Not making payments on time and failing to pay debts off can mean more headaches for American debtors. Millions of American debtors get their pay garnished, due to lack of payments on debts. However, garnishment can be avoided by taking action before it is too late.
Many people who are in debt or once were are well familiar with the constant attention from debt collectors. Debt collectors can be persistent and cause a lot of stress for those who are in debt, by hassling them at inappropriate times or trying to contact others personally to get more information about the debtor in question. Luckily, the federal Fair Debt Collections Practices Act (FDCPA) makes certain collection procedures illegal for debt collectors to implement. Knowing what debt collectors can and cannot do is important as an individual to understand that you have rights that protect you from collection harassment.
Are you in debt? Do you feel like no matter what you do, you can’t get out of debt? Are your creditors constantly bothering you to pay up, but you just don’t have the money to stay current on your bills? If this sounds like you, then now might be the time to start considering bankruptcy. However, no one in the Tampa area should make the choice to file for bankruptcy without first giving it a lot of thought.
Updating credit reports is an important step to start rebuilding your credit after bankruptcy. Spotting errors and writing a personal statement to be included in your reports are two great ways to help your reports look their best to potential future creditors.
The New Year is here, which means a lot of people are hoping to get a fresh start on many different aspects of their lives. Whether it’s a new exercise program in hopes of getting physically fit or a new economic path in hopes of being financially fit, a lot of people in the Tampa area, and elsewhere, are making New Year’s resolutions.