So, you are wondering “whether you are affected if your partner has filled bankruptcy and you own a joint credit card”? Well, you’ve come to the right place. In this article I will explain how this will affect you and whether it will hurt your credit. The question above has become a common one as …
My Ex Wife Filed Bankruptcy and We Have a Joint Credit Card Read More »
Consumers have various reasons for disputing a charge on their credit cards. For some, the charge is one they don’t recognize or a charge they did not authorize. You may receive a defective item or be upset with the quality of a purchase. The law provides consumers with credit remedies but there are responsibilities for …
New laws went into effect in 2010 that are meant to protect consumers rights from the worst predatory lending practices. Some provisions in the new regulations will protect you from lenders who arbitrarily raise interest rates or change due dates on your account. However, to have the protection of the new laws, you must also …
If you have not been paying monthly on your credit card debt, the lenders may be filing a lawsuit against you as a last attempt to collect the amount owed. Most large lenders have their own collection departments while others send accounts that are overdue to companies who focus on collecting debt. What Happens if …
Fees on a deceased account may be a concern when a relative has passed away. We might assume any business transactions disappear when someone dies but our estate exists even after we are gone. A credit card is an individual and unsecured debt. When the account holder is living, the lender cannot hold anyone else …
Credit Card Fees on a Deceased Account Discussed Read More »
Obtaining a cash advance is as simple as using your bank account debit card. Credit lenders participate in the major ATM networks which allow consumers to get cash from their credit card any time they want as long as they have the spending limit available on the account. The Advantages The ability to obtain cash …
The new credit card laws had unintended consequences as the banks moved to cancel your cards without notice. This practice was part of the positioning of big credit issuers that was common in the year before the new consumer protection law went into effect. The new laws state the lender must notify you 45 days …
If you fall behind on paying credit card debt, can companies actually take your car for debt? Can they take your furniture or your home or the clothes you bought with that credit card? Surprisingly, many people think that the answer is yes. This leads to even more stress for a naive consumer who doesn’t …
Can Credit Card Companies Take Someone’s Car for Debt? Read More »
The answer is simply YES, but if the payment problem is a result of a financial emergency, loss of income or medical problem it is very likely a credit lender will work with you to help you through the crisis. Some companies, however, are interested only in collecting the payments due. Calling You Repeatedly The …
Can I Be Sued For Not Paying My Credit Card Bills? Read More »
We are accustomed to thinking of our financial records as private but there are many instances where our credit statements can become part of public court records under the law. There are several reasons for an attorney to subpoena your card statements. The most common scenarios are listed below. Divorce actions are emotionally charged and …
Can an Attorney Subpoena My Credit Card Statements? Read More »
