San Diego Debt Settlement Attorney – Debt Relief Lawyer
Once a consumer debt goes into default, creditors have difficult choices to make. They can continue collection efforts, sue on the debt or sell the debt to a third-party debt buyer. You probably hear that creditors sell these debts for pennies on the dollar. In my San Diego credit card debt settlement law firm, I …
Continue reading “Debt Sellers Expose Consumer Information Online”
What Happens When A Credit Card Company Sues A Consumer In Debt Failure to pay back your credit card debt when it comes due is considered a breach of contract. I own a San Diego credit card debt settlement law firm. Every day I am working with clients that have more debt than they can …
You may have heard the phrases “good debt” and “bad debt” get tossed around by those that study consumer debt. Most, if not all, will agree that credit card debt is bad debt. The newly released numbers are staggering. Over 2 million households have over $20,000 worth of credit card debt. Consumer debt in total …
Many consumers depend on the use of credit cards on a daily basis. Having credit cards is a huge responsibility that many are not properly equipped to handle. Making mistakes along the way can cost you big time. Considering Americans are still facing credit card debt that exceeds $800 billion, there is much at stake …
Continue reading “5 Credit Card Mistakes That Will Cost You”
It is unfortunately all too common for consumers to carry balances on their credit cards. This may be acceptable if you are on a low or no-interest promotional interest rate. But if your credit card interest rate is in the high teens, carrying a balance can cost you dearly. Not only will you pay much …
I talk to consumers on a daily basis about credit card debt. Some people see credit cards as a necessary evil although I know a number of people that are able to live without one. You can actually use a debit card for most things requiring a credit card. Yes, if you rent a car …
What I’m about to say shouldn’t come as a surprise to you. Debt issues can ruin a marriage. For whatever reason, couples don’t like to talk about their debts. It’s not a comfortable topic, especially if a spouse has been hiding debt from the other. The following article hits on this topic with a story …
Continue reading “For richer, for poorer. Til Debt Do We Part.”
Unfortunately, debt collectors aren’t always known for their manners. A review of Capital One’s Cardholder Agreement recently revealed a little known clause that states that they can contact you in any matter they please, including a visit to your home or place of employment. Capital One claims that they have no plans to join you …
Credit card debt continues to be one of the major debts in the United States behind mortgage debt and student loan debt. Consumers still owe in excess of $850 billion in credit card debt. This is an alarming statistic because it shows that consumers are still dependent on credit cards to supplement income or to …
Death and taxes are the proverbial certainties in life. In my debt settlement practice, I always counsel prospective clients on the potential tax ramifications for negotiating a reduction in their unsecured credit card debt. Thanks to a Tax Court decision, I am pleased to share with my clients that fees paid to my firm for …