Debt Relief FAQs

• Q: What Control Do You Have Over Payment Of Debts?
  A: If you owe more than one debt, any payment you make must be applied to the debt you indicate. A debt collector may not apply a payment to any debt you believe you do … More
• Q: Which Debts are Most Likely to be Settled for Less Than Payment-In-Full?
  A: Most unsecured debts can be settled. An unsecured debt is a debt where there is no collateral. Unsecured debts include medical bills, credit cards, department store … More
• Q: What Is The Fair Debt Collection Practices Act?
  A: The Fair Debt Collection Practices Act requires that debt collectors treat you fairly by prohibiting certain methods of debt collection.
• Q: What Debts Are Covered under the Fair Debt Collection Practices Act?
  A: Personal, family, and household debts are covered under the Act. This includes money owed for the purchase of an automobile, for medical care, or for charge accounts.
• Q: What Types Of Debt Collection Practices Are Prohibited?
  A: Debt collectors may not harass, oppress, or abuse any person. For example, debt collectors may not: falsely imply that they are attorneys or government … More
• Q: Can You Stop A Debt Collector From Contacting You?
  A: You may stop a collector from contacting you by writing a letter to the collection agency telling them to stop. Once the agency receives your letter, they may not … More
• Q: Can a Creditor Add Interest to a Debt?
  A: Yes. The FDCPA allows a collector to add interest to a debt if the original agreement calls for the addition of interest during collection proceedings or the addition … More
• Q: Can a Debtor's Wages be Garnished to Satisfy What He/She Owes?
  A: Many states allow a creditor to garnish the wages of a debtor who has defaulted on his or her loan payments if certain conditions are met. For example, most … More
• Q: Do Creditors Have a Certain Amount of Time to Sue for Payments?
  A: Yes. The first thing you should do is determine if the statute of limitations for collecting a debt in your state has expired. If the number of years has passed, the … More
• Q: What's the difference between loan modification and debt settlement?
  A: Debt settlement typically involves working with a professional debt settlement company to negotiate with the creditors to whom you owe debts. Your creditor may, … More