Credit Corp

MAY 1, 2024

Credit card debt forgiveness, also known as debt settlement, involves negotiating with creditors to reduce the amount owed on your credit card balances. trillion in credit card debt. What Is Debt Forgiveness? What Is Debt Forgiveness?

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Sawin & Shea

AUGUST 30, 2023

Which Debts Cannot be Discharged in Bankruptcy? Section 523 of the United States Bankruptcy Code explains which debts cannot be discharged in bankruptcy: Child support. Car loans (unless you allow your car to be repossessed, in which case you will not owe any past payments). Most federal student loans. Personal loans.

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Collection Industry News

JUNE 1, 2023

Expanding Debt Markets: Debt markets have witnessed significant expansion in recent years, both in developed and emerging economies. The growing complexity of financial products, such as credit cards, mortgages, and student loans, has led to a surge in outstanding debts.

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Sawin & Shea

JANUARY 18, 2023

The debts that you’ll be able to discharge with Chapter 7 bankruptcy include: Medical debts Credit card debts Majority of auto accident claims Personal loans Business debts Past-due rent debts Past-due utility debts Majority of attorney fees Majority of civil court judgments Old tax penalties and some unpaid taxes Repossession deficiency charges Collection (..)

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Sawin & Shea

SEPTEMBER 27, 2023

The money earned from these sales then goes to the creditors and any remaining balances on the debts are discharged. Debt collectors may also report delinquent accounts to credit bureaus, which can negatively impact your credit score.

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Debt Free Colorado

FEBRUARY 21, 2022

The Fair Debt Collection Practices Act (FDCPA) applies to collection firms and debt collectors attempting to recover consumer debts. Consumer debts include credit card debts, vehicle loans, medical costs, and school loans. However, the UCCC does not cover all consumer transactions.

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Consumer Finance Watch

DECEMBER 12, 2019

In 2009, respondent Klemm & Associates (“Klemm”) sued petitioner Kevin Rotkiske (“Rotkiske”) in state court to enforce a credit card debt, which was allegedly beyond Pennsylvania’s statute of limitations for enforcement (“2009 Action”). Summary of Facts. An unknown individual accepted service on behalf of Rotkiske.

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FFGN COLLECT NY

DECEMBER 12, 2023

The attorney or debt collector must explicitly identify the debt collection activities allowed by the Fair Debt Collection Practices Act. In addition, the attorney must provide a list of income types protected from collection should the court grant the debt collector a judgment on the case.

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Burr Forman

JANUARY 29, 2021

Early cases to consider this issue resulted in a grant of summary judgment for the defendant upon a finding that the data was accurately reported according to the CRRG guidelines. 29, 2006), the plaintiff had made multiple late payments on her car loan before paying the loan off entirely. In Moulton v. Grossman , at *2.

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Collection Industry News

FEBRUARY 21, 2022

In the case, the defendant was retained to collect plaintiff’s credit card debt. Defendant moved for a judgment on the pleadings. In doing so, it rejected defendant’s argument that only a demand for payment could be a communication “in connection with the collection of any debt.” See Khimmat v. LPA , 2022 U.S.

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Credit Corp

DECEMBER 14, 2020

Whether you have medical debt, credit card debt or unpaid student loans , getting calls or letters from debt collection companies can be frustrating. But it’s especially frustrating if your debt is several years old. That new judgment would have its own seven-year reporting period.

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Sawin & Shea

AUGUST 4, 2021

Even if the lender does forgive the amount of the loan not paid upon closing, you may be taxed on this money by the IRS. A short sale is a significant negative on your credit score. A short sale can appear on your credit reports as “not paid as agreed.” A Chapter 7 bankruptcy will stay on your credit report for 10 years.

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Roths Child Law

JULY 26, 2020

In Chapter 7, several different types of debts are eligible for discharge. This includes personal loans, credit card debts, judgments from a lawsuit, medical bills, lease contracts and other types of unsecured debts.

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Sawin & Shea

SEPTEMBER 28, 2022

We recommend you mention your bankruptcy yourself, rather than waiting until you are asked about it after a credit check. Student loans, crushing medical debts, credit card debts – none of these lessen your worth as an individual or as an employee. Yes, if the company runs a credit report.

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Collection Industry News

JULY 27, 2021

Court of Appeals for the Seventh Circuit recently affirmed judgments entered in separate cases consolidated on appeal in favor of several credit reporting agencies rejecting consumers’ claims of violations of the federal Fair Credit Reporting Act (FCRA). Source: site. 1681, et seq., 1681, et seq., See Brill v.

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Troutman Sanders

MAY 9, 2023

On May 1, the CFPB proposed a rule to implement a congressional mandate to establish consumer protections for residential property assessed clean energy (PACE) loans. PACE loans, secured by a property tax lien on the borrower’s home, are often promoted as a way to finance clean energy improvements, such as solar panels.

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Credit Corp

AUGUST 31, 2021

But they also know that most borrowers who are sued for old debts won’t show up in court, and the judge will issue a default judgment. If your debt is past the statute of limitations at this point, you can re-open the default judgment and ask the judge to vacate it because it is time-barred. You default on that debt.

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Debt Free Colorado

DECEMBER 9, 2021

Unlike Chapter 7, Chapter 13 bankruptcy enables you to decrease the interest rate on your vehicle loan and, in certain situations, the total amount owed. It’s a relatively straightforward technique to eliminate the majority of your debt. . Chapter 7 is a disaster when it comes to secured debt. . medical debt .

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Sawin & Shea

MAY 2, 2024

Enter Sawin & Shea, LLC – a firm with over 50 years of combined experience in bankruptcy services, dedicated to providing compassionate and non-judgmental representation to individuals and families in need. Bankruptcy filers with income below their state’s median can potentially qualify for Chapter 7 to discharge many debts.

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Collection Industry News

SEPTEMBER 23, 2020

However, over the past several years, the civil courts in most states have been overrun by debt collection cases against consumers. The increase in lawsuits filed against consumers for unpaid medical debt, credit card bills, automobile loans and other collection issues comes as no surprise to attorneys and others working in the industry.

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FDCPA Defense

JUNE 9, 2012

Midland Credit Mgmt., 2009) (letter describing debt, which included interest applied by original creditor, as the "principal" amount owed to collector did not violate section 1692e: "If a statement would not mislead the unsophisticated consumer, it does not violate the FDCPA - even if it is false in some technical sense."); Miller v.

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Sawin & Shea

AUGUST 24, 2022

Chapter 7 bankruptcy liquidates your assets in order to discharge unsecured debts, such as medical bills and credit card debt. If you’re eligible to file under Chapter 7 and only have unsecured debts, this may be your best course of action. If you fail to make your payments, the lender can recover the collateral.

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