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We recently discussed the importance of seeking legal advice from a Hamilton County bankruptcy law attorney when creditors resort to wage garnishment to collect a consumer debt. Another form of debt collection procedure authorized by Ohio law that can be equally harmful to a debtor is the garnishment of property other than earnings or wages. Consumers who fall upon hard…
Aggressive Debt Collection Practices Target Ohio Accident Victims Seeking Hospital Treatment People injured in motor vehicle accidents who seek medical treatment from an Ohio hospital are becoming victims of aggressive debt collection practices. It appears from recent incidents that the hospital has chosen to bypass seeking payment from an injured patient’s insurance company. Instead, it has been billing the patient…
Living from paycheck to paycheck can leave you confronting an unexpected expense with no way of paying it until your next payday. Payday loans help people to bridge the gap between paychecks with short-term but high-interest loans. Interest rates are usually in the double-digit range, but they can skyrocket when the fees charged by lenders are factored into them. The…
The abuses associated with debt collection agencies and creditor harassment are topics that have been well-documented in earlier blogs posted on this website. The Fair Debt Collection Practices Act places restrictions on allowable conduct by those companies and individuals in the business of collecting delinquent consumer debt. But the statute also gives consumers rights of their own that they can exercise…
Debt collectors have one job and one job only, to secure as much as money from you as possible. Many collectors go to great lengths, such as making harassing phone calls and using threatening language. Others are simply persistent while adhering to the laws. Dealing with a debt collector, even in the early stages, can be intimidating. There are three…
When a person sinks into debt, the stress of maintaining the lifestyle they have become accustomed to while simultaneously meeting their financial obligations can be overwhelming. Debt collectors can be relentless in making a difficult situation worse and it is easy to feel like you are in a hopeless situation. The knowledge of an experienced bankruptcy attorney can be very helpful in…
It is often said that a modern economy is based on credit. One reason for this belief is the need for individuals and businesses to secure credit to raise enough capital to grow. This growth is done at a much faster pace through borrowing and investment than if the consumer or entrepreneur was required to save up the necessary funds…
We have posted on our blog about some of the ways that creditors, and even individuals seeking to pose as creditors, have attempted to intimidate or otherwise unfairly communicate with individuals in connection with debt collections. However, there are strict laws in place that dictate what practices are allowed and prohibited in the practice of seeking to collect debt. Ohio…
In recent years some Ohio residents have relied on credit cards and other forms of borrowing to get them through some decidedly tough times. While those debts may have been a source of stress and anxiety for many people, they have also become a means for swindlers to try to take advantage. In a recent development, for example, several people…
As the economy continues to pull itself from the depths of the recession many Ohio residents are experiencing that same slow rise; some of them are impeded by their outstanding debts to a number of creditors. To make matters worse, it turns out that for debt collectors and creditors there are new methods available to force those who owe into…