Debt

When a consumer leaves Freedom’s debt-relief program, he or she is apparently not notified that they have the right to access the funds in their accounts. “While Freedom’s Debt Resolution Agreement said that customers could withdraw from the program and terminate the contract, it did not state that if they did, they would get all […]

Student loans, car loans, mortgages, credit cards, and personal loans are all examples of debts that can be paid off using life insurance. If you have any of these debts, your policy should provide you with enough coverage to pay them off completely. To cover your debts, you’ll need at least $204,000 in your policy

When you can’t pay your debt, most creditors go through a similar process to try to persuade you to pay. Selling your debt to a third-party collection agency is one of the tactics at their disposal. When a collection agency buys a debt in full, the debtor is normally notified by phone or in writing

Many clients who have entered into a contract with a debt settlement company come to us looking to file bankruptcy. Many people believe that by signing up with a debt settlement firm, they will be able to get out of debt with little or no affect on their credit score. Many people believe that debt

You are not accountable for the majority of your spouse’s debts accrued prior to marriage if you live in a community property state. The IRS, on the other hand, states that debt incurred after the wedding is automatically shared. Even if your spouse opens a credit card in their name exclusively, you may still be

Individual accounts might be removed from your debt management plan. To do so, contact customer service and submit a request. Removing a credit card account from a debt management program has similar repercussions to canceling it, however they may not be as severe. Credit counselors advise you to enroll all of your credit cards in

Protections against private debtors and collectors are not included in the most recent stimulus act. If you owe money on a credit card, your stimulus payments may be garnished. It’s crucial to note that this does not imply that the check or deposit can be intercepted by your credit card company. Simply said, if you

Depending on state law, survivors who aren’t spouses may be liable for certain debts, although they normally aren’t unless they co-signed for the loan or sought for credit with the person who died. Does your parents debt go to you when they die? Losing a loved one is a particularly tough experience. While money is

However, it is a prevalent misunderstanding that paying off debt immediately and completely improves your credit score. It’s true that paying off revolving debt, such as credit card balances, improves your credit score by lowering your credit utilization rate. Closing certain lines of credit, on the other hand, can temporarily lower your credit score. Paying

Will the military be able to help you pay off your college loans? Yes, but not for husbands and wives. Unfortunately, spouses of service personnel are not eligible for military student loan forgiveness. Your best choice is to take use of the military’s spouse employment assistance program to find work and begin paying off your