Maryland Debt Relief Lawyers

Frequently Asked Questions

• Which debts are most likely to be settled for less than payment-in-full?
  Most unsecured debts can be settled. An unsecured debt is a debt where there is no collateral. Unsecured debts include medical bills, credit cards, department store cards, personal loans, … more
• What’s the difference between loan modification and debt settlement?
  Debt settlement typically involves working with a professional debt settlement company to negotiate with the creditors to whom you owe debts. Your creditor may, for example, accept a one-time … more

Legal Articles

• Dealing with Debt
  Dealing with finances is never easy, and for all too many Americans, debt problems have become a major issue in their lives. With the current economic crisis, rising unemployment rates, and steadily increasing costs of living, many people are experiencing the positive and negative effects of credit, debt, and the contracts that are created as a result of financial … more
• The Fair Debt Collection Practices Act
  From time to time, many well meaning borrowers fall behind on their bill payments. It may be that the borrower has lost his or her job, has run into unexpected expenses or has simply borrowed more money than he or she can afford to repay. Whatever the reason, many borrowers who fall behind in their payments begin to receive phone calls from persistent debt collectors. Often, … more

Legal Guides

• How To Avoid Foreclosure
  This guide, by the U.S. Department of Housing and Urban Development, provides valuable … more
• Debt Collection FAQs: A Guide for Consumers (FTC Facts for Consumers)
  The Federal Trade Commission (FTC), enforces the Fair Debt Collection Practices Act (FDCPA), … more
• Canceled Debts, Foreclosures, Repossessions, and Abandonments (IRS Publication 4681)
  This publication explains the federal tax treatment of canceled debts, foreclosures, … more

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