Creditors Rights Articles
The Fair Debt Collection Practices Act
From time to time, many well meaning borrowers fall behind on their bill payments. It may be that the borrower has lost his or her job, has run into unexpected … More
What are my obligations if I co-sign a loan for another person?
What should you do if your twenty-something son asks you to co-sign his car loan? While you love your son, you’re not sure if he will be able to make the … More
Loan Default Litigation: How to Collect on a Defaulted Loan
It can be both frustrating and bad for business when you lend money to an individual or another business and they default on their loan payments. Many lenders … More
Lien Priorities: Who Gets Paid First?
For many Americans, the purchase of property is among the most important and most expensive purchases that they make. Most property owners borrow money in order … More
Repossession and Foreclosure of Personal Property
In today’s age of high prices for everything from cars to furniture, from flat screen TVs to washing machines, many businesses find it necessary to allow their … More
Charging Off a Bad Debt: How, When and Why to Do It
For many creditors, the frustrating reality is that it costs money and it takes time to recover the money that is legally owed to them if a borrower stops repaying a … More
Loan Default: Workout, Litigate or Foreclose?
Creditors are often faced with a difficult decision when a borrower defaults on a loan. In order to stay in business, creditors must collect on as many loans as … More
What to Do if You Can't Pay Your Bills
If you have lost your job, had unanticipated medical bills or simply taken on more creditors than you can afford to repay then you may be having difficulty paying the … More
What You Can Do When Your Customers Don't Pay Their Invoices
Almost every business owner has faced the same problem at one time or another. The business provides a product or service to a customer, the business invoices the … More
What is Wrongful Repossession?
Secured creditors have the legal right to repossess property that is collateral for a loan under certain circumstances. That legal right is known as … More
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