What happens when a debt goes to a lawyer for debt collection?

wittygee asked: I have been out of work for a while and became unable to pay on a credit card debt. It has been about 90 days since my last payment and I just got a letter from a law firm stating they will be pursuing collecting the debt. I am still out [...]

If a bank is foreclosing on your business can they also take your home that another bank has a lean on?

Winston M asked: A bank is foreclosing on a friends business that they thought was protected by LLC. Now the bank is coming after them personally. Can the bank take their home that another bank has a lean against?

how long does car repossession stay on your credit report?

Brandon R asked: I recently had my car repossesed while in between jobs, and now owe about $4,000 remaining on my loan. How long typically do these type of repossesions stay on someones credit report and how it will effect me in the future. Also what steps can I take to fix and or aleviate [...]

How do I get a personal loan with bad credit?

Pehsha P asked: I am looking for a personal loan, but my credit is not good. I don’t want a payday loan but that is all I find on the internet when I type in personal loans for people with bad credit. Do you know any lender who will give loans to people with bad [...]

When you go bankrupt, do they make you close out all of your credit card?

deefined asked: Considering going bankrupt but I want to keep the cards that are still in good standing so that I can start building my credit back up? Do I have to close all of them?

Any other info from experience w/ this situation?

What are my chances of getting a personal loan?

axr asked: Hi, I am a non-us resident with an H-1B, with no debt right now making 60K a year renting an apartment with a 93 toyota car. I am able to save $1500 a month. I would like to apply for a personal loan of about $25000 to repay a loan I took back [...]

What is the easiest way to take out a personal loan?

meggiecakess asked: I’m 19 years old, I go to school, I’m a waitress at Applebees, I have my own credit card which I pay on time, and I would like to take out a personal loan so I can do some work on my car. It needs a bunch of new parts. I also need [...]

What are the pros and cons of using debt relief agencies to get rid of debt? What does it do to your credit?

pham1skee asked: Those debt relief agencies that help you get rid of debt fast tell you to stop paying your bills and instead you pay them. They then use the money you send them to negotiate lower payoffs to your lenders. What are the pros and cons of doing this and how long will it [...]

What debt reduction /consolidation agency that will give high discount to help pay off credit card debts?

hayati k asked: I need help with paying off my credit card debts. There are so many debt reduction /consolidation agencies that I don’t know which one is good/authentic and will give the best rate (discount). For those who had gone through this experience, please advise. Thanks.

How can a debt collector use different cell phone numbers to call you?

jediaxo asked: I have a debt collector that keeps calling me and using different local cell phone numbers. Even though I keep telling them that the debt is paid off and I have my cancelled check that I keep faxing to them over and over and over again, they won’t stop calling me. How is [...]