If I get out of paying my student loan debt due to disability, will my credit be ruined forever?

If you are totally and permanently disabled, you may be eligible for cancellation of your student loan. This relief is called "disability...

What does it mean if my account goes to "charge off"

A "charge off" is only an accounting entry that removes the account from the preforming loans column to the bad-debt column on the books of the...

You are correct. The validation process is a sham. However, a disputed collection account is not counted in your credit score. A small victory...

Mother recently placed in Nursing Home.Now in hospital prognosis not good.Has CC debt. Creditors are calling me every day.

Help you Mother fill out Cease and Desist letters for each collector who calls. Once a debt collector receives a cease and desist letter, they...

Once contacted by the debt collection agency you can simply send them a letter via Certified Mail, Return Receipt Requested stating that you...

Are credit card companies or banks required to keep on file the original credit application?

Banks are only required to keep credit applications for 2 years. If the application was done online, the creditor likely has the input data in its...

Can I be held liable for credit card debt my wife has incurred in her name alone?

Usually not. You are not responsible for the debts your spouse incurred before you married them just because you got married. If you actually...

I want to claim bankruptcy in May for medical bills. I keep getting harassed now. What do I do?

Debt collectors are notorious liars. They will tell you all sorts of things (mostly lies) to get you to pay them. If you receive debt collection...

Ask the payroll department at your job. If they are taking money out of your paycheck, they must have been served with a court order or some other...

Am I responsible for the credit card debt of my deceased husband? I have used the card, not realizing it was only in his name .

After a relative dies, the last thing grieving family members may expect are calls from debt collectors asking them to pay their loved one’s...