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As a result of the staggering economy, more and more people are finding it difficult to pay their bills. As a result, the payday loan industry has popped up to lend a hand to cash-strapped consumers. These entities have been lifesavers for many people in desperate need of financial assistance. However, doing business with these so-called loan sharks, or quickie loan companies,…
When a local woman was facing an unexpected wage garnishment that was draining up to 25% of her wages, she approached the experienced bankruptcy lawyers of Minnillo Law Group for help. To stop the garnishment, she filed a Chapter 13 bankruptcy in Cincinnati to invoke the “automatic stay” to stop the wage garnishment. The automatic stay is at the core…
Are you dealing with creditor harassment even after bankruptcy? Some bill collectors just don’t quit, do they? Even after you have taken the difficult step of declaring bankruptcy to get a fresh start, some creditors and debt collectors keep calling you, writing you, and even continuing to sue you for debts that were included in your bankruptcy. Our creditor harassment…
If you fall behind on your bills, one of the tools that your creditors have to compel you to pay is wage garnishment. Wage garnishment is an order from the court directing your employer to set aside a percentage of your wages for the benefit of the creditors you owe. What are your wage garnishment rights and options? Here is…
Individuals who face financial peril are no strangers to the collection efforts employed by various agencies. Creditors take significant steps to ensure repayment and often blur the lines between harassment and the regulations they must follow. A new tactic, however, is to rely on a debtor’s daily use of social media sites to bolster communications. For years, debt collectors have…
If you have mounting debts, you’ve probably become all to familiar with receiving calls from debt collectors. You may feel like your phone rings at all hours of the day. You’re tired of it. You wonder if debt collectors can just call you whenever they want to. Aren’t there some rules about this? Understanding the Fair Debt Collection Practices Act…
Most people dread paying their bills, but it’s a part of life. We all try our best to pay our bills on time and to pay them to the fullest extent. However, it’s not always feasible to pay those bills when the company asks for it. There may be times when bills go unpaid and under the radar. In those…
Debt collectors are intimidating to most people because they rely on invasive techniques to receive payments or funds from certain customers. For extreme collectors, they may even resort to improper fear tactics to receive the payment they want. And now, the Consumer Financial Protection Bureau (CFPB) allows debt collectors to work through a new avenue to contact consumers, the internet.…
Americans may be struggling more than usual this summer because of the recent unprecedented events and business closures. Many are using their credit cards for basic needs and finding it more difficult to meet their financial obligations. Creditors want their money, so they may enlist the services of a debt collector, which may be intimidating for a consumer who is…
Due to the recent economy and unemployment rate, any adults are relying more on credit cards and loans to make ends meet. They may be putting more money into the credit card bills than they can pay by the end of the month. It might lead to an intimidating conversation with your creditors if you stop paying bills or can’t…