Debt

If you don’t pay your credit card account on time, you’ll be charged late penalties, your interest rate will rise, and your credit score will suffer. If you keep missing payments, your card may be stopped, your debt may be transferred to a collection agency, and the debt collector may sue you and garnish your […]

If you’ve ever wondered how to get more credit card rewards, you may have questioned yourself, “How can I get more credit card rewards?” “Is it possible to pay for a credit card with a credit card?” The quick answer is no, at least not in the sense that you may think. Credit card issuers

After your bankruptcy has been discharged, you are unable to reaffirm any debts. Any reaffirmation must take place before the discharge is granted, according to bankruptcy law. Furthermore, the sole reason to reaffirm is to get the mortgage company to record your current payments to the credit bureaus. Can you file a reaffirmation agreement after

In general, it is better for your credit to pay off the complete amount of debt you owe. A “paid in whole” account on your credit report indicates to potential lenders that you have met your commitments as agreed and paid the creditor the full amount owing. When accounts are closed in good standing, they

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

to come to your place of business to collect payment The act makes it illegal to make your debts public, and it also makes it illegal to show up at work to collect your debt. This implies that debt collectors won’t be able to bother you at work. Can a debt collector call my employer

The debt is either a federal or a state tax debt. Other taxes, such as fraud fines and payroll taxes, are unaffected by bankruptcy. To put it another way, the obligation must be a regular tax payment payable to the state of Wisconsin or the federal government. Will filing bankruptcy stop IRS debt? During your

Can a collection agency add interest to a debt? When a creditor sells a past-due debt to a collection agency, the debt is transferred to the collection agency. As part of their collection efforts, they may add additional interest and fees to the balance, resulting in a collection amount that is more than the original

Unless you are a co-signor on the card or it is a joint account, you are normally not liable for your spouse’s credit card debt. State rules differ, and your duty for this debt may be affected by divorce or the death of your spouse. Can I be held accountable for my husband’s debts? In

Garnishment is a legal process that allows a debt collector to acquire access to your bank account. If you don’t pay one of your bills, your creditor—or a debt collector it hires—can get a court order to freeze your bank account and take money out to pay the debt. Garnishment is the legal term for