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.
How Can a Creditor Repossess Property?
Many Americans experience a time when their financial obligations become overwhelming and they are unable to pay all of their outstanding obligations on time. A debtor who defaults on a secured loan may face the threat of property repossession. A creditor can repossess property only if the creditor has a valid security interest in that property and if the creditor follows the proper …
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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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