US Representative Heath Shuler had earlier this month introduced the Medical Debt Responsibility Act of 2011. As per the requirements of the bill, credit bureaus such as Experian, Equifax, and TransUnion had to remove settled or paid medical collection item up to $2,500 for every collection, out of the credit reports. When unpaid medical bills [...]
Tags: Debt, Medical Debt
Posted December 6, 2011 by Brayden Laura under Credit Report
One option is debt negotiation, also called debt settlement or credit settlement, and this is a process where the debtor and creditor discuss what a debtor owes and come to an agreement that reduces the debt and covers the payment in full. The consumer makes monthly payments and the goal is that the creditor agrees [...]
Tags: Debt, Debt Negotiation
Posted November 24, 2011 by Brayden Laura under Credit Report
If you are unable to manage your credit card debts, you may feel trapped in a helpless situation. This is just natural feeling. Having piled up debt and not knowing where to get the money to pay them off can be very frustrating. In fact a lot of people have developed a psychological disorder caused [...]
Tags: Card Debt, Credit Card, Credit Card Debt, Debt
Posted October 5, 2011 by admin under Bankruptcy Articles
When a debtor calculates a Chapter 7 means test analysis he is entitled to deduct from income transportation expenses associated with ownership of a car. All Florida debtors can deduct from income a general transportation expense which is approximately $250. There is another deduction associated with the expense of owning a car known as the [...]
Tags: Debt, Means Test
Posted May 19, 2011 by Brayden Laura under Credit Report
Many people who wanted to file Chapter 13 found that they were ineligible because their debts exceeded the Chapter 13 debt limits of approximately $1 million of secured debt or approximately $360,000 of unsecured debt. The debt limits have affected more people in the past few years because inflated real estate values during the boom [...]
Tags: 13 Debt, Chapter 13, Chapter 13 Debt, Debt
Posted April 14, 2011 by Brayden Laura under Credit Report
Are you being sued by a former creditor? The purpose of filing for bankruptcy is to discharge debt. Protect your discharge by taking action if creditors attempt to collect after bankruptcy. I received a call yesterday from an old bankruptcy client. Nice guy, retired from the military. He and his wife were quite alarmed to [...]
Tags: Debt, Debt Might
Posted February 3, 2011 by Imogen Lay under Credit Report
Excessive debt is suffocating; like a dark cloud in cartoons, debt hangs gloomily over your head and affects nearly every aspect of your life. Anytime you think the situation is under control, another bill arrives; like always, due to late fees, it’s double the amount you were anticipating. You know you have to get your [...]
Tags: Debt, Debt Settlement
Posted January 29, 2011 by Brayden Laura under Credit Report
A recent report from CreditBloggers.com notes that U.S. Senator Al Franken (D – Minn.) has proposed new legislation that would require debt collectors to follow more stringent guidelines when attempting to collect on debts. The proposal should be welcome to anyone who has ever felt frustrated, overwhelmed or simply stressed out by aggressivedebt collection practices. [...]
Tags: Debt, Debt Collection
Posted October 16, 2010 by Amelie Hampton under Bankruptcy Articles
In an era of high unemployment and personal debt loads, it may trouble some people to learn that having a significant personal debt burden might decrease a person’s odds of getting security clearance for some government jobs and regular employment at others. Here’s a look at how debt and employment are linked and what you [...]
Tags: Debt, Debt Cost
Posted September 13, 2010 by Amelie Hampton under Bankruptcy Articles