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Dealing with Debt

Learn about common debt problems, including filing for bankruptcy.

Xổ số miền bắc 2

  • Military Service Members

    The assists active-duty military with financial burdens. Under this act, you may qualify for a reduced interest rate on mortgages and credit card debts. It can offer protection from eviction. It can also delay civil court including bankruptcy, foreclosure, or divorce proceedings. To find out if you qualify,. 

    File a Complaint About a Credit Counseling Service

    • Xổ số miền bắc 2 for concerns about credit counseling agencies.

    Xổ số miền bắc 2

  • Debt Consolidation Options

    Xổ số miền bắc 2You may be able to lower your cost of credit by consolidating your debt through a . 

    • Xổ số miền bắc 2With a home equity loan, the lender advances you the total loan amount upfront. 

    • Xổ số miền bắc 2A home equity line of credit provides a source of funds that you can draw on as needed. 

    Xổ số miền bắc 2It's important to keep in mind that these are secured loans that require you to put up your home as collateral. If you’re unable to make payments on time, you could lose your home. 

    Two other popular options are credit card balance transfers and debt consolidation loans.

    File a Complaint About a Lender

    If you have a problem with a lender involving debt consolidation, first contact that lender. If you can't resolve the problem, .

    Xổ số miền bắc 2 prohibits debt collectors from using abusive, unfair, or deceptive practices to collect from you.

    What Types of Debts Are Covered?

    Xổ số miền bắc 2The Act covers personal, family, and household debts. This includes money owed on personal credit card accounts, auto loans, medical bills, and mortgages. The FDCPA does not cover debts incurred in running a business.

    What Happens After a Debt Collector Contacts You?

    Within five days after a debt collector first contacts you, the collector must send you a written notice that tells you the name of the creditor, how much you owe, and what action to take if you believe you do not owe the money. If you owe the money or part of it, contact the creditor to arrange for payment. If you believe you do not owe the money, contact the creditor in writing and send a copy to the collection agency informing them with a letter not to contact you.

    What Practices Are Off Limits for Debt Collectors?

    Xổ số miền bắc 2A debt collector may not:

    • Contact you at inconvenient times, for example, before 8 AM or after 9 PM, unless you agree to it.
    • Communicate with you at work if you tell the debt collector your employer disapproves.
    • Contact you after you send a letter to the collector telling them to stop, except to notify you if the creditor or collector plans to take a specific action.
    • Communicate with your friends, relatives, employer, or others except to find out where you live or work.
    • Harass you with repeated phone calls, profane language, or threats to harm you.
    • Make any false claim or statement that you will be arrested.
    • Threaten to have money deducted from your paycheck or to sue you, unless the collection agency or creditor intends to do so and it is legal.

    File a Complaint About a Debt Collector

    Report any problems you have with a debt collection company to your , the , and the . Many states have their own debt collection laws that are different from the federal Fair Debt Collection Practices Act. Your state Attorney General’s office can help you find out your rights under your state’s law.

    Xổ số miền bắc 2 allows people with a steady income to keep their property. This would include a mortgaged house or a car, that they might otherwise lose in the bankruptcy process.

  • is known as straight bankruptcy. It involves liquidating all assets that are not exempt under federal or state law.    

  • File for Bankruptcy

    Xổ số miền bắc 2The established stricter rules. These rules apply to both consumers and attorneys. To file for bankruptcy, you'll need to:  

    • File documents. This includes itemized statements of monthly net income and proof of income (pay stubs) for the last 60 days. Also, you should include tax returns for the preceding year (four years for Chapter 13 bankruptcies). Find out how to get a copy or transcript of your tax return.

    • Take a pre-filing credit counseling and post-filing education course to have debts discharged. Find an approved credit counseling provider through .

    • Xổ số miền bắc 2Pay , plus fees for credit counseling and education.

    The bankruptcy and petition process is complicated, so it can be difficult to file without an attorney. Attorney fees are extra and vary.

    Report Bankruptcy Fraud or Abuse

    You can at the Department of Justice (DOJ).

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    Xổ số miền bắc 2Last Updated: October 1, 2020