FAQ

After filing a lawsuit and obtaining a Judgment, which is a Court Order to pay, a creditor has the ability to potentially attach your wages for up to 25% of your net income each pay period until the balance due on account has been satisfied.  Those funds would then be directly deducted from your ...

Creditors have the option of initiating a lawsuit in either a Municipal or County Court depending upon the balance due on account.  The maximum value that a Municipal Court can adjudicate is $15,000.00, so a debt in excess of that sum would need to be pursued at the County level.  n comparison, ...

Bankruptcy should typically be exercised as a measure of last resort.  However, if you lack the financial ability to pay your obligations it may be an appropriate option.  That entails Court ordered protection from your creditors' ability to collect upon the balances due. Relief in a Bankruptcy ...

A common practice among credit card and loan is to sell their default accounts to third party debt purchasers.  This provides the lenders revenue, and the new company can then generate a profit by successfully pursuing the borrowers in collections. Commonly these companies are mistaken for colle...

If you are delinquent in your mortgage you can potentially cure the problem by paying the Reinstatement.  That would require your remittance of a one-time payment consisting of your arrearage, any late fees, escrow advances, as well as the Court costs and Attorneys' fees incurred by the mortgage ...