Recently on our legal forum a user asked, “I have lost my job and I have not made car payments in a few months. I know they are looking for my car. I am about to get a personal injury settlement payment which should be more than enough to pay off my car loan. Can I hide my car from the repo man until I get my personal injury payment?”
Category Archives: Debt Collection
Financial Delinquency what are my options?
Individuals who are financially delinquent may have difficulty paying their taxes, mortgage payments or credit card and medical bills. Although the economy and job market has improved for some Americans, unemployment and the cost of living remain high.
Deceased husband do I have to pay their credit card debt?
Recently on our Texas bankruptcy forum a user asked, “If my husband recently died and left $20,000 of credit card debt am I legally responsible for paying the debt or does it get discharged at the time of his death?”
Small claims court can I sue my friend?
Recently on our bankruptcy forum a user asked, “I am in dire financial straits. In fact, I am considering filing bankruptcy. I have a friend who owes me $6,000. What can I do to get my money back? I have already discussed payments with them but they refuse to pay me.”
Debt collection statute of limitations in Texas?
The statute of limitations on debt collection is the amount of time a creditor has to take legal action against a debtor to sue them to collect for debts owed. Recently on our bankruptcy forum a debtor asked, “If I owe $10,000 to a credit card company in Texas how long does the lender have to sue me to collect the debt?”
Capital One personal visit potential credit collection tactic
Worried about your credit card debt? Read the fine print of your Capital One credit card rules and you might be. For instance, according to their rules, they are allowed to contact you by mail, phone, email or by personal visit. That’s right, if you are delinquent on your credit card bill Capital One has stated they can visit you. But according to a new report by The Los Angeles Times, Capital one has told their customers a personal visit is very rare.