Debt

You don’t hear much about debit card debt. It’s not usual for debit cards to lead to debt, but it is conceivable. Can u go in debt on a debit card? An interesting tidbit: A debit card is also called a check card. As with writing a check, the money comes directly from your bank […]

When it comes to unpaid debt, you may ask how long a debtor can keep trying to collect on their end. Collection agencies and creditors can pursue the debt for as long as they like because there is no time restriction. However, a creditor can only sue you for a certain amount of time. In

If you haven’t paid your medical expenses for a long period of time, this cannot happen. However, that is the case. You can be sued by a medical debt collector. Lawsuits are possible if you do not pay the collection agency. Can you ignore medical debt? The norms and procedures governing medical expenses may change

The legal process of dissolving a business necessitates meticulous execution. The following is a brief description of the process. Shareholders’ Consent In order to dissolve a federal corporation, two-thirds of its shareholders must agree. A two-thirds majority vote is required for the dissolution of a corporation if it has distinct “classes” of shares. Settling Debts

If you have a little balance on your credit card and pay your minimum payments on time, your mortgage application will not be affected by this debt. In contrast, a history of late payments or a big credit card debt, especially when paired with other forms of debt, can significantly restrict the amount of money

Insurance companies are refusing to cover the rising expenses of medical care. More than a million people have long-term health concerns or medical emergencies that require repeated office visits with different doctors, which can make it difficult to keep track of all of the bills. Many Americans are unable to pay their medical expenses because

If you don’t pay a medical bill, you could lose your house. However, this is extremely rare. A medical creditor, as contrast to a mortgage lender, does not have a security interest in your home. That complicates the process of foreclosing on your home to collect on your debts. However, if a creditor adheres to

As separate legal organizations, limited liability corporations, or LLCs, are distinct from their owners. This means that the owners of the firm are not personally accountable for the company’s debts or obligations. In the same way, the business is not liable for the personal debts and responsibilities of its owners. If the obligation is a

Creditors can take your earnings if you don’t pay your bills, but what if your only source of income is Social Security? Depending on the nature of the loan, the answer is yes or no. Social Security cannot be used to pay most sorts of debt, including credit cards, medical expenses, and personal loans. In

SSI payments cannot be garnished or levied against. If you owe money to other federal agencies, such as the Department of Education, Treasury’s Financial Management Service can use your Social Security income to offset or lessen those debts. Can debt collectors garnish SSI? Debt collectors can’t take your Social Security or Veterans Administration benefits directly