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What Is Debt Negotiation?

Debt negotiation is between two parties, the creditor or collection agency and the person who owes the debt. A negotiation takes place between these parties to determine a settlement amount that would consider the debt settled or paid in full.

For example, if you owe $10,000 on a credit card debt, then you or your debt negotiation attorney can offer to pay a lower amount, say $5,000 to consider the debt settled or paid in full.

Before entering into negotiation, make sure...

How To Deal With Debt Collector Harassment

Debt collectors routinely violate the consumer protection laws that are in place that prohibit debt collection harassment and abuse. They routinely violate the laws because they know they will collect more money from consumers by doing so. Debt collectors also know that most consumers do not know or understand the laws that are in place to protect them, or believe if the consumer did know about these laws, that they lack the resources to fight back.

The Fair Debt...

Can Wages Be Garnished For Credit Card Debt?

Many debt collectors will threaten a debtor with a wage garnishment action for non payment of a debt. In other words, they are telling you that they will garnish your wages from your pay check. Can they actually follow through on that threat? Yes they can, but not until they first summons you to court, sue you, win, and have a judge decide to garnish your wages as the method of repayment.

Keep in mind, most threats from debt collectors to garnish your wages from your pay check are

What To Do When A Collector Calls

When a debt collector contacts you, at some point in the conversation they must advise you that the call is from a debt collector in an attempt to collect a debt. At this point, you should not engage in open conversation. Especially DO NOT admit the debt is yours, regardless if you believe it is or not. Here's why...

Many debt collectors trick consumers into verbal contracts in order for them to pay on debts that they may not be legally obligated to pay. You should always request...

Can A Debt Collector Call You At Work?

If you’ve fallen behind on credit card or medical bill payments, you’re likely dealing with calls from debt collectors. Some of these collectors can be annoying and downright ruthless. They will call your home, call your cell phone, call neighbors and family members, and even call you at work. However, there are state and federal laws in place that protect you from debt collector abuse and carry consequences should the collector break these laws.

Debt collectors...

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