What Control Do You Have Over Payment Of Debts?
If you owe more than one debt, any payment you make must be applied to the debt you indicate. A debt collector may not apply a payment to any debt you believe you do not owe.
When Can Property be Repossessed?
Most Americans have debt of some kind such as a home mortgage, car loan, credit card debt or other type of debt. All of our creditors have the legal right to be repaid for loaning us money. However, the way in which they can enforce their right to collect money from us differs according to the type of debt that needs to be repaid. Some creditors may be able to repossess certain …
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Understanding Debt
Life is often stressful and overwhelming for a debt holder. Worry, anxiety, and fear often color every part of a debt holder’s life and the debtor has trouble thinking about anything other than the money that he or she owes to creditors. For these reasons, it is important to confront the debt and create a legal plan to deal with the financial future. Potential debtors …
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