Blog Posts in April, 2017

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  • We Are Letting Our ATV Go to Repo
    We Are Letting Our ATV Go to Repo

    Question: We are letting our atv go to repo, we are wondering if they can come back on us for what is owed? The atv was purchased with a credit card through the company that makes it. We have never ...

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  • Attempts to Collect Settled Debt.
    Attempts to Collect Settled Debt.

    Question: I had a debt in excess of $8,000 back in 2009. I received a letter from a collection agency saying they will settle it for $6,000. I happily agreed to save that $2,000 and paid the $6,000. I ...

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  • Student Loan Debt Overtakes Credit Card Debt
    Student Loan Debt Overtakes Credit Card Debt

    from Credit & Collection News (industry publication) Business leaders across the country are warning of the dangers in massive student loan debt, which has overtaken credit card debt as the largest ...

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  • Premature Debits by Debt Collector
    Premature Debits by Debt Collector

    Question: Is it legal for a debt collector to take money out of your account before the payment dates that were set up to pay them back? Answer: No. What you describe may be illegal under federal and ...

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  • Auto Dealer Asks Consumer to Submit False Information to Bank
    Auto Dealer Asks Consumer to Submit False Information to Bank

    Question: I bought a car from a dealer and signed a retail installment contract. The car dealer said he would sell the contract to a bank. The car dealer called me giving me a list of lies they want ...

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  • Arrest for Nonpayment of Debt
    Arrest for Nonpayment of Debt

    Question: If I owe a loan, and have not paid it, can a warrant be issued for my arrest? Answer: No. The only time a warrant can be issued in connection with a civil case is if a court orders you to ...

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