Debt

An offer in compromise permits you to pay less than the full amount of your tax bill. If you are unable to pay your full tax debt or if doing so would put you in financial hardship, it may be a viable choice. We take into account the following facts and circumstances: When the amount […]

Most collection firms submit debts to the credit bureaus, so a recent copy of your credit report may have the name and phone number you require. How do I find out what accounts I have in collections? The collection account did not appear in your credit report but was listed in the credit report obtained

After paying tax, national insurance, and other regular household expenses, you have less than £75 to spend each month. If you’re in the midst of a bankruptcy or other formal insolvency procedure, you won’t be eligible. If one of your creditors has asked the court to declare you bankrupt, you may get permission from the

You have the right to sue the debt collector in state court. You must prove that the debt collector broke the FDCPA in your claim. If you are successful, you may be able to recover $1,000 in statutory damages, with the possibility of more if you were harmed as a result of the infringement. The

Is it Possible to Inherit Debt in Canada? The basic answer is no—if your parents, partner, or children die, their debts do not become yours, and your debts will not be transferred to someone else if you die. This means that a person’s obligations must be paid before any inheritance proceeds are distributed to their

If the account is a credit card or similar form of revolving account, charge something to it. Does disputing a debt restart the clock? If you dispute the debt, you won’t be able to reset the clock until you accept that the debt is yours. In order to challenge the debt, you can seek a

The percentage of your monthly income that goes toward debt repayment is known as your debt-to-income ratio (DTI). While the percentage threshold varies by lender, you should anticipate to be accepted for a HELOC with a DTI ratio of less than 47 percent. What is the debt-to-income ratio for a Heloc? Divide your existing loan

Question: When will my medical debt be removed from my credit reports? Is there anything I can do to help speed things up? The Coronavirus/Covid-19 outbreak has increased public awareness of how expensive medical care may be for many Americans. According to a recent research by FAIR Health, therapy for an uninsured person hospitalized with

The following information is provided for educational purposes only and does not constitute legal advice. You may be facing medical debt if you’ve ever been uninsured, underinsured, or had a high co-pay that you couldn’t afford. But what if you simply refuse to pay? Is it ever going to go away? All of these are

Debt incurred after marriage is usually recognized as distinct and belongs only to the spouse who incurred it in common law states. The only exception is debts that are solely in the name of the spouse but benefit both partners. For example, credit card debt may be included if the card was used to pay