Is Debt Settlement Legit?

Titan Consulting

Multiple state and federal agencies strictly regulate the debt settlement industry. All types of debt relief programs come with negative consequences, including non-profit credit counseling and bankruptcy, and will directly or indirectly negatively impact your credit score.

6 Tips for Debt Settlement before you go Legal

Debt Recoveries

I know debt collection can be an uncomfortable process, even for large businesses. These tips are designed to help you understand the options you have for debt collection, before you go down the legal path. Don’t wait to take action on a debt. Hey, Adam Stewart here.

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Can I Settle My Credit Card Debt Myself?

Titan Consulting

Financial hardship could make it possible to negotiate debt balances and pay less than the full amount owed. Bankruptcy can wipe out unsecured bills, leaving creditors with no way to recover the debt. When Should You Consider a Debt Settlement Program ? Key Takeaways.

You’re in Debt: 9 Terms to Know

The Kaplan Group

Being in debt is nothing to be ashamed of. If you have always prided yourself on being debt free, or good with money, you might be tempted to simply pull the covers of your head and ignore your current situation. FDCPA ( Fair Debt Collection Practices Act).

Passive Debt Buyer May Delegate Dispute Communications to Third Party

Consumer Financial Services Law

A New York District Court recently addressed the issue of whether the FDCPA requires passive debt buyers to personally register disputes or whether they can delegate that obligation to their third party debt collector/servicer. Passive debt buyers purchase debt but retain third parties to service and collect the debt. Pinnacle Credit Services, the consumer retained a debt settlement company to assist her in connection with her credit.

Need to Know About Debt Negotiation and Settlement?

Sawin & Shea

If you’re dealing with debt and considering filing for bankruptcy, it’s a good idea to get professional legal advice on how to handle the proceedings. Whether or not you file for bankruptcy also depends on the kind of debt you have. How Does Debt Negotiation Work?

Should You File for Bankruptcy if a Strong Economy is Just Around the Corner

Titan Consulting

If you do not qualify for a Chapter 7 bankruptcy to liquidate your debts, you may be required to pay back a significant portion of your debts under a Chapter 13 Bankruptcy, and still suffer the negative impact to your credit score. Key Takeaways.

Dealing With Debt From COVID-19

Debt Free Colorado

While credit cards and other unsecured loans are almost always the most aggressive when it comes to collecting debts, they should generally be your lowest priority. Either way, you should speak with an experienced debt relief attorney about strategies for dealing with unsecured creditors. Experian Credit Card and Debt Relief List. The post Dealing With Debt From COVID-19 appeared first on Denver Lawyer Clark Daniel Dray

Credit Score & Credit Report: File a Dispute to Fix Errors

Nexa Collect

The National Credit Union Administration defines ‘credit-invisibles’ as “consumers whose documented credit history is so limited that they don’t have credit scores or their credit scores are not based on a complete history of debt repayment”. It will provide you with an Identity Theft Report that you can use only for debts that are the result of identity theft”. A lender has the right to report unpaid debt to credit reporting agencies. Why Is Good Credit Necessary? The U.S.

Chapter 7 Bankruptcy Timeline

Debt Free Colorado

Meet with an attorney to discuss your financial circumstances and options including debt settlement, repayment plans, Ch. Before your debts can be discharged, the court requires that you take a financial management course. Debts Discharged – No sooner than 60 days after your 341 meeting, but not until the debtor education certificate is filed and court filing fees are paid. All the debts listed in your case that can be discharged are wiped out.