Credit Corp
JUNE 14, 2023
More than 10% of subprime auto loan customers were behind on payments by 60 days or more in early 2021. We’ll break down when a car payment is late, as well as other common loans, so you’ll be prepared to pay your loans on time. How Late Can You Be on a Mortgage Loan Payment? How Late Can You Be on Student Loans?
Debt Free Colorado
FEBRUARY 21, 2022
You have rights to help you gain control over your debt collection interactions. To learn more about pursuing your legal rights, contact your state’s local consumer agency. Consumer debts include credit card debts, vehicle loans, medical costs, and school loans. Which States Have the UCCC.
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Credit Corp
MAY 30, 2023
Quasi in rem: Quasi in rem judgments consider the legal rights of individuals and not necessarily all parties involved. This is known as wage garnishment. When your employer receives the proper legal notice, they must withhold a percentage of your wages. The Consumer Credit Protection Act caps these types of garnishments.
Sawin & Shea
AUGUST 24, 2020
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.
Sawin & Shea
SEPTEMBER 27, 2023
Debt collectors have a legal right to pursue the collection of personal debt within the bounds of the law. In some cases, debt collectors may take legal action by filing a lawsuit against you to obtain a court judgment. Known as exempt assets, these are the things you may keep when you file for Chapter 7 bankruptcy.
Collections Law
APRIL 1, 2020
Though it is their legal right, they can manipulate them to delay the debt payment process. In this way, the debtor can’t make any stealthy move to avoid paying for the services or products that you have provided to them on credit or monies that you loaned to them. By law, a judgment debtor has so many ways to defend themselves.
Troutman Sanders
NOVEMBER 8, 2022
On November 2, the Consumer Financial Protection Bureau (CFPB) released a blog post, exploring the potential impact of student loan payment reinstatement. The CFPB found that student loan borrowers are increasingly likely to struggle once their monthly student loan payments are reinstated. For more information, click here.
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