Debt Collection

Q&A

Asked by Alexandria

I cosigned a car loan for someone and that car was later repossessed, there is a judgment on my credit report for the full price of the car. What can I do?

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Answered by MoneyTips Writing Staff, Financial Adviser in Los Angeles, CA

Here is some helpful information about cosigning an auto loan, unfortunately since you've already cosigned the debt is as much yours as it is the friend who took o...

Credit Rating Automotive Loan Debt Collection Borrowing

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Asked by Mithhell

Is it a good idea to consolidate my debt in one loan?

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Answered by MoneyTips Writing Staff, Financial Adviser in Los Angeles, CA

The answer to this is most likely "it depends". It will depend on your personal debt situation as well as your credit and your ability to pay the loan. Consolidating y...

Credit Rating Other loans Debt Collection Borrowing Personal Loans & Lines of Credit

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Asked by victoria

My spouse died leaving me with $30,000 in credit card debt all in my name. What can I do to eliminate this debt?

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Credit Rating Debt Collection Bankruptcy Borrowing Credit Cards

News

40% Of Student Loans Could Default Over 20 Years

27% of Students who entered Repayment in 2004 have Defaulted, 40% Predicted by 2023

America's student loan debt may be approaching a critical point with respect to repayment. According to Student Loan Hero, the total student...

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Debt Collection Borrowing Student Loans

Guide

How To Pay Bills Late

What to Do When You Miss a Payment

Normally you are on time with your payments, but somehow you managed to miss one this month. What are the consequences of a missed payment, ...

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Credit Rating Debt Collection Borrowing Credit Cards

Q&A

Asked by an anonymous user

How can I check to see if a credit collection agency has filed suit against me?

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Answers 1

Answered by MoneyTips Writing Staff, Financial Adviser in Los Angeles, CA

If you are being sued in a civil action, you must be provided notice, but states have different laws regarding the method of providing the notice. We suggest you consu...

Debt Collection Borrowing

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