Explore our articles to learn about debt relief, debt settlement, debt consolidation, and various ways to handle your credit card debt, business loans, and much more!
When your credit card is denied and your checks bounce, having a frozen bank account can be a scary and stressful experience. A creditor freezing your bank account can be incredibly unpleasant, especially if you’re not expecting it. As the account holder, you may not even realize that you owe money to someone or that […]
Dealing with credit card debt can be crippling. And if you’re looking for relief, you may be wondering if credit card debt forgiveness is possible for you. Credit card debt forgiveness can be a possibility in certain situations. Understanding when the option is available and how to achieve it can help you break free from […]
When you borrow money from a lender or creditor, you are legally obligated to repay it. Therefore, if you are not holding up your end of the agreement, the lender or creditor can sue you. If the lender, creditor, or collection agency is successful in the lawsuit, it can result in a judgment against you. […]
Debt consolidation is an umbrella term that includes many different approaches to paying off debt. For example, many debt settlement companies advertise themselves as debt consolidation companies, even if they don’t use traditional consolidation programs.
Collection accounts can hurt your credit to the point where it can be difficult to qualify for a loan or credit card. Over time, though, the negative impact of a collection account can diminish.
Having a healthy savings account is always a good idea. It helps financially protect you from the unexpected and can help you reach financial goals. But if you’re also sitting on some debt, you may consider using your savings to pay it off.
Whenever you borrow money, you have a legal obligation to repay it in full. Settling debt for less than you owe is a possibility. But because it means you’re not completely fulfilling your obligation, there may be tax consequences. When settling credit card debt, tax implications may include treating the settled debt as taxable income. […]
If you’re struggling financially and bogged down by debt, you may believe bankruptcy is your only way out. But because of its long-lasting effects, bankruptcy is a less-than-ideal option.
When it comes to debt relief, you may be overwhelmed by your options. And often, many sound similar, leaving you wondering which path is right for you.
While our staff and attorneys are based in New York, Tayne Law Group P.C. serves clients from across the country! Whether you prefer to talk on the phone, schedule a video call, or want to come into one of our New York locations, our staff and lawyers are here to answer any of your questions.
If you’re dealing with a lawsuit, judgment, frozen bank account, notice of wage garnishment, lien, or simply feel out of control of your debt–you are not alone. Give us a call or schedule a free consultation. We’ll help you understand what’s going on and find the best possible debt solution.