All consumers should be aware of debt collection lawsuit scams. As of late, these types of scams have been rampant. In this article, we discuss how you can avoid becoming a victim of a debt collection lawsuit scam. What is a debt buyer? A debt buyer is a business that purchases large numbers of delinquent…
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COVID-19 Continues to Affect Borrowers
It’s no secret that COVID-19 is a huge problem in the United States. In fact, experts have predicted that the repercussions of the pandemic will continue to affect our economy for years to come. For borrowers, this is bad news. Unfortunately, pandemic-related foreclosures, collection lawsuits, and judgments appear to be here to stay. Even if…
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Answering a California Debt Collection Lawsuit Summons
Receiving a debt collection lawsuit summons is not the most pleasant experience in the world. However, when you’re sued by a debt collector, you must respond to the lawsuit. Otherwise, the court will enter a default judgment in favor of the debt collector. In other words, if you don’t respond, you’ll automatically lose your case….
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How Come Some Debts Don’t Appear on My Credit Report?
Although most debts that you fail to pay will eventually end up on your credit report, there are a variety of reasons that some unpaid debts don’t appear on your credit report. However, just because a debt isn’t listed on your credit report doesn’t mean it isn’t legitimate. Debts that May Not Appear on Your…
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Tips for Avoiding Holiday Debt
If there’s ever a time that puts you at risk for going into debt, it’s the holidays. During the holidays, our spending can get out of control, and many people rely on their credit cards to get them through this busy and expensive time of the year. Unfortunately, many people find it difficult to pay…
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Understanding California’s New Homestead Exemption Law
California recently amended its homestead exemption law. A homestead exemption is a legal provision that is designed to protect the value of a resident’s home from creditors, property taxes, and circumstances that arise from the death of a spouse. California’s updated homestead exemption law sets the exemption amount at $300,000. However, this amount can be…
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Ways to Fight Wage Garnishment in California
If you’ve been sued by a debt collector in California, you are at risk of having your wages garnished. Wage garnishment occurs when a court issues an order that requires your employer to withhold a specific amount of your paycheck and send it directly to a debt collector until your debt is paid off. Luckily,…
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California Wage Garnishment Basics
A debt collector who alleges that a debtor has failed to repay his or her debt is entitled to file a lawsuit in court to collect the disputed funds. If the debt collector’s lawsuit is successful, the court may order the garnishment of the debtor’s wages until the debt is repaid. As we discuss below,…
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Sued by a Debt Collector: What Are My Options?
No one wants to be sued by a debt collector. However, if you’ve recently been served with a debt collection lawsuit, you can’t just put your head in the sand and hope it goes away. Rather, you must assess your options and take immediate action. Therefore, after reviewing the following debt collection lawsuit options, it…
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Tips for Dealing with Debt Collectors During COVID-19
The COVID-19 pandemic has wreaked havoc on the U.S. economy. Business closures and widespread unemployment have left hundreds of thousands of people unable to pay their debts. As a result, more people than ever are facing debt collection notices and lawsuits from debt collection agencies. Below are some tips for dealing with debt collectors if…
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