Debt

It’s understandable that you’d wonder if, in the event of the death of a close family member like a parent, sibling, or brother, their debts would automatically pass to you. In most circumstances, you don’t inherit a family member’s debt. When a borrower dies, his or her debts cannot be transferred to his or her […]

There is no doubt that keeping up with debt payments can be a difficult experience for many people. When you begin receiving calls from collection agencies, the stress level rises even further. You asked regarding credit cards and your home, and I’d want to answer that for you. Yes, that’s the quick answer. If a

Federal Management Service (FMS) administers the Treasury Offset Program (TOP) for the US Department of Treasury (FMS). By garnishing or offsetting your tax refund, federal and state government entities can collect outstanding debts owed to them. Because federal income tax returns are the most popular federal payments, government agencies regularly garnish them. Private creditors, such

As a result, if you plan on emigrating to another country but have declared bankruptcy in Canada, you may have difficulty doing so. Bankruptcy legislation is not the same across countries, as previously stated. For this information, you’ll need to visit an immigration website for the country you plan on leaving Canada for. However, being

The simple answer is yes if you have a collection entry. In most circumstances, it can be removed. That’s something you should do. In some situations, having a collection entry on your credit report may prevent you from acquiring a vehicle loan or a mortgage. First, let’s talk about what a collection entry is, how

You can be taken to court by a collection firm that has purchased the debt from the original creditor, as well as by the creditor itself. A debt of less than six months overdue is rarely taken to court. Although they may not intend to, creditors and collection agencies may still make the threat of

garnish your bank account without telling you of the application. A letter of credit is not required for the creditor to be Can a debt collector take money from my bank account without authorization? It’s important to remember that a debt collector would need a court order or permission from you before they can remove

For example, the Fair Debt Collection Practices Act (FDCPA) protects you from being harassed by debt collectors for any of the above-mentioned types of debt. Commercial loans aren’t. No. Unless you give them permission, debt collectors are prohibited from contacting you before 8 a.m. or after 9 p.m. If you’ve told them that you’re not

They also don’t want you to know that a creditor who successfully sued you for non-payment can’t use a judgment against you to continue collection efforts outside of your state. In order to transfer the verdict to another state, the process is extremely time-consuming and expensive. Can debt be collected from another state? Because California

If a creditor was garnishing your earnings prior to your job loss and you were getting unemployment benefits, you may be wondering if your benefits could be garnished. In a nutshell, your unemployment benefits are generally immune from being garnished. A creditor, on the other hand, may be able to garnish your benefits if you