Archive for the Debt Category

Essential things one should know to become debt free - June 22nd, 2010

The few essential things that should be kept in mind as half of the population are neck deep in debt. It’s time to take action against the monstrous debt traps. So these are the following tips one should go through:

Half of the population of America is submerged in the pool of debt. Most badly affected [...]

Why debt settlement law firm is better than debt settlement companies? - April 1st, 2010

Millions of families in US are under the stress of debts. They seek help in order to liberate themselves from this horror of debt. If you really want to get yourself out from this mess then you should go for debt settlement law firm. You might find people opting for debt settlement companies but I [...]

Is Debt Consolidation a Better choice over Bankruptcy - March 27th, 2010

The horrid nightmare is not being able to pay the creditors Debt can be like a financial black mark on your credit record. In this case you can go for debt consolidation rather than filing bankruptcy. As bankruptcy stays on your credit record for 10years and often creates a bad credit record which in return [...]

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 [...]