Co-Signers Lack of Notice Upon Default

Posted by on Mar 23, 2011 in Bankruptcy, Consumer Debt, Debt Collections Defense, News | 4 comments If you are a co-signer on a loan, there are a few things you should know. The only reason why you were asked to be a co-signer in the first place is the fact that your loved one, whether daughter, son, niece, nephew, or friend, quite simply could not afford the payments on what they wanted to buy. Your loved one was over-extending himself or herself. Most lenders are clever and are very good at...
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Personal Bankruptcy Filings Trend Towards Chapter 7 Bankruptcy

Posted by on Mar 19, 2011 in Bankruptcy, Consumer Debt, Debt Collections Defense, News | 0 comments Bankruptcy filings have risen steadily in recent years, and more and more households are finding that bankruptcy may be their best or only option in our current declining economy. With the new decline in the economic climate and soaring unemployment rates, the stigma of filing for bankruptcy is quickly fading. More American consumers today, than ever before, are filing for bankruptcy. With...
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Requests to the Debt Collector to Stop Communicating with You

Posted by on Mar 14, 2011 in Bankruptcy, Consumer Debt, Debt Collections Defense, News | 0 comments Just because you owe a debt does not mean that you should be forced to endure harassing calls, letters, or even personal visits from the debt collectors. Most individuals have no idea that something as simple as a written letter to the debt collector can make the harassment stop. Believe it or not, you have the power to unilaterally cause the debt collectors to cease from harassing you and your...
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