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 […]
Per the latest numbers from Debt.org, the average American household carried $5,315 worth of credit card debt in the fourth quarter of 2020. With numbers like those, it’s no surprise that many would-be-homebuyers wonder, “Can you buy a house with credit card debt?” The short answer is, yes, it is possible to buy a house […]
If you’ve been struggling with debt for a while, you may have heard about debt settlement. But did you know that the settlement process often starts with writing a letter? In light of that, we’ve created a guide to writing a settlement letter for debt settlement. So, read on to learn what a debt settlement […]
If you’re struggling with credit card debt, you may be considering different ways to address it. During your research, you may have come across debt management plans. But do debt management plans work? And how can they help you achieve your goal of becoming debt-free?
Getting sued can be scary — but doing nothing about it is even worse! That typically triggers a motion for default judgment, which happens when you don’t show up to court or enter a motion to dismiss after receiving a summons. If you’re not familiar with legal terms and feel uncomfortable in court, it might […]
As a small business owner, maintaining cash flow can be challenging. For example, you might have relied on a merchant cash advance to cover your expenses. Except now, you’re behind on payments and facing an MCA lawsuit in New York. You might be wondering, “now what?” First, know that there’s no need to panic. Below, […]
As a small business owner, sometimes you need extra business funding to keep operating smoothly. Merchant cash advances (MCAs) have become a popular source of fast business financing. Unlike typical bank loans, MCAs are typically repaid with future sales from credit card sales. Unfortunately, they don’t have the same benefits and protections as a traditional […]
It’s common for credit card companies to sue for nonpayment. So if you’re far behind on your Capital One credit card payments, it’s possible that this issuer has filed a debt collection lawsuit. Although this can be a stressful situation, there’s no need to panic. It’s also important to address the lawsuit right away so […]
Are you having difficulty making ends meet with your credit card payments? You’re not alone. Many folks experience the same problem. Managing ballooning balances and the fear of debt collectors can be daunting. But don’t worry — options are available to help you get back on track with your credit card debt. Read on to […]
Dealing with outstanding debts can be an all-consuming experience. Most U.S. adults have some type of debt, whether it’s a car loan, mortgage, or credit card bill. They manage it well by making regular payments. But, sometimes, things go awry. Administrative errors or blatant misrepresentations could mean you are wrongfully asked to pay a debt […]
In the unpredictable world of business and entrepreneurship, some business owners eventually face the tough decision to close their doors. Perhaps your business benefited from an Economic Injury Disaster Loan (EIDL) during times of hardship. Now the question is: What happens to the EIDL when the business is no longer operational? From understanding your obligations […]
It’s common for credit card companies to sue for nonpayment. So if you’re far behind on your Capital One credit card payments, it’s possible that this issuer has filed a debt collection lawsuit. Although this can be a stressful situation, there’s no need to panic. It’s also important to address the lawsuit right away so […]
If you’ve missed credit card payments or defaulted on a loan, the creditor will try to collect the debt through various methods. But if they’re unsuccessful, they may file a lawsuit against you in an attempt to collect the debt by obtaining a court judgment. If that’s happened, you might be wondering how to get […]
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