People in Treasure Coast who are struggling to pay their bills on time are already stressed out about their financial situations. But when creditors resort to using deceptive tactics to collect delinquent payments, they are breaking the law. These tactics are done to intimidate and coerce people into paying their debts even when they do not have the means to do so. The Fair Debt Collection Practices Act (FDCPA) offers debtors protection from creditor harassment. People who want to put an end to creditor harassment should make themselves aware of the harassing ways used to collect payment.
Many people in Treasure Coast struggle with debt. With the car note and mortgage due every month and credit card and medical debts coming back to haunt them, it is no surprise that many people feel that they are in way over their heads financially. Bankruptcy and debt consolidation are potential opportunities that may help you to get control over your finances. However, you should take some time to understand them so you can determine if they really are appropriate for your circumstances.
Anyone who has suffered from overwhelming debt knows the stress of the collection calls that never stop coming. It is important to understand that both federal and Florida state law place limitations on acceptable behavior for creditors trying to collect a debt.
Many people in West Palm Beach are under the impression that bankruptcy is a cure-all for their financial woes. Although many people use it to overcome their debt so they can start over financially, it is not always the ideal solution or quick fix that many perceive it to be. Anyone who is considering bankruptcy should make themselves aware of some common misconceptions so they can avoid complications.
Have you ever been forced to pay a late fee on a credit card not because you were unable to make the minimum payment, but because you simply forgot to pay it by the due date? If so, you are not alone. Many people struggle with paying their bills on time, and while this may happen because of a lack of funds, it, too, may result simply from having too many things going on in your head at a given time.
Many people in Florida are struggling to pay their medical bills. Health care costs are increasing faster than wages, and the unemployed have little to no income to spare. Millions of people resort to filing for bankruptcy just to get the collection calls and bills to stop. In an effort to save money, many people are putting themselves at risk of more health problems by forgoing their medical treatments and medications. If you find yourself losing sleep at night because of your financial situation, there are some steps you can take to lower your medical debt or eliminate it completely.
Many people find themselves forced to seek the protection of bankruptcy because of medical debt. Skyrocketing medical costs, slow-to-rise wages and an influx of other bills can make it challenging for some people to keep up with such expenses. Medical bills are not like other types of debt, such as credit cards, mortgages and student loans, which are predictable and planned-for expenses. Medical issues often occurs when least expected. In some cases, they are unavoidable. Illnesses and health emergencies often leave many people financially crippled.
As a responsible person, you always make an effort to pay your bills on time. However, if you have had an unexpected event in your life, you may have to pick and choose between bills you can pay right away and debts that have to be put off until later. If your debt has reached the past-due stage, then you are probably being contacted by debt collection agencies.
Many people in Florida find themselves so overburdened by debt that they file for bankruptcy to get things in order. This makes them better equipped to manage their debts. Among those may be a car loan that they are struggling to afford. Instead of giving up what may be their only form of transportation, they may be able to keep their vehicle by reducing their car loan through a cramdown. You should take some time to learn how this option can make your car payments more affordable in bankruptcy.
By now, you may have heard of John Oliver's grand gesture. Via HBO and his television show Last Week Tonight, Oliver formed a debt-buying company naming it Central Asset Recovery Professionals (CARP), and purchasing $15 million in medical debt through the business.