If you’ve received letters, phone calls, or a lawsuit from Portfolio Recovery Associates (PRA), you’re dealing with one of the largest debt buyers in the United States. PRA, a subsidiary of PRA Group Inc., purchases millions of dollars in defaulted consumer debt from original creditors like banks and credit card companies, then attempts to collect…
Continue reading…Author: Carlos Alvarado
¿Cuánto de Mi Cheque Pueden Embargar en California?
Cuando se entera de que un acreedor viene por su cheque, la primera pregunta que le cruza la mente es: ¿cuánto pueden tomar? La respuesta depende de los límites de embargo de California, su nivel de ingresos, y el tipo de deuda involucrada. La buena noticia es que California tiene algunas de las leyes de…
Continue reading…How Much of My Paycheck Can Be Garnished in California?
When you learn that a creditor is coming after your paycheck, the first question that races through your mind is: how much can they take? The answer depends on California’s garnishment limits, your income level, and the type of debt involved. The good news is that California has some of the most protective wage garnishment…
Continue reading…Cómo Responder a una Demanda de Cobranza de Deuda en California (Paso a Paso)
Le han notificado una demanda de cobranza de deuda. El reloj está corriendo. En California, generalmente tiene 30 días para presentar una respuesta escrita, llamada “Contestación a la Demanda” (Answer), ante la corte. Si no cumple con ese plazo, el acreedor gana automáticamente a través de un fallo por incomparecencia, dándole el poder de embargar…
Continue reading…How to Respond to a Debt Collection Lawsuit in California (Step-by-Step)
You’ve been served with a debt collection lawsuit. The clock is ticking. In California, you generally have 30 days to file a written response , called an Answer , with the court. If you miss that deadline, the creditor wins automatically through a default judgment, giving them the power to garnish your wages, levy your…
Continue reading…¿Lo Demandó un Cobrador de Deudas en Los Ángeles? Esto Es Lo Que Debe Hacer
Si usted es residente de Los Ángeles y acaba de recibir una demanda de cobranza de deuda, se une a miles de otros angelinos que enfrentan la misma situación estresante cada año. El Condado de Los Ángeles es una de las jurisdicciones más activas de California para casos de cobranza de deuda, con compradores de…
Continue reading…Sued by a Debt Collector in Los Angeles? Here’s What to Do
If you’re a Los Angeles resident who’s just been served with a debt collection lawsuit, you’re joining thousands of other Angelenos facing the same stressful situation every year. Los Angeles County is one of the busiest jurisdictions in California for debt collection cases, with debt buyers and collection law firms filing enormous volumes of lawsuits…
Continue reading…Mi Cuenta Bancaria Fue Congelada: ¿Qué Es un Gravamen Bancario y Cómo lo Combato?
Revisa el saldo de su cuenta bancaria y se le cae el alma. Su cuenta está congelada. No puede retirar efectivo, su tarjeta de débito es rechazada, su cheque de renta rebota, y los pagos automáticos empiezan a fallar. Esto es un gravamen bancario (bank levy), y es una de las herramientas de cobro más…
Continue reading…Sued Over a Business Debt? Why Your Personal Assets Might Be at Risk
You started your business to build something , a livelihood, a legacy, financial freedom. The last thing you expected was a lawsuit threatening not just your business, but your personal bank accounts, your car, and possibly even your home. Unfortunately, this is the reality facing thousands of California small business owners every year. When a…
Continue reading…My Bank Account Was Frozen: What Is a Bank Levy and How Do I Fight It?
You check your bank balance and your stomach drops. Your account is frozen. You can’t withdraw cash, your debit card is declined, your rent check bounces, and automatic payments start failing. This is a bank levy , and it’s one of the most devastating collection tools a creditor can use against you in California. A…
Continue reading…