Explore expert insights and guidance on understanding and navigating debt.
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 […]
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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 […]
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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 […]
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If you need funding for your small business, there are many financing options. Depending on your situation, needs and goals, you may consider a merchant cash advance (MCA) or a bank loan. Before signing away for the funds, it’s important to note that the two options couldn’t be more different in many ways. Here are […]
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If a debt collector has contacted you, it’s critical to verify that the debt belongs to you and the information is accurate before you agree to pay or even acknowledge that it’s yours. Collection agencies are required by law to provide a debt validation letter after they first contact you, commonly referred to as proof […]
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If you have credit card debt or student loans but you have some retirement savings, there’s a good chance that you’ve thought about borrowing from a 401(k) to pay off debt. While borrowing from your retirement account is certainly an option, like any other financial decision, it does come with its own pros and cons. […]
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Merchant cash advances (MCAs) can seem like a lifeline for small businesses that need quick access to capital. They offer fast funding, are relatively easy to obtain, and can bridge urgent cash flow gaps when banks say no. But that speed and convenience often come at a cost; MCA agreements are notoriously complex, with high […]
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Merchant cash advances (MCAs) can feel like a lifeline when your business needs quick access to capital, but the repayment terms often become a serious financial strain. Unlike traditional loans, MCAs take a fixed percentage of your daily or weekly sales, leaving you with less flexibility to manage other financial obligations. If you’re juggling multiple […]
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If your business needs fast cash, you might be considering a merchant cash advance (MCA). But is a merchant cash advance the same thing as a loan? Not exactly, and understanding the difference can have a big impact on your business’s bottom line. Unlike traditional loans, which are repaid in fixed monthly installments with interest, […]
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You’re not alone if you’re juggling credit card balances but dreaming of a new home. Many buyers wonder if debt will block their mortgage approval. According to the latest numbers from the Federal Reserve Bank of St. Louis, the average American household carried $6,065 worth of credit card debt in 2024. Given these numbers, it’s […]
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Are you far behind on your credit card payments? You may be worried that your credit card company will sue you. This is a very real possibility, especially if you owe a large amount and haven’t made any payments for more than six months. But how often do credit card companies sue for non-payment? The […]
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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 […]
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Being in debt can be an emotional burden in addition to a financial one. Unfortunately, if you’re unable to pay back your debt, your lender can sue you to force you to pay what you owe. If you’ve been sued by a lender or debt collector, don’t lose hope yet — there are steps you […]
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Wage garnishment is one of several tools lenders and debt collection agencies have to help them collect unpaid debts. For example, if you stop making payments on your credit card debt, the lender’s first course of action will likely be collections calls and letters. But if you continue to miss your payments, the lender may […]
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Choosing to consolidate your debt is a big step, and working with the right debt help company can make all the difference. Before committing, though, it’s important to do your research. Asking the most important questions can help you avoid scams, spot hidden fees, and ensure you’re working with a reputable, trustworthy debt consolidation company. […]
Read NowWhile 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.
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Your initial phone consultation is free and requires no committment!
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Your initial phone consultation is free and requires no commitment!
A team member will respond within 1 business day. Your free consultation phone call may not be with an attorney and does not include legal advice. This is limited to the first call on a new matter.
Your initial phone consultation is free and requires no commitment!
A team member will respond within 1 business day. Your free consultation phone call may not be with an attorney and does not include legal advice. This is limited to the first call on a new matter.
A Tayne Law team member will respond within
1 business day.
Call (866) 890-7337