The Economics of Owning a Car
Chances are if you’re in over your head in unsecured debt, you’re probably trying to find ways to scale back your monthly budget so you can start paying your way toward financial freedom.
Do You Qualify for Debt Settlement?
Debt settlement can slash the amount of unsecured debt you owe – not just your interest rate as is the case with debt consolidation, where you would take out a single lower interest loan equal to your original balance.
Can creditors sue if you don’t repay your debt?
While the law affords consumers certain protections against unfair debt collection practices, under certain circumstances, lenders can still take legal action against you if you fail to pay your debts.
The Fair Debt Collection Practices Act (FDCPA)
Debt collectors have been known to take advantage of vulnerable consumers by bullying them into paying their debts. Even certain law offices have been shown to function as law suit mills, where lawyers sign thousands of wrongful claims per week that are given barely a minute’s attention.
