Secured vs. Unsecured Debt Explained

The type of debt you have affects many areas of your life. Different types of debt impact your credit score in separate ways, they are managed differently by creditors and collectors, and they can influence your financial future in a number of ways. Learn more about the difference between secured and unsecured debt. What Is Secured Debt? Figuring out if debt is secured or not is fairly simple. Ask yourself, “Is Read More

An Introduction to the Texas Debt Collection Act

Due to an increasing number of abusive debt collection practices, many states have passed laws protecting debtors from harassment, abuse, and lies. These laws have the same aim as the Fair Debt Collection Practices Act: require debt collectors to conduct their work in an ethical, legal, and respectful way that does not violate the rights of debtors. The TDCA defines exactly what debt collectors can and cannot Read More

A Brief Overview of the Fair Debt Collection Practices Act

Anyone who has fallen behind on a bill knows how stressful collection calls can be. Debt collectors are persistent and often test the limits of the law if not outright breaking them. In order to protect consumers from unethical debt collection practices, legislators passed the Fair Debt Collection Practices Act. Learning about this law can empower you to stand up for your rights. Who the Act Applies To The Read More

Understanding the Differences Between Chapter 7 and Chapter 13 Bankruptcy

If your debt is unmanageable and you’re finding it increasingly difficult to keep up with monthly payments, you may be considering the benefits and drawbacks of bankruptcy. As a consumer, you have two options that may be available to you: Chapter 7 and Chapter 13 bankruptcy. In this blog, we will highlight the differences between these two options. Qualifications You must meet strict standards to qualify for Chapter Read More