Bankruptcy Overview

Bankruptcy Overview

Two Most Popular Forms of BK Explained Bankruptcy is a federal court proceeding that will help eliminate or payback debt. It is a legally declared or recognized condition of insolvency. Bankruptcy can be utilized by individuals, married couples or businesses that are unable to pay their debts. Bankruptcy is for people that have absolutely no other method of paying back monies owed, and to...

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Debt Settlement Information

Debt Settlement Information

Debt Settlement Programs That Work: Why Trusted Debt Settlement Programs Can Be Exactly What You Need In Your Life! Debt Settlement, also known as Debt Consolidation, is the process of paying less than is owed on credit cards and other unsecured debts, by negotiating with your creditors. Secured debts such as student loans, auto loans, and home mortgages unfortunately do not qualify for such...

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Collections and Telephone Calls

Collections and Telephone Calls

Consumers have multiple laws at their disposal regarding their credit reports and debt collection. One of the most important laws regarding collection agencies and the collection of debt is the Fair Debt Collection Practices Act (FDCPA). This law provides behavioral standards for acceptable third-party collections. According to this law, at all times, debt collection agencies must treat the...

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Fair Debt Collection

Fair Debt Collection

Against the backdrop of the recent recession, many people, through no fault of their own, are finding themselves in situations where they cannot afford to pay their bills. This all-too-familiar scenario has created a surge in consumer collection accounts as well as a rising number of complaints about overly aggressive bill collectors and their abusive tactics. In March of 2011, the Federal Trade...

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