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How To Deal with Debt Collectors When You Can’t Pay

Better Credit Blog

If you are like most people, you have dealt with or are currently dealing with debt collectors. I’ve been preaching about the dangers of debt collectors for years and get countless emails from readers who end up in trouble by answering the phone when a debt collector calls. Don’t Allow Them To Provoke You.

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You’re in Debt: 9 Terms to Know

The Kaplan Group

Debt Settlement Services. Debt settlement companies, also sometimes called “debt relief” or “debt adjusting,” are companies that claim to renegotiate, settle, or in some way change the terms of your debt to a creditor or debt collector. Garnishment.

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Need to Know About Debt Negotiation and Settlement?

Sawin & Shea

Bankruptcy will wipe out credit card debt, medical bills, and personal loans, but will not eliminate primary obligation debt; things like student loans, child and spousal support, and newer tax debt. Bankruptcy can also stop or delay a home or mortgage foreclosure, stop collection actions, stop garnishments and lawsuits.

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How to Remove Capital One Collections From Your Credit Report

Better Credit Blog

Instead, you now owe the money to the third-party debt collector. If the entry is listed as a “collection” or it’s simply listed as “delinquent,” you’re more than likely going to have to deal with Capital One as the debt collector. Why would this kind of debt settlement work?

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

On July 16, Massachusetts Attorney General Maura Healey issued guidance “to protect families [that] have begun receiving a federal child tax credit this week from debt collection practices.” Any attempt to garnish or otherwise seize these funds to collect or attempt to collect a debt violates the AG’s Debt Collection Regulations.”

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Pritzker issued an executive order extending the suspension of garnishment, deduction of wages, and post-judgment citations to discover assets through April 30. The company was operating without registering as a debt settlement service provider as required by Minnesota law. For more information, click here.