Many Americans believe that bankruptcy is their only hope when dealing with compiling debt, yet oftentimes we find that this is far from the truth. Bankruptcy comes with serious consequences and should not be considered without exhausting all other options. Unfortunately, consumers who consider bankruptcy do not realize that other, healthier options are available to…
Details
People who fall seriously behind on debt may be concerned about charged off debt. For credit card debt, charge-offs take place 180 days after minimum payments stopped being made. At this point, the bank or creditor regards your debt as a loss. Although your bank or creditor no longer considers your debt to be “collectable”…
Details
When speaking to individuals who are struggling with debt, we often encounter a confusion about the term “charged-off.” This term may appear on a credit report by an old debt you may not even remember you owe. On the surface, this may sound reassuring, that the debt has been “charged off” almost sounds like the…
Details
. Heather Weis | Benveniste Law Offices