Dealing With Debts

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Bankruptcy isn’t the only way you can dig yourself out of debt. Make sure you understand all the options for dealing with outstanding debts, overdue bills, pending foreclosures, car repossessions, and the like. By reviewing all of your options you may find a solution to your debt troubles without filing for bankruptcy. Or you may decide that bankruptcy is indeed the best way to go.

Learn About Your Options

Bankruptcy Alternatives
If you are in debt, here are some possible alternatives to declaring bankruptcy.
Foreclosure Defenses
Learn about possible defenses to the foreclosure of your home.
Tips for Managing and Avoiding Medical Debt
Here are some useful ideas for managing medical bills and avoiding excessive medical debt.
Car Repossessions and Auto Loan Charge Offs
Learn about auto repossessions, your rights and remedies, deficiencies, and charge offs.
Being Proactive: Stopping The Student Loan Garnishment Process
There are steps you can take to avoid garnishment of your wages to cover outstanding student loan debt.
The Statute of Limitations and Your Debt
If you have an old debt, your creditor cannot try to collect it forever. State laws limit the period of time it has to sue you to recover amount owed -- this is called the statute of limitations.
1099C: Tax Consequences of Forgiven Debt
If a creditor writes off a debt you owed, or if you settle a debt for less than the full amount owed, you may owe taxes on the "income" (that is, the amount written off).
Federal Student Loan Repayment Plans
Learn about the standard and income-based repayment plans available for repaying your federal student loans.
Deficiency After Car Repossession: Will I Still Owe Money?
If your car, van, truck, motorcycle, or other vehicle is repossessed, the lender might be able to go after you for a deficiency.

Wage Garnishment MORE ARTICLES

Wage Garnishment
Articles on wage garnishment, federal and state limits, and how to object.

Negotiating With Creditors

Setting Goals When Negotiating With Creditors
One good way to deal with overdue or outstanding debts is to negotiate a deal with the creditor or debt collector. Before you start negotiating, figure out exactly what you want – these are your negotiation goals.
Tips for Negotiating With Creditors
Here are some tips that will help you negotiate with your creditors.

Debt Collectors

Debt Validation in Collection Cases
Debt verification (sometimes referred to as debt validation) is a powerful tool available to debtors whose debts are sent to collection agencies.
Common Illegal Practices Used in Credit Cards Collections
The federal Fair Debt Collections Act (FDCPA) prohibits debt collectors from engaging in many kinds of abusive or deceptive activities. It pays to learn what collectors cannot do, so that you can protect yourself.