Debt

Only a DRO specialist consultant, also known as a ‘authorized intermediary,’ can submit an application for a DRO on your behalf. DRO paperwork are often filled out by a qualified debt counselor who has been given authority to do so. They’ll make sure that you’re eligible to apply and that a DRO is the best […]

Budget deficits are formed when a government’s expenditures on goods, services, or transfer payments exceed its tax revenues. Whenever a government borrows money to cover a budget shortfall, it adds to the country’s national debt. How do government budget deficits impact the national debt? When a government spends more money than it receives in taxes

Sometimes, creditors will write off portion of your debt in exchange for you paying the rest off in a flat sum or over a period of time. Full and final settlements are recorded on your credit report as a partial payment, and this will appear on your credit report. How do you qualify for debt

Wages can only be garnished after a court order has been obtained. When a creditor files a lawsuit against a debtor, the garnishment procedure begins. The creditor must obtain a court order against the debtor to proceed. That the debtor owes it is established by the judgment. How long before a creditor can garnish wages?

It is possible to settle your tax debt for less money than you owe by making an offer in compromise. If you can’t afford to pay your whole tax bill, or if doing so is a financial strain, this may be a viable choice. When evaluating your case, we take into account the following specifics:

An acquaintance, family member, coworker, spouse, or ex-spouse may have provided the debt collector with your phone number. A technique known as “skip tracing” helps debt collectors locate phone numbers and other contact information for those who owe money.. How do Bill collectors get my family members phone numbers? A technique known as “skip tracing”

When dealing with a debt collector from a federally regulated financial institution or any party acting on its behalf, you have the right to know how the debt is being collected. Who a debt collector can contact Debt collectors can only gain your phone number or address by contacting your job, relatives, or neighbors. You’ve

To calculate a DTI ratio, mortgage lenders employ a front-to-back ratio and a back-to-front ratio. You may see for yourself in the following examples: When calculating your monthly housing costs, such as your mortgage payment, property taxes, homeowners insurance, and HOA dues, the front-end ratio (also known as the housing ratio) is used. The back-end

According to the South Gauteng High Court decision in Rougier v. Nedbank, 27333/2010, any act by a debt counsellor to terminate or withdraw debt review is a violation of a debt counsellor’s statutory powers. The NCR issued its Withdrawal from Debt Review Guidelines on February 25, 2016, as a result of this judgment. When a

The amount of money borrowed by one party (the borrower) from another is referred to as a “debt” (lender). Loans and mortgages are other terms for debt. It is utilized by a wide range of people and businesses to make major purchases that they would otherwise be unable to pay. Allowing someone to borrow money