Debt

When a cardholder passes away, an authorized user isn’t normally liable for the debt on the card, as a joint account holder could be. A spouse or legal partner may be liable for credit card debt in several states that have community property rules. “Non-exempt assets, such as automobiles, property and jewelry, can be liquidated […]

This also means that your prospective employer won’t have access to your credit report. “However, “there has never been a verifiable example of an employer having access to or using an employment credit score,” credit expert John Ulzheimer tells GOBankingRates. “In order to keep this illusion from dying, individuals use the phrases “credit report” and

Bailiffs (sometimes known as “enforcement agents”) have the power to seize your property if you owe them money. For example, they may be able to seize your personal possessions, such as jewelry or a car that you or someone else jointly owns. Bailiffs can only enter your home if you allow them, so learn how

As unsecured debts, most income tax debts can be discharged in bankruptcy. However, if you owe income tax for tax years following your bankruptcy discharge, you must do so. Does filing bankruptcy get rid of tax debt? Most taxes cannot be discharged in bankruptcy, but there are exceptions. After a Chapter 7 bankruptcy, you’ll still

After all of this, courts will use the Federal Child Support Guidelines to determine how much support has been reduced for each year since the date of retroactive application. Framework: Retroactive Increase Recipients seeking retroactive increases in child support payments because their payor’s income has increased significantly in the past will follow a similar approach,

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

Medical invoices should not be subject to interest charges by debt collectors in most situations. In most cases, medical debt does not include an interest rate in the original agreement. Due to the fact that interest is not part of the original contract, a collector cannot apply interest charges. Can medical debt accrue interest? You

. Creditors can, however, collect up to 50 percent if they’re claiming spousal or child support payments. How long before a creditor can garnish wages? Creditors can employ the legal process of garnishment to collect debts that they owe. It’s usually used when a debtor hasn’t made any effort to work out a repayment plan

The location of both the person recording the call and the person making the call affects the answer. These laws are designed to preserve the confidentiality of electronic communications, including phone calls. There will be a difference in rules about whether or not a phone call can be lawfully recorded, as well as whether or

A creditor (the person or business to whom you owe money) may sue you if you fail to make payments on a debt. When it comes to neglecting to pay your creditors, you can’t be jailed (though child support is an exception). An interest-bearing judgment against you can be obtained in court if you are