Archive for the Debt Category

Pros And Cons Of Debt Consolidation - March 18th, 2010

It is sometimes difficult to get a fully rounded picture of the effectiveness of debt consolidation, because much of the information easily available is very much about extolling the virtues of this as a useful debt solution.  This article will look at the pros and cons of debt consolidation in order to provide you with [...]

Can a Creditor Garnish My Wages? - February 27th, 2010

Creditors will try to intimidate you into making a payment by threatening to garnish your wages; they can actually follow through on that threat yes, but not until they sue you, win, and have a judge decide to garnish your wages as the method of payment.
If you get a legal document about a lawsuit, it’s [...]

State Statutes of Limitation on Debt Collection - February 27th, 2010

Creditors and debt collectors have a limited time window in which to sue debtors for nonpayment of credit card bills. That limit is set by a state’s statute of limitations.
The debt collection statute of limitations refers to the time period window that a creditor or debt collector can legally sue you to collect. This period [...]

Marriage and Debt: Is My Spouse Responsible for my debt? - February 22nd, 2010

These days, marriage is about more than just love and commitment-italso about money. When you marry someone, you also marry their money and their debt, which can be quite a shock for uneducated newlyweds.
You’ve just got married and you’re carrying a bit of debt with you into the relationship. Is your spouse responsible for [...]

Go for Credit Counseling for Debt Relief - December 29th, 2009

Credit Card Debt Consolidation
Remember when you did not have credit card debt. Get ready to feel that way again.

Credit counseling is a process offering education to consumers about how to avoid incurring debts that cannot be repaid. This process is actually more debt counseling than a function of credit education.
Credit Card Debt Consolidation : Consolidate [...]

Debt Settlement-Eliminate Credit card debt - December 9th, 2009

Credit card debt settlement is the process of negotiating with your creditors to accept a payment that is less than the actual amount of total credit card debt owed by you. The debt resources are usually collected in a particular account, to pay off your creditors the process then repeats with each creditor until all [...]

The easiest and fastest way to become debt free - December 3rd, 2009

Millions of Americans search for the one successful debt eradication tip to get them out of debt. Who wouldn’t like to be debt free? Well, you should think about that when you get in debt .The concept of ‘buy now, pay later’ has brought many families and small companies on the threshold of bankruptcy mainly [...]