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How Long Does Bad Credit Last?

Credit Corp

Pro tip: Even if a debt has been charged off, consider contacting the original creditor to negotiate a settlement. Since the debt is old and less likely to be paid, the creditor may be willing to accept less than what you owe to consider the matter closed.

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What to do When You’re Served Papers for a Debt

Debt RR

Ignoring a process server can cause the court to garnish wages , place a lien against any property, and freeze any accounts. Debts are often sold, so it may not be the original creditor filing the claim. Distressed homeowners who successfully fought foreclosure lawsuits stemming from the 2010 U.S. in recent years.

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