It might be a scam. Make sure you get a letter from the collection agency and verify the claim to confirm legitimacy before you agree to make any...

How do I fight a bank turning my loan into a charged off account when my co-signer filed for bankruptcy not me? What should I do

The terms of your loan may have provided that the loan closes upon the filing of bankruptcy by the primary obligor or co-signer. Your sisters...

Your liability with respect to the loan does not change as a result of your ex's sister claiming identity theft. Sallie Mae's remedies to collect...

Car loan

If neither of you can afford the vehicle, consult with a local bankruptcy attorney. You may be able to discharge the entirety of the debt and...

What should i do if debt c still has open neg account on my report after BR discharge & credit agency validate & refuse removal.

Typically, the discharged accounts would be updated on the credit report to reflect "Discharged in bankruptcy" and reflect no outstanding balance....

Where is the resources for stopping the embezzlement by the Federal Government

Under the Debt Collection Improvement Act of 1996, the government can offset up to 15% of Social Security payments to collect on a defaulted...

Why is it I paid my Federal student loan from Dept of education off already but now IRS is taking $2400 from me again?

The tax offset might be a mistake, or, it may be in reference to another federal loan that remains outstanding. Login to your account at...

My LLC received about $15K in chargebacks from one credit card fraud customer, am I (Owner) liable for the debt?

It is likely that a personal guarantee was signed when applying for the business' merchant account. The personal guarantor may be held liable for a...

Can I sue for continued adverse credit reporting?

If the creditor reports inaccurate information and refuses to correct it following a dispute with the credit bureaus, you may have an action under...

If I change my first and last name will I still have my old credit score?

Think twice before changing your name for the purpose of avoiding a debt. It may be considered fraud and can carry consequences. As the previous...