May 25, 2021 / by Tayne Law Group / Credit Cards, debt help, Debt Relief, debt settlement, Getting Rid of Debt, Personal Finance, Tayne Law Group, Your Credit / 0 comments
Missing a payment won’t impact your credit score, as long as you get caught up within 30 days. After that, though, the delinquency can damage your credit. If you keep ignoring your payments, your credit account could get charged-off as bad debt. At a glance, you might think that having payments charged-off as bad debt […]
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How Does Debt Consolidation Work?
July 20, 2021 / by Tayne Law Group / Credit Cards, debt help, Debt Relief, Getting Rid of Debt, Personal Finance, Your Credit / 0 comments
While many borrowers may have heard of debt consolidation as a strategy for paying down debt faster, few people have an idea of how to answer the question “How does debt consolidation work?” With that in mind, we’ve created a primer on the subject below. Keep reading to learn more about how consolidating your debt […]
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What Happens with a Merchant Cash Advance Breach of Contract?
June 8, 2021 / by Tayne Law Group / Business Debt Relief, debt help, Debt Relief, MCA debt relief, Merchant Cash Advance Loans, Personal Finance, Tayne Law Group, Your Credit / 0 comments
As with a small business loan, a merchant cash advance involves a contract between you and your provider. If you stop making your payments, it could result in a merchant cash advance breach of contract, and the lender could sue you. Dealing with merchant cash advance legal issues can be a pain for small business […]
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Charged-Off as Bad Debt: What Does it Mean?
May 25, 2021 / by Tayne Law Group / Credit Cards, debt help, Debt Relief, debt settlement, Getting Rid of Debt, Personal Finance, Tayne Law Group, Your Credit / 0 comments
Missing a payment won’t impact your credit score, as long as you get caught up within 30 days. After that, though, the delinquency can damage your credit. If you keep ignoring your payments, your credit account could get charged-off as bad debt. At a glance, you might think that having payments charged-off as bad debt […]
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What’s a Debt Validation Letter? (And Why You Should Get One)
May 18, 2021 / by Tayne Law Group / debt help, Debt Relief, debt settlement, Getting Rid of Debt, Personal Finance, Your Credit / 0 comments
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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How to Settle Debt: What’s the Best Way?
May 11, 2021 / by Tayne Law Group / debt help, Debt Relief, debt settlement, Personal Finance / 0 comments
Getting out of debt can be a daunting task, and that’s true even if you’re not in dire straits financially. If you’re considering debt settlement, though, it may be acutely overwhelming. Understanding how to settle debt for less than what you owe can give you an advantage as you work to get back on your […]
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How to Handle Business Debt Settlement
May 4, 2021 / by Tayne Law Group / Business Debt Relief, debt help, Debt Relief, debt settlement, Getting Rid of Debt, MCA debt relief, Tayne Law Group, Your Credit / 0 comments
Running a business is often an all-consuming endeavor. But while hopes are often high among entrepreneurs, the fact is that many businesses struggle. According to the Small Business Administration, 50% of small businesses fail in the first five years. Even if you’re still around, you may have needed to turn to high-interest debt like merchant […]
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Will a Debt Collector Sue and Take You to Court? Here’s What to Know
April 27, 2021 / by Tayne Law Group / debt help, Debt Relief, debt settlement, Your Credit / 0 comments
If you’ve been contacted by a debt collector about a debt they claim you owe, you may start fearing the worst. You may wonder, can debt collectors take you to court, even if the debt doesn’t belong to you or you’re not obligated to pay? And how often do debt collectors take you to court […]
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Debt Collector Threatening to Serve Papers? Here’s What to Do
April 13, 2021 / by Tayne Law Group / Business Debt Relief, debt help, Debt Relief, debt settlement, Medical Debt, Personal Finance / 2 comments
If you’re in a financial hole, dealing with debt collectors can make an already difficult situation worse. If you have a debt collector threatening to serve papers if you don’t pay up immediately, you may be feeling terrified and desperate. But here’s the thing: debt collectors aren’t legally allowed to inform you of a lawsuit […]
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What Happens if You Default on a Business Loan?
April 6, 2021 / by Tayne Law Group / Business Credit Score, debt help, Debt Relief, Getting Rid of Debt / 0 comments
Financing your business can be a daunting experience. Not only is it difficult to obtain financing, especially for new businesses, but it can also be stressful if things don’t go as planned and you struggle to repay what you owe. Small business loan default can occur if you go too long without making payments, and […]
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Do Debt Management Plans Work?
March 23, 2021 / by Tayne Law Group / Credit Cards, debt help, Debt Relief, Getting Rid of Debt, Personal Finance, Your Credit / 0 comments
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?
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