Disputing Errors on Your Credit Report

You already understand how important your credit score is to your financial (and personal) wellbeing. Your credit affects your ability to receive a mortgage or auto loan, credit card, or certain insurance policies. If you have previously filed for bankruptcy, you know how hard you’ve worked for years to build that figure back up. For all of those reasons, it can be extremely frustrating when you notice an error on Read More

How Does the Telephone Consumer Protection Act Serve You?

When you receive a phone call in the 21st century, most every phone (including landlines) has a feature where you can see the number that has dialed you, in addition to the relative location of the caller. It’s hard to imagine a time where this wasn’t the case, but it was just a few decades ago. In the second half of the 20th century, unwanted telemarketing was a huge source of frustration for many households. It Read More

You Have Options! 8 Ways You Can Repay Your Federal Student Loans

One in three adults living in the U.S. today has some type of outstanding student loan debt, with the average amount per debtor hovering around $30,000. If you are one of those three, you know what a heavy weight it can be around your shoulders, especially when trying to purchase a home or start a family. Paying off every cent now may seem insurmountable, but remember the old saying – the journey of a thousand miles Read More

4 Examples of Illegal Debt Collection Practices

The federal law protecting debtors, Fair Debt Collection Practices Act (FDCPA), places many restrictions on the actions of debt collection agencies. The law’s restrictions generally do not apply to original creditors.  Without this and various state laws regulating the practices of debt collectors, they might have no second thoughts about resorting to extreme measures for the purpose of collecting debt. Read More

6 Possible Defenses in a Debt Collection Lawsuit

Being sued by one of your creditors or a debt collection agency can have you feeling stressed and overmatched, especially if you know you owe the debt in question. There are always defenses you may raise at your court hearing, though. This blog lays out six common defenses to a collection lawsuit that may prove useful in your case. Insufficient documentation of your debt. The documentation (or lack thereof) that a Read More

Judgment Liens Simplified

In many judgments for civil cases, the party ordered to pay money does not have the means to immediately pay the ordered amount. So, what might the judgment creditor do to ensure the judgment debtor pays the money? One option the creditor might choose to utilize is a judgment lien.  What is a Judgment Lien? A lien (of which there are many types) is a legal instrument that can be applied to property to help Read More

3 Possible Defenses for Debt Litigation

Unfortunately, there may come a time when your creditors decide court is the only option left for them to collect your debt. Even if you have been paying off some of your outstanding balance, the creditor might decide to show you no mercy. To begin the process, you will be served with a summons notifying you of the lawsuit and when you are obligated to appear in court, similar to most other civil matters. The Read More

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