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What To Do When Negotiating Settlement For Debts

Working out a settlement deal with a creditor or a debt collection might sound intimidating but it’s actually easy when you know what to expect. Apart from getting a reasonable amount to repay the debt, you can also minimize the damage the debt will cause to your credit report. The good news is, a large majority of collection companies and creditors are willing to take less than the original amount of money owed. Debtors...

Credit Protection Laws You Need To Know

The recovering economy made it easy for many credit repair companies to make money, turning the industry into a billion dollar business with millions of people paying good money to repair their damaged credit. The good news is, certain laws are in place to provide protection against transactions with corporate interests. From abusive debt collectors to false credit reporting, we will take a look at some of the most important...

Protecting Consumer Rights Under The Fair Debt Col...

Debtors are expected to repay the debt they incurred within the given terms of the contract. Unfortunately, a number of debtors got debts so high, they are unable of repay them at all. Creditors have the right to collect the debt, with a few limits, of course. The Fair Debt Collection Practices Act or FDCPA is enacted by the congress to stop abusive debt collectors from applying aggressive collection efforts, including using...

Credit Card Lawsuit: The Discovery Phase

Once you are dealing with a credit card lawsuit and you came to a point where you want to ask the plaintiff for documents, you are on the Discovery process of the lawsuit. Basically, you will be asked by the plaintiff to send over several documents or answer a set of questions in the Interrogatories. Once you filled the necessary documents then it’s the plaintiff’s turn to answer questions and produce documents. To start...

Credit Card Lawsuit Defense: What To sign After Di...

One of the most critical part of credit card lawsuit defense is the Discovery phase. The Discovery phase is where both parties will provide their answers to each other’s Interrogatories or present various documents as evidence. In addition, you need to know what you need to sign after you answered the Discovery. Your credit card lawsuit defense starts at checking your local Court Rules. Go under Discovery or Interrogatories...

Credit Card Debt: How To Avoid The Cycle of Debt

The numbers of people who are facing mounting credit card debts are on the rise. While it’s true that credit cards have numerous benefits, it can cause one’s financial situation to spiral out of control quickly if he or she is not able to use credit cards responsibly. Because credit card companies make it so appealing to enroll for a card via perks, bonuses, zero interest purchases and special privileges, more and more...