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 »
Tag: alternatives to bankruptcy
Covid, Loss of Income, Debt, Bills… What Can I Do?
We’ve all been though a very unusual and stressful couple of years due to Covid and the resulting ramifications such as: Personal illness Family illness Loss of Income Unemployment Were you one of so many people who were forced to use credit cards in order to meet their basic needs? If so, you may find… Read more »