Have you gotten behind on your financial obligations? It doesn’t take long for the telephone calls about unpaid bills to begin. Persistent debt collectors apply pressure for the outstanding debt or late bill to be paid. As a result, you may feel desperate to stop creditors from calling you. Debt collectors are permitted to make […]
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Being buried under what seems like a mountain of debt can make people automatically assume they need to be in a debt settlement program. However, sometimes debt settlement can be a complete scam in many cases. Debt Settlement Debt settlement companies cannot protect you from lawsuits. Bankruptcy protects from all collection lawsuits. The worse aspect
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Debt is almost unavoidable in today’s world. Whether it’s credit card debt or a mortgage, debt is an invaluable tool that empowers consumers. However, when the consumers are unable to pay their debts, it can result in harassment from collection agencies. In this post, we will explain what debt collection agencies are, what some forms
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If you have defaulted on your federal student loans, child support or alimony payments, owe back taxes, or have a court-ordered judgment against you, you may lose part of your paycheck. This is known as wage garnishment, and it is permitted under Federal and state law as a way for creditors to reclaim debts. Under
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If you are experiencing financial difficulty, you may find yourself unsure what to do if a creditor tries to obtain a wage garnishment from you. A wage garnishment exemption could apply in some cases. If applicable, it can work to protect some or even all of your wages from garnishment. This happens if you take
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Anyone in serious debt may deal with a variety of emotions on a daily basis: embarrassment, regret, and anger. When faced with debt collectors, who may constantly hound a debtor to pay an old debt, people often experience fear. They may even stop answering their phone, out of fear of receiving yet another debt collection
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Across the United States, millions struggle with medically-related expenses and find themselves in debt. Healthcare costs are comparatively higher today than they were the last 50 years and the price of health insurance is increasingly rising with larger premiums and fees paid “out-of-pocket”. Georgia Watch, a non-profit entity that functions as a consumer advocate, said
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According to a recent report from WSAV NBC News in Savannah, the amount of credit card debt among U.S. consumers has now reached approximately $1 trillion. Data from CNBC goes further too also include debt stemming from mortgages, student loans, and vehicle loans, which roughly totals $13.15 trillion. This is the fifth year in a row that household debt has
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Real debt collectors are bad enough. They ring your phone all day and most are extremely unpleasant to deal with. Now we find out that there are fake debt collectors who are trying to squeeze victims out of their hard earned money. The Wall Street Journal recently reported that United States Federal authorities have cracked
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Asset Acceptance was recently fined $2.5 million dollars because of their collection practices (click here to read an article in Business Week about this topic). To the normal person, $2.5 million dollars is a tremendous amount of money but to a company that takes in over $100 million per year, this is just a small
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