Bankruptcy? Foreclosure? Short Sale? Loan Modification? When you’re struggling to pay debts, these credit events can make you worry about your FICO score. The truth is, any of these may reduce your creditworthiness. Simply put, your credit score can affect whether you qualify for another mortgage, a car loan, a credit card, or other financing. […]
FICO Score: Which Credit Event Has The Worst Effect In Arizona? Read More »
When you find a credit report error, you would expect the credit reporting agency to correct it. But, what happens if the agency tells you that the information was verified? Worse, what would you do if they refused to remove it or gave you a vague response to your request? A credit report error may
When bills, debts, or loans become difficult to pay, debt settlement may seem like a practical solution. You may see ads claiming that a company can reduce your debt, lower your payments, or help you avoid bankruptcy. You may also find attorneys who offer debt negotiation services. Both debt settlement companies and attorneys may try
Debt Settlement in Arizona: Should you Hire an Attorney or a Settlement Company? Read More »
A car repossession is stressful enough. Thus, when the car lender sues you for more money afterward, it all boils down to panic and confusion. After all, they already took the car. Though it may seem like you no longer owe anything, you may unfortunately, still do. In Arizona, this is called deficiency balance. This
Car Repossession: Should I Hire a Lawyer If My Arizona Car Lender Sues Me Afterward? Read More »
A credit card lawsuit in Arizona can lead to a judgment if you don’t respond. Therefore, if you get sued by a credit card company, it definitely makes sense to talk to a lawyer. You may not always need full representation from start to finish, especially if the amount is small. A debt defense attorney
Credit Card Lawsuit in Arizona: Should I Get a Lawyer? Read More »
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 »
