Answers to real reader questions on debt, finance, scams, and more—expert insights to help you make smarter money decisions.
Quick Answer: Bank of America’s settlement department can be reached by mailing offers to their Payment Solutions team, though the specific address varies by account type and should be obtained by calling customer service first. Settlement offers typically require written documentation and may take 30-60 days for review and response.Can anyone tell me credit card …
Quick Answer: In Chapter 7 bankruptcy, the primary cardholder remains responsible for all charges made by authorized users, including family members. Authorized users are not legally liable for the debt, so the cardholder can include these credit card balances in their bankruptcy filing for discharge.is an authorized user responsible for charges on my credit card? …
Quick Answer: Spouses are generally not liable for debts incurred solely in their partner’s name, unless they co-signed the loans or live in a community property state. The wife cannot be held responsible for the husband’s individual car loan, personal loan, and credit cards unless she was a co-borrower or guarantor on these accounts.My husband …
Quick Answer: Patrick could be held liable for the $180 EP Fitness debt if his name appears on any membership documents, even if his ex-girlfriend initially paid. The key factor is whether EP Fitness has his signature on file as a responsible party, not who made the payments. My Ex girlfriend signed me onto her …
Quick Answer: Selling the restaurant business makes financial sense since it would increase monthly cash flow from 1,000rm to 2,000rm while eliminating 70,000rm in debt. The owner would retain profitable rental income from three floors plus the guesthouse, creating a more stable revenue stream with better debt-to-income ratios. Situation * I took 5 story shop …
Quick Answer: A consumer can challenge a default judgment by filing a motion to vacate if they were never properly served, as demonstrated by this case where the person served was described as 6’1″ and 50+ years old while the actual debtor is 5’9″ and 28. The judgment grew from $2,000 to over $8,500, but …
Quick Answer: When a rent-to-own company sends an account to collections before the 30-day grace period, consumers should contact the original company to dispute the timeline and request written documentation of payment terms. The collector must stop calling references if the consumer sends a written cease-and-desist letter within 30 days of first contact. rental company …
Quick Answer: Investment gains from stock trading can trigger Social Security Disability benefits termination if they indicate substantial gainful activity or if assets exceed program limits. The person should consult a disability attorney before realizing gains, as large profits could jeopardize their disability status regardless of tax obligations.I have been on SS disability due to …
Quick Answer: Chapter 13 bankruptcy may not close a current American Express account that remains in good standing, but creditors can terminate accounts at their discretion during bankruptcy proceedings. Before filing Chapter 13 on $65,000 unsecured debt, the debtor should contact USAA, Fifth Third, and Capital One directly to negotiate payment plans or settlements as …
Quick Answer: Banks typically cannot repossess air conditioning units purchased with credit cards since these become fixtures attached to the property. The debt would likely be discharged as unsecured in Chapter 7 bankruptcy, despite the bank’s claims of it being secured debt.FILED CAPT. 13, NOW CHANGING TO CHAPT. 7, BECAUSE I GOT THE LOC STRIPPED.I …
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