Debt Collection

Q&A

Asked by Mithhell

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

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Answers 1

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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What Happens If I Don't Pay Back My Debt?

Different Debt Defaults, Different Results (But None of Them Are Good)

Do you ever feel like you are drowning in debt? Have you ever considered simply not paying your debts? What's the worst that can happen if y...

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Credit Rating Debt Collection Borrowing Student Loans

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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

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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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Asked by an anonymous user

We are being sued by a debt collector for a debt acquired from CitiBank dating back to 2007. What are our legal options?

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Answers 3

Answered by David Skow, Mortgage BrokerPRO+ in Seattle , WA

If you owe the money - contact debt collection agency and ask if you can settle for an amount less than present balance.

Debt Collection Borrowing Credit Cards

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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

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Debt Collector Fined $25 Million

What to Do When You Think a Debt Collector Has Gone Too Far

Debt collectors have been known to go to great lengths to collect unpaid debts. On occasion, a debt collector will go too far and face legal...

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Debt Collection Borrowing

Q&A

Asked by Allelk48

My husband and I are both on Social Security. We have overwhelming medical bills that are in collection. Can our checks be garnished?

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Answers 2

Answered by Dave Bradley, Investment Manager (Financial Advisor) in North Charleston, SC

Hi Allelk48. Sadly, there are many folks in this situation. You should discuss this with your legal advisor or attorney. I would also suggest that you contact a de...

Debt Collection Social Security Borrowing Investing & Retiring

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