SCOTUS Hears Arguments in Zombie-Debt Case

On Tuesday, the Supreme Court of the United States heard arguments over whether a creditor who attempts to collect on a time barred (i.e. zombie) debt can face consequences for that, when the debtor files for bankruptcy. Bankruptcy is a system…

What does "Charged off" mean on my credit report

I would love to say that by the grace of your Guardian Angels, you no longer owe this debt. But that’s not the case. It simply means that that particular creditor is no longer carrying the account as a receivable. It also likely means that…
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Can I file bankruptcy on payday loans?

Yes. While there are some who believe that subprime lending such as payday loans are a benefit to society, I only see the downside. It typically turns into an endless trap due to the usurious rates of interest that they have lobbied the legislature…
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Texas Debt Collector Pays Huge Fine for Illegal Activities

Kare 11 recently reported that the FTC is cracking down on a Texas Business-to-business collections firm, which has engaged in illegal collection activities. Tucker, Albin & Associates agreed to cease and desist improper practices and pay…
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How much can a creditor garnish in Minnesota?

Typically a creditor can garnish 25% of your wages. If you are already paying child support, that would typically count against the 25%, so sometimes a child support obligor can be exempt from wage garnishment by a private judgment creditor.…
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A Creditor has sued me, I answered and disputed, and nothing has happened.

This is a situation which happens with surprising frequency. Many collection law firms are merely retained by collection agencies for the purpose of collecting low hanging fruit, and when a debtor requests their day in court by serving an answer,…

What should I do if a collector falsely claims that I owe them money?

There are scammers out there who call people, claim that they owe on old debts, and then threaten to have them jailed if they don’t pay it. First, you need to know that you can’t go to jail for failing to pay a debt, even a payday loan.…