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 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 debt collection lawsuit, it can result in a judgment […]
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 […]
Managing debt can be challenging at any age, but debt relief for seniors can be especially challenging when living on a fixed income. As retirement savings may not always cover unexpected expenses or accumulated debts, many seniors find themselves struggling to keep up with financial obligations. In 2022, the average debt of consumers aged 65 […]
If you have a past-due debt in collections, it can be nerve-wracking to deal with debt collectors. Especially if you aren’t sure what your rights are. Fortunately, there are debt collection laws in place to protect you from unscrupulous practices. A big one is the Fair Debt Collection Practices Act (FDCPA). Read on to learn […]
If you took out a merchant cash advance (MCA) or other form of business financing, you might have a UCC lien on your business credit reports. UCC liens are common. However, they can present some challenges for business owners, especially when it comes to borrowing money in the future. A UCC lien can also cause […]
If you’ve taken out a merchant cash advance (MCA) for your business and are struggling to repay it, you risk your lender taking legal action against you. Unfortunately, one of the potential outcomes of defaulting on your MCA is having your bank account frozen to repay your debt. If you’re struggling to repay your MCA […]
If you’re facing a merchant cash advance (MCA) dispute, you may be wondering whether arbitration or a lawsuit is the better path to resolve it. MCA agreements often include arbitration clauses, forcing business owners to settle disputes outside of court. But is arbitration always the right choice? Or could going through the process of a […]
Are you a merchant cash advance borrower facing legal action from an MCA provider? This can be a scary and stressful situation. The good news is that there are measures you can take to safeguard yourself and your rights. Read on to learn the options for a merchant cash advance defense when facing a lawsuit. […]
If you’re behind on your credit card payments, there may be a handful of relief options available to you, including credit card debt forgiveness. Depending on your situation, you may be able to shave hundreds or even thousands of dollars off the amount you owe. How does credit card debt forgiveness work? Here’s what you […]
According to the latest Federal Reserve data, nearly half of American households have debt. And while debt is common, it can quickly become overwhelming, leading to negative consequences like poor credit, debt being sent to collections, and even lawsuits. If you’re being sued for your credit card debt, it’s important to understand your options, your […]
If you’re served papers for credit card debt, it’s important to understand the implications and how a debt collection lawsuit might impact you. It’s also crucial to know how to respond to a summons and complaint what you can do to protect yourself. What Does It Mean to Be Served? If you’ve been served papers […]
Debt relief is an umbrella term that includes several potential solutions for reducing your debt burden. Some common options include debt settlement, debt restructuring, and more. While there are some clear benefits to seeking debt relief, there are also some potential risks involved with the process. Understanding the debt relief pros and cons can help […]
If you’re stuck in credit card debt, there are several possible outcomes. One possible outcome, if you fall far enough behind on your payments, is that your lender will charge off your debt, which essentially means writing it off as a loss for accounting purposes. A charge-off may or may not impact you as the […]
If you’ve been sued by a creditor and lost the court case, you may be subject to a judgment lien. This legal claim can have an impact on your financial situation and your property, so it’s important to understand how it works, as well as how to get one removed. Here’s what you need to […]
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