New Mexico 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

• 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 … more
• What You Need to Know About Predatory Lending
  In difficult economic times, many people will pursue whatever legal means are necessary in order to meet their families’ financial obligations. Sometimes, that means taking out additional loans to pay off existing debts or taking out loans with unfavorable terms. However, while some of those loans promise short term solutions they often pose long term problems and borrowers … 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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