcy. The automatic stay gives you some breathing room to get your finances in order.

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Better Credit Blog

JANUARY 11, 2022

This includes jewelry, collectibles, stocks, retirement savings, and household goods. Upon filing of the bankruptcy schedules you have invoked an injunction against most creditor collection activity; in other words, they must stop all collection activity.”. -“Fourth, you attend a meeting of creditors.

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