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Category: From the Blog

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Personal Finance 101: Should I Save or Pay Off Debt?

Every day, many Americans ask themselves, “Should I save or pay off debt?” If you’ve asked yourself that question recently, you’re not alone. In light of that, we have taken the liberty of answering this question once and for all. Keep reading to learn whether it makes sense to save first or to pay down […]

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How to Rebuild Credit after Bankruptcy

Improving your credit score after bankruptcy is no small feat, but it can be done. All it takes is a bit of hard work and perseverance. With that said, below is a practical guide on how to rebuild credit after bankruptcy. If you follow the steps below, you can eventually see your score start to […]

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When Should You Hire a Student Loan Lawyer?

The student loan debt crisis is real and, for many people, financially crippling. While various programs and strategies can help you reduce your monthly payments, cut interest rates, and even get help paying down your debt, student loans can still be very challenging for some.

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Does debt consolidation hurt your credit

Does Debt Consolidation Hurt Your Credit?

Consolidating debt can have a significant positive impact on your finances, especially if it helps you pay down your debt more quickly and with interest savings. But you may be wondering, “Does debt consolidation hurt your credit score?”

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statute of limitations on debt

What Is the Statute of Limitations on Debt?

If you’ve stopped making payments on a debt balance, your lender or a debt collection agency will likely start actively trying to collect within a handful of months. But states have instituted a statute of limitations on debt, which can help protect you from old debts.

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debt consolidation companies

Are Debt Consolidation Companies Worth It?

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.

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use savings to pay off debt

Should You Use Savings to Pay Off Debt?

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.

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settling credit card debt tax implications

Tax Implications for Settling Credit Card Debt (and How to Minimize What You Owe)

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. […]

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Our Process

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.

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Why people choose Tayne Law

A debt relief law firm

Personalized Program

Every situation is unique. We’ll work with you to find a solution that resolves your debt and frees up your cash flow.

No-billing
Policy

You make one low monthly payment and will never get an unexpected bill.

Experienced NY Debt Attorneys

We have more than 20+ years of experience providing clients with debt relief.

Confidential & Trusted

As a law firm, our attorneys follow strict client confidentiality. Our services are discrete and effective.

Work with Creditors

We work with all creditors, whether you’re dealing with a collections firm, a national bank, credit union, or another lender.

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