Debt

Losing a loved one is a particularly tough experience. While money is likely the last thing on your mind as you grieve, it’s critical to understand how the assets and obligations left behind will affect you and others. The majority of the time, a person’s debt is not passed on to their spouse or family […]

A debt collector can generally seize the debtor’s share of a shared bank account’s interest. Even though the joint owner is not accountable for the judgment, the creditor has this power. Furthermore, if the money in the account comes completely from the non-debtor joint owner, the debtor whose name appears in the account title may

In most cases, a person’s debts do not disappear when they pass away. Those debts are owed by and paid from the estate of the deceased person. Family members are usually not required by law to settle a deceased relative’s debts with their own money. If the estate doesn’t have enough money to cover the

Debt collectors can’t withdraw your Social Security or Veterans Administration benefits directly from your bank account or prepaid card, in most cases. This is referred to as a “garnishment.” Banks are required to do so by a rule issued by the US Department of Treasury. There are a few exceptions to this rule, which will

Debt collectors are generally forbidden from calling you at an odd time or place, or at a time or place they know is inconvenient for you, and from contacting you before 8 a.m. or after 9 p.m. Can companies call after 8pm? Many financial firms contact unknown investors to sell stocks and other investments. These

Yes, they are capable. There are no regulations requiring debt collectors to accept a payment plan that works for you. Debt collectors seek to collect the debt as soon as possible, which can imply monthly payments that are prohibitively expensive. Things are just going to get worse. Debt collectors might take legal action against you

Is it lawful for a debt collector to call a cell phone? They aren’t in a lot of cases. Debt collectors will still phone you since they know you won’t do anything about it. You may, however, block these calls from reaching your cell phone. If the collector does not stop the calls, he or

Yes, it is correct. If you owe money to creditors, collectors, or anybody else, they can get a money judgment against you and freeze or take the funds in your bank account. Can a debt collector take money from my bank account without authorization? You may rest confident that a debt collector cannot simply come

According to my understanding of current court law and laws, it is perfectly legitimate for debt collectors to block their phone numbers. The court stated in Glover v. Client Services 2007 WL 2902209 that a collector might phone a blocked number. In sum, the Court finds that simply “blocking” a telephone number, as alleged in

You must react in writing and file it with the court by the filing deadline to protect your rights. You automatically lose if you do not answer, and the judgment may show on your credit report. To assist you react and assert any defenses that may apply to your case, go to this website for