Many seniors and retirees struggle with credit card debt while living on a fixed income. Rising costs for groceries, housing, utilities, and healthcare can leave little money for unexpected expenses. As a result, some older adults rely on credit cards to cover everyday necessities. Over time, high interest rates and growing balances can make it… Read more »
Debt Relief Blog
Stress From Debt
If you’ve ever felt crushed under the pressure of too much debt, you are far from alone. Millions of Americans actively struggle with overwhelming debt balances, late payments, and mounting interest charges. Financial anxiety can be a heavy, constant weight. It keeps you awake at night, strains personal relationships, and makes it incredibly… Read more »
What Happens When You Fall Behind on Unsecured Debt?
When you open a credit card or loan account, you sign a legally binding contract. By signing, you promise to pay back the borrowed funds under specific terms. If you miss payments, you break that agreement, granting the creditor a legal right to contact you to collect. Most people do not fall behind on purpose…. Read more »
Dealing with the Pressure of Having Too Much Debt
“Debt doesn’t define your future — it’s just a challenge you can overcome.” 💬 Introduction: The Heavy Weight of Debt If you’ve ever felt crushed under the pressure of too much debt, you’re not alone. Millions of Americans struggle with overwhelming balances, late payments, and mounting interest charges. The stress can be constant — keeping… Read more »
Oregon Wage Garnishment…How to Prevent…How to Stop
A wage garnishment can be financially devastating, taking 25% of you net, take-home paycheck! Here what you need to know to prevent or how to stop garnishments. A wage garnishment doesn’t “just happen”. After years and years of assisting people with debt problems, it still always amazes me when one of our prospects or newer… Read more »
Seniors and Credit Card Debt: Best Relief Options
Struggling with credit card debt on a fixed income? Discover proven debt relief options for seniors — from management and settlement to bankruptcy help. Many seniors today are struggling with credit card debt while living on a fixed income. Rising costs for essentials like groceries, housing, and healthcare leave little room for unexpected expenses —… Read more »
What is a Credit Debt Summons
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 »
Stop a Summons Before it Starts!
I get calls every month from people who say they are surprised that they have received a summons!
Seniors and Credit Card Debt
Seniors face tremendous financial pressure trying to make ends meet living on a fixed income. They often must revert to credit cards to survive! Unfortunately, the balances and minimum payments continue to increase to a point where there is just not enough income from their fixed income or modest retirement. What can they do? I’ve… Read more »
Why Did I Get a Summons?
Being unable to keep up with your debt payments is very stressful. Now you get served with a SUMMONS and you are really stressed out! For the sake of this article, I’m talking about credit accounts that are UNSECURED: Credit Cards Store Cards Medical Bills Personal Loans Pay… Read more »
Can a Debt Collector or Creditor Sue Me?
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 this happens, you will receive a SUMMONS. The summons will show who the PLAINTIFF is. This is the creditor or Debt Collector. You will be named… Read more »
Received a 1099-C! What do I do?
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. Unfortunately, many tax preparers and/or accountants do not understand how to take care of this so you don’t have to pay much or nothing extra in taxes! The IRS… Read more »
I’ve Received a Summons…What Now???
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 »
Texas Debt Collection…Did You Know???
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! We’re talking about UNSECURED debts like: Credit Cards (Visa, Master Card, Discover, etc.) Store Cards (Kohls, Home Depot, Lowes, etc.) Personal loans with no collateral Private Student Loans… Read more »
Will Creditors or Collectors Settle My Account for Less Than the Full Balance?
Credit card debt is on the increase! With all of the inflation effecting everything we need, consumers are turning to credit cards to get by! What happens when you just cannot keep up with the monthly required minimum payments? Will a creditor or collector accept less than the full balance? If so, how… Read more »