For many, this is the toughest question to answer. It is easy to think that if you aren’t behind on all of your bills and are still managing payments, then you aren’t in trouble. But, how are you managing these payments? Are you putting your necessities on your credit card? Are you taking out more … Read more
Debt Collectors have a bad reputation. Rightfully so. Many of them take advantage of the fact that most Americans don’t know their rights regarding the collection of a debt. In order to collect a debt, many of them will lie, misrepresent facts, or commit fraud in order for a debtor to pay the debt collector. … Read more
When you fall behind on payments, the credit card company may or may not sue you depending upon the amount you owe. Credit card companies usually file a lawsuit when you are at least 4 to 6 months past due. To avoid being sued, contact your creditors and negotiate a payment plan you can afford. … Read more
A recessed economy and bursting of the real estate bubble have pushed borrowers to the point where they can no longer keep up with payments on their credit cards and consumer debt. For those searching for solutions, the decision often comes down to choosing between a variety of debt relief options. The options include debt … Read more