If default on a car loan, what are the conciquences?

If you default on the loan, the creditor will repossess the vehicle, sell it for a "commercially reasonable" price (which won't be much) and then...

In order to sue for collections on a written contract, the statute of limitations is 6 years from the date of charge off/default as long as the...

Is it legal for companies to sell your accounts to collection agency after its done been paid off?

The Fair Credit Reporting Act (FCRA) is a complicated law. It controls everything that can be on a credit report and also dictates how erroneous...

Will a foreclosure sale go forward if servicing has been sold and the sale is scheduled when neither company has info on books ?

Alabama is a non-judicial foreclosure state meaning a mortgage company does not have to go through court process in order to foreclose. ...

I received a summons for a bad debt but I have not resided in that state for 14 months.

Since you were sued in Florida, you need to get a Florida lawyer. There are several excellent consumer lawyers in Florida. You can locate one at...

I need to know how to handle a settlement from the repossession of my vehicle.

You want to be careful in "settling" alleged debts with collection agencies. You may want to consult with a consumer lawyer to assist you. You...

I own 279 bank shares if I do debt consolidation , will they take them. thanks Micky

Alabama law has exemptions with regard to how much of your personal property you can protect if you file chapter 13 debt consolidation. Find a...

Not sure how to answer a Civil Summons for debt collection.

You would be well-advised to defend against this lawsuit. If you lose this case or agree to a consent judgment, you could have your wages...

CAN I ASK PAYDAY LOAD COMPANY TO STOP COLLECTION UNTIL AFTER MY CHAPTER 13 IS COMPLETE. I FILED BANKRUPTCY A YEAR BEFORE

Since the debt was incurred after the filing of the chapter 13, you cannot add it in to that bankruptcy case. If you are eligible for a chapter 7...

Sue to stop being billed

For a fairly simple question, this really requires a more complicated answer involving both the Fair Debt Collection Practices Act and the Fair...