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Rapid Reader Questions, Debt Consolidation, Navient, Credit Score, Fraud, and More

Q: Is it legal for a mortgage company to all of a sudden demand a deferment balance from 10 years ago now, or will they foreclose on the home I am one month behind on the monthly payment? A: That sounds a lot like a balloon mortgage (a mortgage in which a large portion of …

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I’m Disabled and Being Sued About Past Due Credit Card Debt

Question: Dear Steve, I am being sued over a $2600 debt with CC company. I am fully disabled. My income comes from two sources, SSDI and private disability insurance. I know that SSDI is not garnishable, however, it’s unclear whether my private disability insurance is garnishable. Wisconsin statues regarding this matter at best are extremely …

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I’m Getting Sued by National Collegiate Trust and I Don’t Know What to Do

Question: Dear Steve, I’m being sued by National Collegiate Trust for $6345 and I don’t have a clue which loan this is in regards to or even the original guarantor for that matter. What are my options, rights in regards to this lawsuit? How can find out if this is legitimate? Answer: Dear Ann, I …

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