Better Credit Blog

APRIL 11, 2022

Since more Americans are under pressure to resolve their debt, we’ve outlined several strategies that reduce or eliminate this financial liability. What is Debt? Debt is the amount of money you owe to a lender or creditor. Some examples of debt are mortgages, credit card dues, and personal loans. Debt Settlement.

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Troutman Sanders

MAY 18, 2021

On May 17, the Consumer Financial Protection Bureau (CFPB) announced a settlement with DMB Financial LLC, a Massachusetts-based debt-settlement company.

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The Kaplan Group

OCTOBER 19, 2020

These provisions mean that you may owe interest on unpaid debts. You may also be responsible for paying the costs of the creditor hiring a collection agency or legal costs. Debt Settlement Services. In our opinion, credit counselors generally do a much better job for both clients and their creditors. Garnishment.

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Better Credit Blog

APRIL 1, 2022

In other words, has Capital One sold your unpaid credit card debt to another collection agency, or is the debt still with Capital One? You can find out who owns your Capital One debt by getting a current copy of your credit report and taking a look to see who is listed as the creditor on the entry.

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Taurus Collect

JUNE 12, 2023

But how often do debt collection agencies take their clients’ customers to court? From understanding the role of a debt collector and when they legally can file suit against slow-paying customers, these are essential facts for all business owners who wish to get paid while keeping customer relationships intact.

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Better Credit Blog

JANUARY 20, 2022

The firm’s flagship service involves negotiating with creditors to reduce what you owe in exchange for paying off a certain amount as a lump sum. If you sign up to Freedom Debt Relief’s program, an advisor from the company will: Offer you a free financial evaluation as the first step. About Freedom Debt Relief. Ads by Money.

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Better Credit Blog

MAY 4, 2022

Debt Consolidation Guide. Owing money to several creditors and remembering when the monthly payments are due for all of them can be overwhelming. To help you decide, we’ll explain how it works, the advantages and drawbacks of debt consolidation, as well as some alternatives you might want to consider. What is Debt Consolidation?

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Troutman Sanders

NOVEMBER 1, 2021

28, 2021) , plaintiff Roberta Bordeaux, on behalf of herself and a class of similarly situated persons, asserted that defendant debt collector LTD Financial Services LP (LTD) violated the Fair Debt Collection Practices Act (FDCPA) by sending collection letters, referencing potential tax reporting consequences of accepting a debt settlement.

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Sawin & Shea

NOVEMBER 8, 2023

This means you will be contacted (usually A LOT) by their debt collectors to arrange payment. In short, getting behind on your credit card payments will cost you a lot more money and add to your credit card debt stress for the foreseeable future. Chapter 13 Bankruptcy , which helps you develop a debt repayment plan.

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Sawin & Shea

MAY 2, 2024

Whether you’re facing foreclosure , repossession, wage garnishments, or relentless creditor harassment, our expertise in bankruptcy law can offer the protection and relief you’ve been seeking. Rather than settlements or minimum payments to each creditor, a single payroll deduction is made to fund your plan over 3-5 years.

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FFGN COLLECT NY

DECEMBER 11, 2023

Every experienced debt collection attorney must complete this before taking any other legal action. Empathic Communication A business or client hired you as a debt collection attorney to help them collect the debts owed by a creditor. The bedrock of a practical and ethical debt collection process lies in communication.

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Credit Corp

APRIL 2, 2024

A credit lawyer—also called a credit repair lawyer—is an attorney who’s qualified to help you repair your credit and fight debt collectors. Send a Goodwill Letter Depending on your situation, a credit attorney may be able to send a goodwill letter to the creditors or credit bureaus on your behalf. What Is a Credit Lawyer?

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Collection Industry News

DECEMBER 1, 2022

Select spoke with Shelly-Ann Eweka (CFP, ChFC), a wealth management director at TIAA , who shares everything you need to know about debt collections. The most common types of debt that go to collections are credit card balances and medical bills , but there are many other reasons why people go into debt.

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Credit Corp

MARCH 4, 2025

Falling behind on your debt can be frightening. You may wonder if the creditor will come for your property or sue you. Sometimes, you dont even realize you owe a debt before a credit collection service comes calling. Learn how to negotiate with creditors below. Why Should You Negotiate with Creditors?

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