When you are behind on credit cards, medical bills, or other unsecured debt, it can feel like every paycheck is already spent before it hits your account. In this situation, debt management plans (also called DMP) may provide viable solutions for managing your finances. Overview of Debt Management Plans Debt management plans make repayments more […]
Debt Management Plans in Arizona: Pros and Cons Read More »
If you settle a debt for less than the full amount you owe, you may feel relieved at first. The collection calls stop. The lawsuit threat may go away. It may feel like you can start moving forward. However, many people do not know about the tax consequences of settling debt. You see, a creditor
Tax Consequences of Settling Debt in Arizona Read More »
When you start falling behind on bills, it usually does not happen all at once. Maybe you missed a credit card payment because of medical expenses. Or maybe your income dropped after losing a job. Other circumstances like inflation, rent, childcare, or unexpected repairs may push you further behind every month until catching up becomes
Negotiating With Creditors in Arizona Read More »
Creditor lawsuits can feel unsettling and overwhelming. Creditor litigation, however, follows a structured legal process. Understanding how this works can significantly affect the outcome of your case. It is important to learn the legal standards and practical implications to set the right expectations and act on the demands and the case accordingly. Summons and Complaint
Creditor Lawsuits: What to Expect When You’re Sued by a Debt Collector in Arizona Read More »
In Arizona, the law imposes strict time limits on a creditor’s ability to file a lawsuit to recover unpaid debts. These limits, known as statute of limitations, provide consumers with legal protection, resulting in time-barred debts. Understanding when a debt becomes “time-barred” is a must, particularly if you are facing collection efforts involving older obligations.
Time-Barred Debts in Arizona: When Creditors and Collectors Can’t Sue You Anymore Read More »
When a debt buyer files a lawsuit against you, they pray for a court order for you to pay an old debt. Debt buyers are companies that buy charged-off consumer debt from original creditors. They buy these for almost nothing and then sue debtors to get the money back. However, a lawsuit is not an
Common Defenses in Debt Buyer Lawsuits in Arizona Read More »
Even if you’re doing everything you can, handling debt collection calls can be stressful. In Arizona, you have some rights on how (and when) a third-party debt collector can contact you, what they can say, and what you can demand in writing. When this happens, do not try to win a dispute over the phone.
Handling Debt Collection Calls in Arizona: Do’s and Don’ts Read More »
The Fair Debt Collection Practices Act (FDCPA) protects debtors from harassment and misleading statements from creditors. Knowing your rights against a debt collector will help you avoid unfair and abusive treatment. Debt Collection Laws When a collector chases you in Arizona, you’re protected by: Federal law – mainly the Fair Debt Collection Practices Act (FDCPA),
What Are My Rights Against a Debt Collector in Arizona? Read More »
Imagine getting an intimidating call from an unknown number, demanding payment for an old credit card or medical bill. If that call includes threats to sue or a form of harassment, then you have the right to question the process of collection. Debt validation is your legal right under the Fair Debt Collection Practices Act
Debt Validation in Arizona Read More »
When financing a car, the lender technically “owns” part of it until you finish paying off your loan. When payments fall behind, the lender can legally take the car back. This is called repossession. In Arizona, you may receive a car repossession notice, so you will know how to handle things after your car is
Car Repossession Notice: What is Required in Arizona? Read More »
