Secure Debt Shall With No Interest In Travis
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FAQ
One of the best tools to stop debt collection calls is the Debt Validation Letter. ing to the FDCPA, a federal law that protects debtors, collectors cannot harass you with frequent phone calls if they have not formally validated the debt they are calling about.
In a Nutshell If a creditor sues you to collect on an unpaid debt and wins, they'll get a court judgment against you. This court order allows them to collect on the debt by seizing your real or personal property (or putting a lien on it), garnishing your wages, or levying your bank account.
It's easy, just write the debt collector and let them know you do not want any further contact from them. Include your name, address, phone number, and account number in your letter.
Normally if a debt collector is calling your family, this will violate the FDCPA (Fair Debt Collection Practices Act). Here's the deal. A collector can only call you, your spouse, or your attorney. If a ``third party'' is called, then normally this violates the FDCPA.
If a debt collector is having trouble finding you, they may contact your family members to obtain your address, phone number, or place of employment. However, they're only allowed to do this once per family member, and they can't disclose that you owe a debt.
When it comes to credit card debt relief, it's important to dispel a common misconception: There are no government-sponsored programs specifically designed to eliminate credit card debt. So, you should be wary of any offers claiming to represent such government initiatives, as they may be misleading or fraudulent.
If you file for a Chapter 7 bankruptcy, your secured debt may be discharged, but the lender is also able to repossess the property that secured the debt. In other words, if you have a mortgage on your home and file a Chapter 7 bankruptcy, the mortgage debt may be discharged but the lender can take back your home.
In many cases, a bankruptcy discharge can eliminate your personal responsibility for secured debt, so the lender can't sue you for unpaid amounts. However, the lien on the property doesn't automatically go away. The lender can still take back the collateral if you stop making payments.
When it comes to credit card debt relief, it's important to dispel a common misconception: There are no government-sponsored programs specifically designed to eliminate credit card debt. So, you should be wary of any offers claiming to represent such government initiatives, as they may be misleading or fraudulent.
Here are strategies and tips for getting out of debt faster. Add Up All Your Debt. Adjust Your Budget. Use a Debt Repayment Strategy. Look for Additional Income. Consider Credit Counseling. Consider Consolidating Your Debt. Don't Forget About Debt in Collections. Stay Accountable.
