Explore our articles to learn about debt relief, debt settlement, debt consolidation, and various ways to handle your credit card debt, business loans, and much more!
When you borrow money from a lender or creditor, you are legally obligated to repay it. Therefore, if you are not holding up your end of the agreement, the lender or creditor can sue you. If the lender, creditor, or collection agency is successful in the debt collection lawsuit, it can result in a judgment […]
When your credit card is denied and your checks bounce, having a frozen bank account can be a scary and stressful experience. A creditor freezing your bank account can be incredibly unpleasant, especially if you’re not expecting it. As the account holder, you may not even realize that you owe money to someone or that […]
Dealing with credit card debt can be crippling. And if you’re looking for relief, you may be wondering if credit card debt forgiveness is possible for you. Credit card debt forgiveness can be a possibility in certain situations. Understanding when the option is available and how to achieve it can help you break free from […]
When you know you have debt that’s gone to collections, it’s a stressful financial situation. You might wonder what rights you have, whether debt collectors call your work and expose information to your employer, or what methods of contact are legal altogether. You’ll likely also see your debt in collections on your credit report. It’s […]
When you borrow money from a creditor, you have a legal obligation to repay it. As a result, having unpaid credit card debt can lead to a lawsuit from a credit card company you owe. If you’re behind on debt, getting back on track is in your best interest before you’re taken to court. Debt […]
If you’re struggling with credit card debt payments, medical bills, personal loans, or other types of debt, a debt settlement process could solve your financial burden. When done right, debt settlement has many benefits. Done wrong, you could face challenges to your credit report and finances. You could find yourself with a judgment or lien placed against […]
As a small business owner, maintaining cash flow can be challenging. For example, you might have relied on a merchant cash advance to cover your expenses. Except now, you’re behind on payments and facing an MCA lawsuit in New York. You might be wondering, “now what?” First, know that there’s no need to panic. Below, […]
As a small business owner, sometimes you need extra business funding to keep operating smoothly. Merchant cash advances (MCAs) have become a popular source of fast business financing. Unlike typical bank loans, MCAs are typically repaid with future sales from credit card sales. Unfortunately, they don’t have the same benefits and protections as a traditional […]
Is a merchant cash advance confession of judgment (COJ) wreaking havoc on your small business? If you recently defaulted on a merchant cash advance, you might be surprised that the MCA company got a judgment against you in court. Now, your bank accounts are frozen, and you’re wondering how this happened. After all, you didn’t […]
Dealing with outstanding debts can be an all-consuming experience. Most U.S. adults have some type of debt, whether it’s a car loan, mortgage, or credit card bill. They manage it well by making regular payments. But, sometimes, things go awry. Administrative errors or blatant misrepresentations could mean you are wrongfully asked to pay a debt […]
Americans’ total credit card balance reached $1.079 trillion in the third quarter of 2023. With this staggering debt amount, it’s not uncommon for some to seek debt settlement and debt forgiveness. However, because paying less than you owe means you’re not entirely fulfilling your obligation, cancellation of debt may become a tax burden later on. […]
Are you far behind on your credit card payments? You may be worried that your credit card company will sue you. This is a very real possibility, especially if you owe a large amount and haven’t made any payments for more than six months. But how often do credit card companies sue for non-payment, really? The […]
Staying in business as a small business, nonprofit enterprise or agricultural co-op can be incredibly challenging. A lot of the time, these ventures live and die on cash flow and even seemingly minor disruptions to the amount of cash available can have dire consequences. In those cases, Economic Injury Disaster Loans (EIDL) are designed to […]
Dealing with outstanding debts can be an all-consuming experience. Most U.S. adults have some type of debt, whether it’s a car loan, mortgage, or credit card bill. They manage it well by making regular payments. But, sometimes, things go awry. Administrative errors or blatant misrepresentations could mean you are wrongfully asked to pay a debt […]
Shouldering a large debt and struggling to keep up with payments is highly stressful. And if you’re served papers in a debt collection lawsuit, it only adds insult to injury. You might feel like you’ve run out of options. You might be wondering: Is settling a debt after summons possible? In short, yes, you can. […]
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