After a long period of ignoring debt collection calls and demand letters from persistent agents, creditors may sue you for an outstanding debt. A court summons is one notice that you should not ignore. Failure to respond to a court order can result in harsher penalties than simply paying off a debt. You should immediately…
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Anyone looking to purchase a home will likely hear the term ‘mortgage broker’ come up a few times throughout the process. Mortgage brokers serve as the liaison between homeowners and the bank or mortgage lender. Their role is simple but necessary. They work directly with the bank to help homeowners qualify for a mortgage. The…
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You may have ignored the unrelenting collection calls for months as you thought of ways to gather the funds to make necessary payments. You may have even acquired a debt collection attorney to negotiate a repayment schedule, but you have yet to make the necessary payments. Such circumstances can result in your debt going into…
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Deciding whether or not to acquire a debt relief attorney may be something you are struggling with. You may understand that your credit card debt has become overwhelming and ignoring it can only lead to severe consequences, but you aren’t too sure if legal representation is necessary. The fact that you are considering a debt…
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An emergency situation may have presented itself leading you to charge a large amount to your credit card. You may have had the intentions of paying it off, but the interest continued to accrue as daily expenses still needed to be afforded. Situations like these can cause your credit card debt to accumulate rapidly. Making…
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Joint bank accounts are accounts shared between two people with both of their names on it. These accounts are usually created by couples looking to combine their income in a way that allows them to collaboratively keep track of spending and finances. While joint bank accounts have their benefits, if a judge rules to garnish…
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Once your debt has gone into collections, the most powerful way a creditor can retrieve the necessary funds is by freezing your bank account. Massive debt collection firms have the ability to find out where you work and bank. Once they have identified your financial institution and received a judgment, they can then send a…
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Being issued a court judgment can be the most tormenting moment for one who is in debt. If you are facing a judgment, you may have been aware that you were in debt but did not realize the severity of that debt. The majority of credit card debt is considered unsecured. This means that it…
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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…
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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”…
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. Heather Weis | Benveniste Law Offices Call us 847-849-1163