Smart Money offers Five Reasons to Avoid Debt-Settlement Firms. The article is worth reading in it’s entirety if you are considering various options, and it does a fairly good job of explaining the difference between debt settlement plans and debt management plans. To me, the most striking observation was on the subject of attrition, or [...]
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Going back to Biblical times, debts have always had a limited lifespan. By government regulation, the limits are known as Statutes of Limitation. Generally, these laws govern the time that an action can be brought to collect a debt in the state court system. In Connecticut, enforcement of an oral contract is three years and [...]
A Florida teacher was shocked by a phone call from a collection agency saying she has to pay $2400 for a 40-year-old student loan or be sued. But she doesn’t owe the money. She has never heard anything about owing this money. She contacted her student’s dad and my fellow blogger, Ft. Myers attorney, Carmen [...]
Okay, so you can’t afford your car anymore. It looked nice on the lot and you believed you could make the payments, but now? Last month’s payment was used to pay the day care provider and ……….. and the car creditor is calling five times a day threatening that a repo man will come get [...]
You don’t have to go to the extremes one woman did recently to get a break from her bill collectors. The Associated Press reported today that a South Carolina woman submitted a fake obituary hoping to gain sympathy from her creditors. She thought the debt collectors would give her a break if they knew her [...]
Inevitably, in this economy, people cannot pay debts they owe, including their monthly rent. Failure to pay rent results in the legal removal of the tenant by the landlord in a process known as eviction. However, when that legal process becomes too inconvenient, a landlord might just try to fake it. As reported in the [...]
