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There are a number of people who struggle with debt and would like to know if it is possible to trust debt mediators to help resolve it. When you go to a skilled debt mediator for help with your debt, this can make quite a difference to your financial situation.
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Debtor Protection from FIA Card Services Harassment
Under the Federal Fair Debt Collection Practices Act, FIA Card Services and other creditors cannot use abusive, deceptive or unfair debt collection practices against you or any other debtor to collect a debt. They may not participate in the following activities:
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Handling Chapter 7 Bankruptcy Debt
Chapter 7 is the “nuclear option” of bankruptcy—essentially, you sell pretty much everything you’ve got and turn out your pockets, then pay the proceeds to your creditors in exchange for being released from your debts. Since the assets you could be forced to sell or turn over include your house or other real estate, much of your personal property, and pretty much everything...
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How long do unpaid debts stay on credit reports?
Unpaid debts can be easy to ignore. For instance, someone who doesn’t have the money to pay may not open letters or may not listen to messages demanding payment on debts such as credit card bills and medical payments. However, just because someone stops think about the unpaid debts after the letters
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What Is an Affidavit for Debtors Interrogatory?
Debtors’ interrogatories are questions to be answered by the debtor regarding his assets, jobs, and personal holdings. These interrogatories will address specifically and completely all information that can be used by the creditor to collect monies owed. Information required will include: all real
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Businesses have multiple options when dealing with bad debts of customers. To be considered a bad debt, the business must have taken all reasonable steps to collect of the debt to no avail. Once it is determined that a debtor is not going to make payments on the debt...
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Options for a Small Business to Collect Bad Debt
Small businesses have multiple options when deciding how to proceed in collecting a bad debt. Business owners are not subject to the Fair Debt Collection Practices Act (“FDCPA”) when collecting their own debt, but any third party collection agency...
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Student Loan Debt Relief Options
Student loan debt relief options are more difficult than other unsecured debts. Bankruptcy law does not allow debtors to file bankruptcy on student loan debts unless they can prove that repaying the debts would create an undue hardship. With graduate school debts on the rise and current job market conditions,
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Is cashing out my 401k to pay off debt a good idea?
Although you may have good intentions to pay off debt using a 401k, it is rarely a benefit to do so. There are several reasons to not do so, in fact. You will find that in some cases, it can be a benefit, such as if you are trying to save your home from foreclosure. However, keep in mind the long term
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Can Credit Debt be Passed on to Spouse?
The old saying goes that you don’t just marry your spouse – you marry his or her family as well... but many people wonder: do you also marry your spouse’s credit card debt? It’s a legitimate question, since in the eyes of the law (and many creditors) you and your spouse become “one” in a
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Allied Interstate: Debt Collection and Harassment Solutions
Allied Interstate, Inc. happens to be one of the most prominent collection agencies around, and it is widely believed that they make the highest number of collection calls in the country. Consequently, consumers have an entire litany of grievances against Allied Interstate and their shady methods of
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How to Initiate Involuntary Bankruptcy
When a business is owed money by an individual or an entity, the business lender may attempt to initiate involuntary bankruptcy proceedings for a debtor who refuses to pay their debts. The available bankruptcy filings for involuntary bankruptcy...
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How does the process of debt mediation work?
How does the process of debt mediation work?
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What can I do if I am being harassed by debt collection agencies?
What can I do if I am being harassed by debt collection agencies?
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If my spouse dies will I be responsible for their credit card debt?
If my spouse dies will I be responsible for their credit card debt?
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Can I walk away from debt through bankruptcy as a small business owner?
I’m a small business owner. I was hit hard by the recession, since I’d invested in new equipment right before the economy tanked and my sales went into the toilet. I’m stuck with a fully-maxed out $75,000 line of credit that the business...
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When am I responsible for the credit card debt of my spouse?
When am I responsible for the credit card debt of my spouse?
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How many times can the same debt be placed on your credit report?
How many times can the same debt be placed on your credit report?
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How can I get my credit card company to forgive my debts?
How can I get my credit card company to forgive my debts?
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Can't Pay IRS Tax, IRS Will Settle For Less?
Is true that the if I can show that I can’t pay my taxes, the IRS has to settle may tax bill for less than the full value?