What is a Debt Delinquency Timeline?

Do you have trouble paying back credit cards? Have you been avoiding a collection agency? From the moment you first skip a credit payment to when a collection agency takes you to…

National Debt vs. State Debt

Do you know how different state and national debt are? How about budget deficit or budget surplus? Budget deficit is an important term used when the amount of money spent exceeds the…

5 Tips for Dealing with Legal Action by Creditors

1) Respond to the Notice The first step debt collectors make by taking legal action is sending a “Summons and Complaint” notice to the person with the debt. The worst thing to…

What are Bad Check Laws?

In the United States of America, bad check laws are established to determine the consequences when people provide bad checks to pay for product or service purchases. If a check is bounced,…

What is Wage Garnishment?

What is wage garnishment? Wage garnishment is when a creditor or debt collector takes payment from a debtor directly from their paycheck or bank account. Several U.S. states have different garnishment exemptions…

What Is a Statute of Limitation?

Have you ever wondered what the statute of limitations was or how it affected debt collection? If you’ve ever owed money to a credit card agency or had to reach out to…

Should I Get a Corporate Credit Card?

Does your company make at least $4 million in revenue every year? Would you like to provide a number of your employees with a credit card and even a department that tracks…

Should I Apply for Debt Consolidation?

Are you in debt with multiple credit card or other kinds of companies? Have you considered pursuing debt consolidation to help fix your debt? This article will provide some of the hidden…

Difference Between Chapter 12 and Chapter 13 Bankruptcies

In March 2017, we discussed the differences between Chapters 7 and 11 Bankruptcies. To recap, Chapter 7 Bankruptcies are generally filed when a business is at the end of its line. Upon…

Difference Between Chapter 7 and Chapter 11 Bankruptcies

Have you ever considered filing for bankruptcy as a means to avoid paying for debt? There are some important aspects to keep in mind before filing for bankruptcy, such as when and…