Attorneys

New Jersey Collections-Creditors Rights FAQs

• What Is Secured Debt?
  A Secured Debt is a loan where the creditor retains a security interest in an item of real or personal property such as a house or an automobile. If you fall behind on … more
• What Is An Unsecured Debt?
  An Unsecured Debt generally arises out of a contract you enter into with a creditor that enables you to obtain goods or services on credit in exchange for your promise … more
• When Does A Secured Debt Become An Unsecured Debt?
  A secured debt may become an unsecured debt in situations where the property securing the loan has already been repossessed and sold by the creditor. If the sale of … more
• Do The Debt Consolidation Procedures Work With Every Creditor?
  No program works 100% for everyone, and of course no firm can guarantee results in advance.
• Can A Creditor Add Interest To A Debt?
  Yes. The FDCPA allows a creditor to add interest if the original agreement calls for the addition of interest during collection proceedings or the addition of such … more