Introduction: The Relief People Expected Did Not Come Many people tuned into today’s Fed meeting with one simple hope: perhaps credit card interest rates would finally decrease. For numerous families,…
The Introduction: What is Debt Settlement and Why State Laws Matter Debt settlement (debt negotiation, debt adjustment, or debt relief) refers to a process whereby a debtor (money owing individual)…
Introduction: When Debt Forgiveness Becomes a Tax Bombshell If a debt is paid, a portion of it is forgiven, or a lender releases it, it’s a kind of relief, but…
Introduction When multiple parties, such as cosigners or co-borrowers, share a credit account, the loan intertwines their finances indefinitely. This arrangement becomes complicated when an individual attempts to settle a…
Overview If you come to an arrangement to pay off part of a debt to an amount that is not the entire amount of the debt that is owing, then…
Overview When you get behind on payments on your debts, either bills or loans, not terribly surprisingly, not only will you be contacted by the debt to which you owe…
Introduction: When Negotiations Fail to End Lawsuits Debt settlement can actually be an effective financial plan to have by individuals who found themselves with debts that were overwhelming and not…
Settling Judgments and Court-Ordered Liens: Intro If a creditor sues and wins, it often leads to a judgment, a court order requiring your debt to be paid. If it’s not…
Introduction: Bankruptcy is a last resort when you have a pile of debt on your hands. After you’ve initiated the bankruptcy, however, you might have such questions as: Are there…
Introduction: What Exactly Is the Statute of Limitations on Debt by state? Once someone gets behind on their debt payments, it is not uncommon for the creditors as well as…
