Remove Debt settlement Remove Garnishment Remove Lender
article thumbnail

Dealing With Debt From COVID-19

Debt Free Colorado

Many creditors such as mortgage servicers, auto lenders, and credit card companies are offering assistance to individuals financially affected by the pandemic. Unlike mortgage lenders, most landlords are simply not in a financial position to weather the loss of rental income due to the high expenses associated with the rental property itself.

article thumbnail

How To Deal with Debt Collectors When You Can’t Pay

Better Credit Blog

Agents can simply imply threats, and that’s often enough to prompt payment, such as threatening to call your employer and set up wage garnishment arrangements. But, under federal law, a legitimate debt collector must first successfully sue you in civil court to be able to garnish your wages.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Tips For Credit Card Debt Relief

Sawin & Shea

Also know that there is no legal protection from creditors in a debt management plan. If a creditor does not want to participate, they can still pursue you in all the ways allowed by law including lawsuits and wage garnishments. Debt Settlement.

article thumbnail

Freedom Debt Relief Sued for Misleading Consumers

Debt Free Colorado

Offers for debt settlement and debt repayment plans often sound too-good-to-be-true. government agency that makes sure banks, lenders, and other financial companies treat you fairly”, Freedom Debt Relief’s offers actually were too-good-to-be-true.

article thumbnail

Can a Cosigner Take You to Court? 4 Potential Scenarios + Alternatives

Credit Corp

But most states allow cosigners to take primary borrowers to court in the following situations: Cross claims: If you default on or fail to repay the loan, the lender could sue the cosigner for the money owed. The cosigner may then be able to sue you for the money that the lender is trying to recover.

Loans 40
article thumbnail

How to Remove Capital One Collections From Your Credit Report

Better Credit Blog

That said, there is no harm in trying this method even if Capital One still owns your old credit card debt. Why would this kind of debt settlement work? Because it allows the credit card company (or third-party debt collector) to collect at least a part of your balance. It’s definitely worked in the past.

article thumbnail

How Much Debt Is Needed to File for Bankruptcy?

Sawin & Shea

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. The automatic stay is a federal injunction that stops most creditor actions to collect debts from the moment your bankruptcy case is filed.