If you have delinquent credit cards or other unsecured debt, you may receive a summons. What now??? Credit card companies and other unsecured creditors will try different methods to get you to start making minimum payments and/or start collection including multiple calls, emails and letters. If these methods do not work, they may decide to… Read more »
I get calls every month from people who say they are surprised that they have received a summons!
Seniors face tremendous financial pressure trying to make ends meet living on a fixed income. They often must revert to credit cards to survive!
Being unable to keep up with your debt payments is very stressful.
If you cannot keep up with the minimum payments due on your credit cards, a creditor or debt collector may decide to file a CLAIM against you!
If you have had an unsecured debt settled for more than $600 and less than the full balance, you may get a 1099-C around tax time.
The doorbell rings and someone is standing there with some documents. The man says, “You are being sued and I’m here to serve you a SUMMONS.” He hands you the SUMMONS and walks away… NOW WHAT? You go back inside (a little in shock!) and start to read the documents. The SUMMONS says something like you have… Read more »
Most people have several errors on their credit report!
If you are a Texas resident and cannot keep up with the minimum payments due on your credit cards, then I have some good news!
If you are having a difficult time keeping up with the minimum payments due on your credit cards or other unsecured debt, you are going to start receiving calls and letters from collectors!
We’ve all been though a very unusual and stressful couple of years due to Covid and the resulting ramifications such as:
Some estimate that more than 70% of us have errors on our credit reports!
If you have ever received a summons, you know how stressful it can be!
If your are having a hard time keeping up with your credit card debt, you may start getting calls from a debt collector. This can be very stressful! You need to know what a debt collector can do and cannotg do. This will help!