Should I make payments or should I let them take me to court to see what happens? If so, can a lawyer get my balance reduced?

DEBT SETTLEMENT OR DEFENSE OF A LAWSUIT Whether you settle with your creditor for 50% of the remaining debt really depends on your current...

Wages Garnished

In terms of whether your employer can fire you if it has been served with a garnishment, it is my understanding that under Federal (Under the...

Selected as the best answer

I was single when i took HELOC. I kept it idle. Now I am married and want to take money. Will my wife be liable for this debt?

Your wife should not be liable to your lender for the home equity line of credit as long as she never co-signed the promissory note or executed a...

My bank account was garnished for over two thousand dollars without my knowledge. What can I do?!

In New York, typically, a creditor is not allowed to restrain and levy against a bank account unless than creditor obtained a judgment. (I would...

If my ex-husband files bankruptcy, am I responsible for credit cards that are in his name?

Typically, as an additional user (as opposed to the owner) of a credit card, you should not have any liability to the credit card companies. I...

I am not an immigration expert, and subject to further verification and illumination of the facts, I am not aware of any prohibition to your filing...

Under the new laws, do credit card companies have to lower my interest after I have paid on time for a certain length of time?

Your credit card company does not necessarily have to lower your interest rate after you became current on your payments. In general, if you are...

Can collection agency ruin my credit score?

If you believe that your doctor's office mislead you into believing that your expenses were covered by your insurance company and then subsequently...

It's been 7 year since I defaulted on my credit cards am I still legally obligated to pay ?

Each state has a statute of limitations for commencing an action. In New York, for instance, a credit card company is barred from commencing an...