It can be challenging to find the right loan for your financing needs. Comparing interest rates, fees and other loan terms and conditions between multiple lenders is time-consuming and sometimes confusing. If you’re like a lot of borrowers these days, you may be considering online lenders as well as traditional...
Debt 101
What’s my best option for consolidating debt?
If you’re struggling with high interest rates on credit cards and loans while barely making a dent in your debt each month, it may be time to consider debt consolidation. That’s a strategy where you roll multiple debts into one monthly payment at a lower interest rate to pay down...
Here’s how to keep medical bills from sending you into bankruptcy
Dealing with major health problems is stressful enough, but mounting medical bills can make that stress even worse. Here's how to keep those medical bills from sending you into bankruptcy. It’s hard to pin down exactly how many people file bankruptcy because of medical debt, in part because it’s usually...
7 questions to ask before filing for bankruptcy
If you’re in debt over your head, afraid of being sued and just want the collection calls to stop, you may be considering bankruptcy. Bankruptcy gives those with more debt than they can repay a chance at a fresh financial start. It stops court actions and Chapter 7 bankruptcy, specifically,...
Considering a debt consolidation loan? Here’s what to look for
If you’re barely keeping up with your monthly debt payments, or even starting to fall behind, you might be thinking about making a change. Paying less toward your debt each month probably sounds like a pretty good solution. That’s a possibility with a debt consolidation loan. This debt relief method...
Is ‘pay for delete’ finally going mainstream?
Historically, consumers have sometimes been harassed or even intimidated by debt collectors. However, federal guidance and actions against creditors in recent years has led many debt collectors to adopt more consumer-friendly approaches, including the fairly recent concept of “pay for delete.” Here's what it means and how to benefit from...
Afni: What you need to know
Afni is one of the largest contingency debt collection agencies in the U.S. and provides services to companies in the telecommunications, satellite and cable, healthcare, and insurance industries. While Afni s a member of ACA International, the association of credit and collection professionals that establishes professional standards for the industry,...
United Collection Bureau: What you need to know
United Collection Bureau (UCB) is one of the largest contingency collection agencies in the United States, providing services to clients in government, health care, utilities, communications, financial services and student loans. If you are receiving calls from UCB, here's what you need to know. UCB has been accredited with the...
Client Services, Inc.: What you need to know
Client Services, Inc. (CSI) is one of the largest contingency collection agencies in the United States. It provides collection services to banks, utility companies, municipalities, county governments, private educational institutions and medical providers, among others. Here's what you need to know if you're receiving communications from CSI. Who is CSI?...
Alltran: What you need to know
Alltran Financial, formerly United Recovery Services, is one of the largest collection agencies in the country. The company website states an objective of helping individuals and families by resolving their financial issues and helping clients collect for their services. Today, Alltran serves clients in health care, government, financial services, and...
Contingency debt collection agencies: All bark & no bite?
Contingency debt collection agencies work on behalf of creditors to get delinquent accounts paid. They may work for the original creditor, like your credit card issuer, or for a debt buyer that purchased the debt from the original creditor. Their objective is to get consumers to pay delinquent debt on...
Thinking about bankruptcy? These options may be better
Do you have knots in your stomach over your financial situation? Sleepless nights? Creditors calling? You need a plan to manage your debt. And if bankruptcy is on your mind, it’s time to do your homework and see if it’s the best solution for your financial woes. There are plenty...
Am I too old to declare bankruptcy?
Filing for bankruptcy protection is a big decision for anyone, but for older people, it also raises some unique concerns. Many older adults have a lot of equity in their homes, something worth protecting, but that could be threatened in certain Chapter 7 bankruptcies. If you’re an older adult, it’s...
Can I get a debt consolidation loan if my credit is bad?
Americans have trillions of dollars in debt, and so naturally, there are plenty of people out there thinking about ways to pay theirs off. For some, a debt consolidation loan could be an attractive option. It allows you to take out a new loan and use it to roll up...
8 bankruptcy myths you should stop believing
Many people have misconceptions about bankruptcy. Not just the process, but also about the future fallout that comes from declaring bankruptcy. While bankruptcy should be taken seriously, it’s often not as scary as people think, said Michael Bovee, co-founder of Resolve. “People are so afraid of bankruptcy, they don’t even...
Portfolio Recovery Associates: what you need to know
Portfolio Recovery Associates (PRA) is one of the largest debt collectors, and has been in business for 23 years. It is also a debt buyer. This means that it purchases portfolios of charged-off accounts from creditors and attempts to collect payment from the consumers who owe the debt. Debt buyers...
Cavalry Portfolio: what you need to know
Established in 2002, Cavalry Portfolio is a large debt buyer that positions itself as caring for the consumer. The website outlines core values, prioritizing integrity, respect and communication. It also uses consumer-friendly language, such as calling the delinquent accounts it purchases “non-performing consumer loan portfolios” and referring to its employees...
LVNV Funding/Resurgent Capital: what you need to know
LVNV Funding is a large debt buyer that purchases delinquent accounts domestically and internationally from original creditors and other debt buyers. The collections on those accounts are outsourced to Resurgent Capital Services LP, a third-party debt collector. Resurgent itself may outsource the accounts to third-party collection agencies. Here's what you...
What does bankruptcy mean for your rewards credit card?
Many credit cards come with some nice perks. Maybe it’s cashback, a great deal on airline miles, or tons of travel points. If you’ve spent years accumulating those rewards, the thought of losing them can be upsetting. Filing for bankruptcy throws the future of those rewards points into uncertainty. Here’s...
What is a debt buyer and why should you care?
Buying debt is a big business. Gaining ground in the savings and loan crisis of the 1980s-90s, debt buyers today primarily deal with delinquent credit card accounts and defaulted personal loans. In the last few years, guidance on debt selling from the Office of the Comptroller of Currency and actions...
Midland Funding/Midland Credit Management: what you need to know
Established in 1953, Midland Funding is one of the oldest and largest debt buyers. It purchases portfolios of delinquent accounts from creditors for a percentage of the debt value, then pursues repayment of those debts. It’s owned by Encore Capital Group, one of the few publicly traded debt-buying companies in...
What are the differences between debt relief & bankruptcy?
Bankruptcy is not necessarily the villain of a debt recovery story. At times, it can be the right solution that gives a consumer a chance to start over. However, like all debt relief options, there are pros and cons. Comparing bankruptcy to these other options can help you assess the...
This man paid off $46,500 in student loans in two years with this one simple trick
If Steven Donovan could sum up his thoughts on taking out loans to pay for his education, it would be “nonchalant.” “I understood it as, ‘I want to go to school, so I’ll need to take out loans,’” said the author and founder of Even Steven Money. He planned to...
Collection law firms: Things could be about to get real
So you’ve received a notice from a collection law firm that it has been assigned your account. This no doubt feels like a serious matter, and, honestly, it is. But you are not powerless — you still have ways to reduce your risk of being sued. You can also use...
How much does it cost to file bankruptcy?
Let’s be perfectly honest: If bankruptcy is among your considerations for fixing your financial situation, the associated cost of filing likely aren’t significant enough to keep you from doing so. Still, it’s good to understand what costs are involved so there aren’t any surprises. This article will walk you through...
How this couple crushed their debt (and how you can, too)
While taking the train home from work last spring, Amber Hacker stumbled on a Facebook post that changed her life. “It was one of my MBA classmates who had posted that they had paid off all their loans. I thought, ‘Wait a second, you can do that?’” she says. “I...
Getting married? How to talk about debt before you say I do
You’re in love. You’re planning to get married. Ready to talk about money? Apparently 88% of Americans think that conversation is important, but only 51% ever get around to having it, according to a SunTrust survey. There is a long-standing taboo about money talk in this country. And although two...
7 celebrity bankruptcies and what you can learn from them
Tax man troubles. Bad investments. Shady financial advisers. Lavish spending. These are some of the pitfalls that lead the rich and famous to file for bankruptcy. Here are seven of the most famous celebrity bankruptcies. Most famous folks end up filing Chapter 11 bankruptcy, a much less common form (6,891 filings...
How to file Chapter 13 bankruptcy
Hopefully, if you’re reading this, you’ve looked into different ways to resolve your debt woes before jumping straight to bankruptcy. For most people, these debt relief options include debt settlement, debt management, and even debt consolidation if your finances aren’t too far gone. But if you're considering Chapter 13 bankruptcy,...
How long after bankruptcy can I buy a house?
So you’ve declared bankruptcy at some point in the recent past and now you’re wondering when you can buy a new home. The simple answer to this question is, well, simple: Whenever you want. There aren’t any specific laws limiting your ability to buy a home at any point during...
Can your debt cause you to lose your tax refund?
If you’re expecting a tax refund, you probably already know how you’re going to spend it. But there’s a chance your refund won’t hit your mailbox or your bank account at all if you’re behind on certain debts. Here's how your debt can cause you to lose your tax refund....
The difference between debt management & debt settlement
If you’re experiencing the weight of credit card or loan debt and are falling behind on payments, you may be exploring your debt relief options, such as debt settlement or debt management. How do you decide which is best for your situation? Here are the differences between them. First, two...
How long does debt settlement stay on your credit report?
If you’re thinking about settling your debt — essentially negotiating with your creditors to pay off your debt for less than what you owe — be aware that making a settlement doesn’t mean your debt disappears from your credit report. In most cases, a settled account remains on your credit...
How often can you file bankruptcy?
Most people don’t want to file bankruptcy even once, let alone twice or thrice. But there are financial reasons why it may be necessary at times. There are limitations to how frequently a consumer can file, though. Let’s take a look at what those limitations are and how they can...
What are debt settlement programs?
If you’re in debt, you’re certainly not alone. The Federal Reserve estimates that Americans have over $15 trillion in consumer debt. However, if the debt feels like a hole that you may never be able to dig yourself out of, you may be considering a debt settlement program. Here's what...
Debt relief vs. credit counseling: Which is right for you?
Navigating your debt relief options may seem daunting. Debt relief and credit counseling are just two major types of debt management you might consider. With debt relief, you hire a company to negotiate a settlement with your creditors. With credit counseling, you get access to services ranging from budget planning...
Credit counseling vs. Chapter 13 bankruptcy: Which is right for you?
If you find yourself in over your head in debt it might feel like there’s no chance of relief, but you do have options to manage your debt. In fact, there are many ways to take control of your finances and get back to a healthy situation. Here we will...
How long does it take to rebuild credit after debt settlement?
If you’re thinking about settling your debt, or in the process of doing so, you’re probably looking forward to having that financial weight taken off your shoulders. You might also hope that your credit score will rebound quickly once you settle your debts. Debt settlement, though, won’t improve your credit...
How does debt settlement affect your credit score?
If you’re considering settling your debt or already in the process, you no doubt want to know how debt settlement will affect your credit score. The answer depends on a number of factors. Debt settlement will hurt your score, but that might be acceptable to you, especially if you have...
How to settle credit card debt before going to court
The best defense against being sued for credit card debt is, of course, to pay your debts before that happens. That doesn’t necessarily mean paying them in full or right away. But even if you’ve already received notice of a lawsuit, it’s not too late to settle your credit card...
Voluntary vs. involuntary bankruptcy: common scenarios for each
Bankruptcy often carries a stigma that keeps people from considering it as an option for debt relief. However, there are times when it’s the right solution for consumers who are struggling with more debt than income as it provides court protection and a chance to rebuild credit. Here are the...
Debt consolidation vs. bankruptcy: What’s the difference?
If you’re on the brink of going deeper in debt and facing late payment fees, you may be considering debt relief options. Debt consolidation vs. bankruptcy? Both are worth considering to get on a path to a clean financial slate. Here's what you need to know about each in order...
How to negotiate credit card debt settlement by yourself
If you find yourself crippled by credit card debt, having racked up charges that will be hard to pay off, you might be able to settle your accounts with your lenders for less than what you owe. And you might not need a debt settlement company to do it. Here's...
Bankruptcy: The differences between Chapter 7 & Chapter 11
If you’re falling behind on credit card and loan payments or noticing that the debt keeps growing despite your best efforts to stay current, it may be time to seek protection against your creditors. Facing bankruptcy can be daunting, but know that millions of Americans have taken this route to...
Bankruptcy: The differences between Chapter 7 & Chapter 13
When you’re facing more bills than income, sorting through the options for debt relief becomes a mission of urgency. You may want to rule out even thinking about bankruptcy because it has such a bad rap in many circles. But the truth is that sometimes it’s your best option. Learning...
Best debt management program reviews
If you find yourself deep in debt, you may be considering getting help from a professional. That could mean enrolling in a debt management program (DMP) through a credit counseling agency. Most of these agencies are nonprofits that offer free or low-cost financial services like budget planning, housing advice, debt...
Debt consolidation or Chapter 13 bankruptcy: Which is right for you?
If you’re considering consolidating debt or filing for Chapter 13 bankruptcy, you’re likely facing serious financial distress. Both debt relief solutions may offer you a path to recovery but also present some challenges worth understanding. Here's what to consider when making the choice between debt consolidation and Chapter 13 bankruptcy....
What does it mean when a collection agency uses the term “pre-legal” and how can Resolve help?
Some collection agencies and debt buyers have internal teams that are often referred to as “legal” or “pre-legal” departments. Resolving an unpaid debt when accounts are in these departments will often yield better savings and/or more flexible payment terms. Aside from using the term pre-legal, several credit card issuers will...
What does it mean when a collection law firm has contacted me?
Not all unpaid debts will wind up in court. Some lenders and debt buyers use collection law firms a ton, while others use them sparingly, and others still, not at all. What could happen: When your account lands with a law office for collection, it typically means they are willing...
What can I expect when my debts have been sent to a collection agency?
Hearing from a collection agency will typically mean you have fallen behind enough on a bill for your creditor or service provider (utility bill, medical debt) to have given up trying to get you to pay.When it comes to credit card bills, you can start hearing from collection agencies after...
How debt management differs from debt consolidation
If you’re in debt and don’t see an easy way out, you might have started investigating your options. That could include two similar-sounding debt relief options: debt management and debt consolidation. What's the difference? While both options involve combining several outstanding balances into one balance that you can make a...
How does a debt management company work?
If your debt is piling up, and you’re finding it tough to stay on top of your payments, you might be looking for some relief. One option to consider is working with a debt management company. Getting relief can seem even more pressing if you’ve already missed some payments, which...
What happens when you file for bankruptcy?
Bankruptcy isn’t something most of us want to consider, even when we’ve dug ourselves into a significant financial hole. But in some circumstances, bankruptcy can provide the financial protection and relief we need. Here's what you need to know when you decide to file for bankruptcy. Perhaps the most difficult...
Here’s why you shouldn’t send a settlement offer letter to settle your debt
I am not a big fan of sending your creditors and debt collectors a written offer letter to settle your debt for less. In fact, negotiating through the mail is often counterproductive to reaching your goal. Here are some reasons why sending a settlement offer letter can hurt you: Your...
What’s the difference between bankruptcy dismissal & discharge?
If you’ve been researching bankruptcy as an option for solving your debt issues, you may have come across the terms “dismissal” or “dismissed” and “discharge.” At first glance, these may seem like the same thing, but they’re actually very different. Let’s take a look at why. The different types of...
How long does bankruptcy stay on my credit report?
If your debt has you feeling overwhelmed and you’re considering filing for bankruptcy, it’s important to consider all of your options before making a final decision. Bankruptcy can have a lengthy adverse impact on your credit, making it almost impossible to open new lines of credit until well after your...
Is bankruptcy the right choice for me?
The word bankruptcy can strike financial fear into a lot of people. It comes with a good bit of stigma, and most of us would prefer to avoid it. But the truth is that hundreds of thousands of people in the United States file for bankruptcy protection every year. For...
What is debt management?
If you’re struggling with mounting debt, you probably already know the challenges that high interest rates and fees can present. But if you have consistent income and, ideally, a bit of money in savings, debt management may be an option to remedy these challenges. So, what is debt management? Consider...
What you need to know about debt settlement vs. debt consolidation
There are several ways to deal with mounting debt. Debt settlement and debt consolidation may both be viable options, but it’s important to assess which is the best solution to help you eliminate your current debt and improve your financial situation moving forward. What is debt settlement? Debt settlement allows...
Debt settlement vs. bankruptcy: Which is right for you?
When you’re in need of serious help getting your credit back on track, there are two debt relief options that are worth considering. Both debt settlement and bankruptcy will reduce or eliminate your debt, but can also negatively impact your credit in the near term. Here’s what you need to...
How to settle IRS debt by yourself
Taxes aren’t exactly a fun part of life, and they certainly aren’t optional. If left unpaid, your tax bill can balloon and cause a huge financial headache, one that might be difficult to get rid of. But what many people don’t know is that they have options when it comes...
How to settle debt & remove it from your credit report
Settling debt is essentially coming to an agreement with your creditors to pay back part of what you owe and be forgiven for the rest. If you’re at the stage of considering settling debt, then you’ve already missed several payments, probably months worth, which takes a toll on your credit....
How to settle with a debt collector
If you’ve fallen behind on a debt, and the debt collectors are calling, you’re probably under a lot of stress. It’s important, though, not to panic and to come up with a plan of action. Here's how to settle with a debt collector. The first thing you should know is...
How to settle credit card debt
The typical American household is carrying average credit card debt of $9,333 according to recent research. If you’re among them, you may be dealing with overwhelming debt and looking for a viable solution. Fortunately, there are several options for resolving your debt and debt settlement may be one of them. Once you...
What is debt settlement?
If you’re finding that your debt has become unmanageable, you may be looking at options for paying it down or resolving it altogether. One approach is to establish a debt settlement plan. This isn’t always the right solution, though, so it’s important to assess your financial situation, and then understand...
How does saving in interest help me?
On average, your interests rates for both credit cards and bank loans will be reduced down to 6% with a DMP, which means lower monthly payments for you. DMPs have a payoff time of 60 months or less. This can shave 15 or more years off of a person's credit...
Why is there a monthly fee for a DMP?
The nonprofit credit counseling agency that will implement your DMP charges a nominal monthly fee to administer your plan, remit payments to creditors, etc.
Why do I see a range in payment amounts for a DMP?
Debt management plans are estimated between 1.7 and 2.5 percent of your enrolled debt (the accounts accepted into the plan). If you enroll $30k in a DMP, your new monthly payment will be between $510 and $750. You need to contact an accredited DMP provider in your state to get...
Is debt management the same as debt consolidation?
Debt management usually involves working with a credit counseling agency that seeks to lower interest rates on your existing loans and credit card debts. Debt consolidation, on the other hand, usually means taking out a large loan from a creditor to cover the balance of all your existing loans and...
When will I be able to get a credit card, loan, car and/or mortgage after a DMP?
You can apply for car loans, student loans and mortgages while in a DMP, and certainly after. It is often best to wait until you complete your DMP before applying for new credit cards and unsecured loans.
What will show on my credit report during a DMP?
Nothing negative should appear on your credit report during this time. Your report should show that you're making your payments on time. Some of the accounts may show you are enrolled in a DMP.
How will my credit score change during and after a DMP?
Your credit score shouldn't be impacted during or after a DMP. Your utilization should come down which can help your credit score. However, because your accounts in the plan typically get closed, you will lose some "account type" diversity, which can be replaced later.
How does a DMP impact my credit score in the beginning?
There should be no meaningful impact if you have maintained on-time, minimum payments. If you already made late payments prior to the DMP, the credit damage has already happened.
What are the risks of a DMP?
A DMP requires somewhat consistent monthly payments. If you miss a few payments, your plan could end and your debts would go back to the original interest rates.Accounts enrolled in the plan will be closed. This means that when the DMP is over, while the debt is paid and your...
What are the benefits of a DMP?
On average, your interests rates for both credit cards and bank loans will be reduced down to 6%, which means lower monthly payments.They may make it more affordable and have a fixed pay off time of 60 months or less.You won't have to deal with collectors.If you make your agreed-upon...
Can I do a DMP on my own?
No, a credit counseling agency will need to do this for you; however, some creditors may offer hardship plans to you directly. If you decide that a DMP is the right option for you, you’ll need to contact a licensed credit counseling agency in your state. Both the National Foundation for...
How much does a DMP cost?
These plans are highly regulated, so fees vary by state. Typically, a nominal fee is built in to your monthly payment that will always be between 1.7 and 2.5 percent of your total balances enrolled. Most states cap fees between $50 and $75, and a certain percentage of people enrolled...
How long does a DMP take?
Debt management plans typically last 36 to 60 months but cannot exceed 60 months of repayments. You can finish them faster by paying extra when you have more to give, but you won't be able to extend the plan beyond five years.
How does a DMP work?
In order to begin a DMP, you will need to reach out to a credit counseling agency licensed in your state. The agency will work to reduce the interest rates you are currently paying so you can bring down more of the principle. However, you will need steady income, because...
What is a debt management plan (or DMP)?
A debt management plan (also known as a DMP) is a sponsored repayment plan where you work with a nonprofit credit counseling agency to pay back your existing debts. The plan puts all your qualified debts into a single payment, reduces interest rates and often eliminates fees. These plans typically...
When will I be able to get a credit card, loan, car and/or mortgage after bankruptcy?
You can apply for credit cards, loans and car loans right after discharging debts in Chapter 7 bankruptcy. However, the rates may not be ideal. You can apply for a mortgage 2-3 years after discharging as well. Please keep in mind that Chapter 13 is a much longer process than...
What happens to my car in bankruptcy?
If you are still paying on your car loan, you can reconfirm the loan in Chapter 7 and continue to drive, and eventually own your car with regular payments. You could also use the Chapter 7 process to shed your loan obligation on an underwater car loan. If you own...
How does bankruptcy impact my home?
How much of your home equity is protected in a Chapter 7 bankruptcy is determined by the state you live in. A limited number of states protect the entire value of your home, while others protect very little. If you do meet your state's homestead/equity exemptions, you would continue to...
What will show on my credit report after bankruptcy?
A bankruptcy remark will show on your credit report for 10 years after filing Chapter 7. However, you can take steps to rebuild your credit immediately. A bankruptcy remark will show on your credit report for 7 years after filing Chapter 13. Because Chapter 13 takes up to five years...
What will show on my credit report during bankruptcy?
There is no "during" period when filing Chapter 7 because it's over so quickly. As for Chapter 13, you're unfortunately in credit purgatory until your payments are complete. This can take up to five years, so there won't be any updates to your credit report until you're done with all...
How will my credit score change during and after bankruptcy?
After a Chapter 7 discharge, you can start rebuilding credit immediately. Given that a Chapter 13 bankruptcy can take up to five years, there likely won't be any meaningful credit rebuilding opportunities until it's complete.
How does bankruptcy impact my credit score in the beginning?
There's no way to sugarcoat it, filing Chapter 7 or Chapter 13 Bankruptcy will cause a pretty hard hit to your credit.
What are the risks of bankruptcy?
There is a period of time where it impacts your credit and may impact your immediate financial goals.History shows the majority of people who file Chapter 13 Bankruptcy risk not completing it, and therefore waste money and time on a solution that did not work.It's public. This doesn't impact most...
What are the benefits of bankruptcy?
Despite the prevailing stigma surrounding bankruptcy, hundreds of thousands of people in the U.S. file for bankruptcy protection every year. For many, debt relief under court protection can be the tool they need to get their financial lives back on track. Here are the four main benefits of bankruptcy, and...
Can I file bankruptcy on my own?
It is possible to file bankruptcy for both Chapter 7 and 13 without a bankruptcy attorney but we don't recommend it. Working with a professional is advised since this is a legal process.
How much does bankruptcy cost?
The average national cost for Chapter 7 is around $1,800, but this will vary by your location.Chapter 13 varies, but expect to pay $3,000 or more.
How long does Bankruptcy take?
Chapter 7 is typically over in 90 days.Chapter 13 Bankruptcy plans run for 3 or 5 years. The vast majority of them are set for 5 years of repayments.
How does bankruptcy work?
The two most common types of bankruptcy filings are Chapter 7 and Chapter 13. In most cases, you'll want to reach out to a bankruptcy attorney near you and schedule a consultation; most of them do this for free (so if they want to charge you, find a new attorney)....
What is bankruptcy?
Depending on the type of filing, bankruptcy is an opportunity for a consumer to gain protection from creditors using the courts, discharge unsecured debts entirely, or enter into an organized repayment plan. There are different types of bankruptcy filings and pros and cons within each option. Chapter 7 and Chapter 13...
Should I get help from a traditional Debt Settlement company?
We are not fans of how most debt settlement companies charge such high fees! And they often settle debts in the wrong order that allows them to get paid quickly, and not in a manner that saves you the most. At Resolve, we are biased about these companies, as we offer an alternative solution,...
Can I do Debt Settlement on my own?
Yes, many people are successful negotiating with creditors and debt collectors on their own, but be prepared to do your own research. It is hard work to optimize results. So, as for anything, there are pros and cons to this approach.
What happens if I get sued?
We have attorneys available that can represent you for as little as $200 that will continue to work on negotiating a settlement, be prepared to pay 50% or higher on lawsuit negotiations. For more information, you can reach out to our support team by emailing support@helloresolve.com or schedule a consultation appointment here!
Can I be sued by my creditor while pursuing Debt Settlement?
Yes. Creditors have the right to file a lawsuit if you are not paying a debt. Being sued is one of the biggest concerns you should have before determining if debt settlement is something you should attempt. Feel free to contact us for a free consultation so we can help you calmly...
When will I be able to get a credit card, loan, car, and/or mortgage after debt settlement?
You can apply for credit cards, loans, car loans, and mortgages right after your last settlement payment is made.
What will show on my credit report during and after debt settlement?
Remarks of 30, 60, 90, 120, 150 days late, followed by a charge-off will appear. Additional trade lines could be reported later on by debt collectors and debt buyers.Once paid, it will show as a paid collection, but you can still accomplish your future credit and finance goals even with paid collections...