Articles Posted in Debt Relief

Nearly one-third of all consumers have at least one account in collections on their credit report, and over 20% of these are due to medical bill debt. Many people aren’t even aware that their unpaid medical bill has been reported to the credit bureaus until after they check their credit report. A lot of medical…

If you have ever been contacted by a creditor or debt collector you have experienced the frustration and anxiety that go along with knowing you owe someone money that you can’t afford to repay. Whether you are simply trying to repay a small missed payment due to memory lapse or working to stay out of…

The holiday season is upon us which means long lines at the retail store checkout and a general madness around people swarming to grab gifts for loved ones. Unfortunately, the holiday season also means another thing for most families: more debt. The average American family spends upwards of $500 per child on gifts, and $150…

This seems like an odd question for individuals who are thinking about bankruptcy, but it’s more common that you think. The truth is, people that file bankruptcy are not typically financially reckless, but regular people, just like you, who have fallen on hard times. A job loss, expensive medical injury or illness, divorce, or sometimes…

When filing bankruptcy, the main objective is to obtain relief from debt, get back on a firm financial foundation, and repair broken credit. By simply completing a bankruptcy plan successfully, you will often times see an increase in your credit. There are some very methodical things you can do to continue the credit rebuilding process…

When asking a Sacramento bankruptcy lawyer or professional credit counselors if payday loans are a good idea the majority of them will tell you no…payday loans are a bad idea. The principle isn’t such a bad thing, just the practice: you usually get stuck in a repetitive cycle of extremely high interest rates and fees…

The Fair Debt Collection Practices Act or FDCPA is a set of laws that gives legal protection for debtors against abusive debt collection tactics by creditors. In essence, this amendment was enacted to ensure fair debt collection. But how does this benefit the average person who has debts? There are a number of rules that…

Dealing with Debt Collectors Under the Federal Fair Debt Collection Practices Act (FDCPA), it is illegal for creditors to utilize threatening, offensive, and intimidating behavior against a debtor. If you have been feeling unsettled by the tactics taken by a debt collector, you have a right to make a formal complaint. For the most part,…

Debt collectors. Collection agencies. Debt buyers. These are just different names for large companies that exist solely for the purpose of collecting on consumer debt. Debt buyers are large companies that specifically deal in the buying and selling of billions of dollars of consumer debt. There is a whole market of credit card companies, hospitals,…

Living under the burden of too much debt is hard enough without the constant phone calls from debt collectors. When a consumer files for bankruptcy protection under the Bankruptcy Code, the “automatic stay” goes into effect and creditors must stop making harassing phone calls. The automatic stay is a court order that stops all collection…