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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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…
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Whether you made a large purchase or had an emergency situation, a credit card is the go-to method of payment to help you pay off a debt little by little; however, with surging interest rates and daily expenses, it is not uncommon for consumers to fall behind on making payments. If you find out that…
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If you are so far behind on bills that you are dreading the time when collection calls will start pouring in, or already have your debt in collections, know that you are not alone. Despite a stronger economy, over 35% of Americans continue to struggle with credit card debt that has been reported to a…
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Being indebted is an uncomfortable situation that no one actively seeks, yet too often “life” just happens. If you are going through a financial rough patch, you are not alone. In fact, millions of Americans are in debt right now, with the average credit card debt reaching $15,000! If you have been sued by your…
DetailsThe appellate court defined judicial district as the smallest geographic area that is relevant for determining venue. “We conclude that the correct interpretation of “judicial district or similar legal entity” in § 1692i is the smallest geographic area that is relevant for determining venue in the court system in which the case is filed. See…
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. Heather Weis | Benveniste Law Offices