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How is Credit Card Debt Handled in Chapter 13 Bankruptcy?

Credit Card Debt and Bankruptcy Chapter 13 bankruptcy helps debtors reorganize their debt into manageable payments scheduled over a certain time period. When it comes to credit card debt , the amount you pay may vary depending on multiple factors. If you make necessary payments according to your plan you may qualify to have any [...]

By |2018-11-07T22:15:55+00:00August 16th, 2012|Credit and Bankruptcy|Comments Off on How is Credit Card Debt Handled in Chapter 13 Bankruptcy?

Dividing Credit Card Debt in Divorce

Splitting Credit Card Debt in Texas Debt including credit card debt is divided in divorce depending on what state you reside in.  Community property states such as Texas separate debt differently than equitable distribution states, also referred to as common law states.  There are a few things that can be done before debt is divided [...]

By |2017-12-13T02:12:55+00:00July 5th, 2012|Credit and Bankruptcy|Comments Off on Dividing Credit Card Debt in Divorce

Can Creditors Pursue My Cosigner if I File Bankruptcy?

When you file bankruptcy, most often the debtor who files the petition, also known as the primary borrower, is protected from creditors.  This may vary depending on which chapter is filed.  It is possible for creditors to pursue collection attempts with the cosigner since they originally agreed to pay if you are unable to. Options [...]

By |2018-11-14T17:31:39+00:00June 29th, 2012|Credit and Bankruptcy|Comments Off on Can Creditors Pursue My Cosigner if I File Bankruptcy?

When You Are Getting Sued for Past Credit Card Debt

Being Sued for Past Credit Card Debt? Many consumers wonder if getting sued for past credit card debt is possible.  The truth is creditors have the option to sue for debt for several years after payments have stopped being made on the account.  It may depend on how much is owed on the account but [...]

By |2017-12-13T02:13:17+00:00May 29th, 2012|Credit and Bankruptcy|Comments Off on When You Are Getting Sued for Past Credit Card Debt

Do I Have to Appear in Court If I Am Being Sued for Credit Card Debt?

Credit card companies can initiate lawsuits against debtors who owe them money. In so doing, they are attempting to seek a judgment against the debtor in order to use more aggressive tactics to collect their debt. This can include asset seizure, garnishment of wages, or levies on your bank accounts. For those who own real [...]

By |2018-10-22T17:56:27+00:00May 18th, 2012|Credit and Bankruptcy|Comments Off on Do I Have to Appear in Court If I Am Being Sued for Credit Card Debt?

Can I Consolidate Credit Card Debt While Unemployed?

During a period of unemployment you have some serious decisions to make regarding outstanding debt.  Debt consolidation is often an option consumers may use to help manage their debt.  This includes combining outstanding loans with a new loan that pays off what was owed, leaving just one payment to be made each month instead of [...]

By |2018-11-13T19:49:45+00:00May 16th, 2012|Credit and Bankruptcy|Comments Off on Can I Consolidate Credit Card Debt While Unemployed?

Dealing with a Lawsuit From a Credit Card Company

Being Sued by a Credit Card Company? Being sued for credit card debt makes many consumers nervous about dealing with the situation.  The issue becomes more complicated if you're unsure if the debt is really yours or you can't afford to pay it. While creditors should be able to provide proof related to their claim, [...]

By |2017-12-13T02:13:39+00:00May 4th, 2012|Credit and Bankruptcy|Comments Off on Dealing with a Lawsuit From a Credit Card Company

What You Should Know About Credit Card Delinquencies and Potential Lawsuits

Credit card debt is the most common form of debt that is unsecured.  This means that if you default on payments or choose not to repay what is owed, the credit card company has a right to sue.  Depending on what is owed on the account, a lien may be placed against property or you [...]

By |2018-11-12T22:43:29+00:00April 16th, 2012|Credit and Bankruptcy|Comments Off on What You Should Know About Credit Card Delinquencies and Potential Lawsuits

Can I Get Credit Card Debt Discharged that Belongs to My Deceased Spouse?

In most cases, if a credit card belongs to one person, the same individual would be responsible for debt incurred on the card.  When your deceased spouse has credit card debt , there are different factors that help determine who is responsible for paying the debt upon death. When a spouse passes away, it will [...]

By |2018-11-09T18:27:01+00:00April 6th, 2012|Credit and Bankruptcy|Comments Off on Can I Get Credit Card Debt Discharged that Belongs to My Deceased Spouse?

What To Do When A Creditor Decides To Sue

Being Sued by a Creditor? Now that the amount of delinquencies and defaults are on the rise, many creditors are using lawsuits more frequently to collect debts.  What should a debtor do if they receive notice of a creditor lawsuit filed against them? Below are few tips: Tip #1:  Don't panic.  Lawsuits filed by creditors [...]

By |2017-12-13T02:14:44+00:00August 29th, 2011|Credit and Bankruptcy|Comments Off on What To Do When A Creditor Decides To Sue