If a debt collector contacts you, use the opportunity to find out about the debt, which will help determine if they’re legitimate and if you really owe it. When a debt collector first contacts you about a debt, they are, in general, legally required to provide you with certain information about the debt during that … Read more
A debt doesn’t generally expire or disappear until its paid, but in many states, there may be a time limit on how long creditors or debt collectors can use legal action to collect a debt. In many states, statues of limitations are in place to prevent creditors and debt collectors from using legal action to … Read more
This fact sheet provides general information concerning the CCPA’s limits on the amount that employers may withhold from a person’s earnings in response to a garnishment order, and the CCPA’s protection from termination because of garnishment for any single debt. A wage garnishment is any legal or equitable procedure through which some portion of a … Read more
If you’ve ever been uninsured, under-insured, or had a high co-pay that you couldn’t afford, you may be faced with some medical debt. But what happens if you just don’t pay it? Does it ever go away? These are all good questions. The short answer is that medical debt may disappear from your credit report … Read more
A collection on your credit report refers to an unpaid debt your creditor passed along to a third-party collections agency to chase the owed money on behalf of the creditor. The collections existence on your credit report can severely lower your credit score and impact future loans. However, there are entirely aboveboard ways to get … Read more
Payday loans are often marketed as quick financial solutions for emergencies, but some providers take advantage of vulnerable borrowers. Eloanwarehouse is one such company that, while not technically a scam, operates in ways that can leave you financially crippled. In this guide, we’ll explore why you should stay away from Eloanwarehouse payday loans, how they … Read more
Paying off student loans has become an increasingly difficult challenge for many Americans. With rising tuition costs and stagnant wages the student debt crisis only seems to grow over time. You may feel pressure to aggressively pay down your loans as fast as possible. However this is not always the best financial decision. Here are … Read more
Hey there! So, you’ve got a 777 credit score, or maybe you’re just curious if that number is any good. Well, lemme tell ya straight up—yes, 777 is a damn good credit score! It’s considered “Very Good” and sometimes even “Excellent,” sitting way above the average. With a score like that, you’re in a sweet … Read more
Nearly a quarter (22%) of Americans have a FICO Score of 800 or higher, which the credit scoring company describes as exceptional. “Exceptional.” Depending on ones frame of mind, the word may conjure up anything from a mint condition rookie card to possibly being asked, again, to stay after class. But in the world of … Read more
To claim the Earned Income Tax Credit (EITC), you must have what qualifies as earned income and meet certain adjusted gross income (AGI) and credit limits for the current, previous and upcoming tax years. Earned income includes all the taxable income and wages you get from working for someone else, yourself or from a business … Read more