Prioritizing your finances during an economic crisis is a crucial skill to master. Deciding what bills to pay, and what bills to set aside now becomes increasingly more important. This is something you will want to do as soon as possible, because the longer you wait, the more difficult it will be to get a …
Continue reading Prioritizing Your Finances in an Economic Crisis →
It’s not enough stress to have your car repossessed, but the consequences — collection contact and negative credit reporting — can be too much to bear. Car repossessions carry negative weight to a credit report for 7 ½ years from the date it was first reported as late by the lender. Credit scores may drop …
Continue reading How Long Does it take for a Repossession to come off your Credit Report? →
It’s a frightening thought: Money has gotten so tight that you weren’t able to make this month’s payment on your car loan. Now, you’re worried about car repossession, and imagining the day when a tow truck comes to your house and hauls away your only source of transportation. But can the lender repossess your car …
Continue reading Will My Car Be Repossessed If I Miss One Payment? →
Perhaps the worst thing about having your car repossessed is that even after your vehicle is gone, the lender may not be done with you. In some cases, lenders hire collectors or file lawsuits against borrowers to recoup what they’re owed. In this blog post, we’ll look at steps lenders may take after repossessing a …
Continue reading The Lender Sold My Repossessed Car. Why am I being sued? →
Perhaps the worst thing about having your car repossessed is that even after your vehicle is gone, your lender may not be done with you. In some cases, lenders may file lawsuits against borrowers to recoup what they’re owed. In this blog post, we’ll look at what’s involved with being sued after a car repossession.
When banks record an increase in credit losses and delinquencies, often there is an uptick in repossessions. These indicators not only reflect repossessions of cars and trucks, but also pleasure vehicles, such as RVs, boats and motorcycles. Fortunately for consumers, the laws that protect victims of car and truck repossessions, also apply to motorcycles, RVs …
Continue reading What Are the Laws Governing Motorcycle Repossession? →
When payments on your account go unpaid, the creditor may stop you from making additional charges and list your account as a charge-off. But even if the creditor stops trying to collect on your account, you still could be responsible for the debt.
September 24, 2018/Philadelphia, PA U.S. Court of Appeals precedential ruling impacts consumers nationwide In an important ruling this week, the United States Court of Appeals for the Third Circuit in Philadelphia, PA agreed with Flitter Milz that a collection dun sent to a consumer was deceptive and in violation of the federal law regulating debt collectors. Midland …
Continue reading Midland Credit Management KO’d in Flitter Milz Lawsuit →
Your credit report plays a critical role in your overall financial health. The information that it contains will affect your ability to get new lines of credit for auto or personal loans, rent an apartment, and sometimes even get a job or promotion. It’s important to understand all of the information on your report and …
Continue reading Credit Report Listings with Negative Impact →
If you’re going through financial hardship or a difficult life event, it can be challenging to keep up with your car loan payments. Your vehicle is collateral, or your pledge to a lender that you’ll repay the loan. If you default on the terms of your loan agreement, the lender may choose to repossess your vehicle. They’re not required to contact …
Continue reading Do I Still Owe Money After My Car was Repossessed? →
Advocate of
Excellence
Pro Bono
President's
