The Sun Sentinel out of Florida is reporting that cases where a creditor has sued a consumer over a debt owed are increasing. Small claims courts in Broward and Palm Beach counties are reporting a spike in the number of cases against debtors, who typically owe between $2,000 to $4,000. Some judges say they are … Read more
“Dear Steve, I was divorced 2 years ago and we split the credit cards down by whose name they were under. I received the Capital One bill 🙁 My husband wanted the divorce so bad he gave me the house and agreed to pay all divorce proceedings which he hasn’t (I hope to be sue … Read more
I took out a personal loan in 2008 and stopped paying due to financial difficulty…it was through Capital One. I checked my credit report and it lists the balance as roughly 1700 dollars. It also says it’s a charge-off, which I assume means the debt was really sold to a collections agency? Anyway, I have … Read more
I am dealing with a debt settlement company for 13 months and I had 12 credit card debts and now the higher ones are coming and suing me. The settlement company says that I am on my own and I also have a joint consolidation Home Re-Equity loan with my cousin and I do not … Read more
I came into financial distress to a point that I was unemployed and had to move to my mothers home in another state to survive with my young child of 6 years old. I am still unemployed but hopeful that I will be joining the workforce soon. At this time I have no car, no … Read more
Recenlty got laid off work. only husband working now need help to get out of debt without chosing wrong company.. Who can I use to help us get out of debt with reasonable payments and not taking chance of getting sued Mary This reader question was submitted for site members to answer. This is your … Read more
Due to an auto accident I was unable to remain current on my debts and was able to work with all creditors but Citibank. The quit accepting the small payments I was able to make and sold the debts to collection agencies. I recently received a call from an attorney for one of the debts … Read more
“Dear Steve, I am in financial hardship and have always had perfect credit but had to stop the bleeding. Chase now threatning to take me to court. Due to financial hardship I stopped paying my Chase credit card and Us bank card, I attempted a settlement at 10% they said 85% then late 65% (Chase) … Read more
“Dear Steve, 14 months ago I entered into a credit card settlement company. I have a debt of $8,200.00 and they had told me, in writing, that the debt could be settled for $4,200.00. Ever since that, I had been making payments of $528.00 per month to this company. They have a 15% fee charge, … Read more
“Dear Steve, I had a baby in 2008 and i couldnt work for a year, so i got behind on all my bill ive been trying to pay one by one but capital one now is taking me to court Hi thanks for this website!! i’ve been sue by capital one the original amount was … Read more
“Dear Steve, We are living paycheck to paycheck, trying to sell our home (shortsale) to make the most of the small income we have, due to the fact I lost my job over 2 yrs ago, I am working now but only enough to still stay at home to not have to pay the expensive … Read more
“Dear Steve, Like 5 yrs ago I had a Discover card for 2500.00. I paid about 1100 of it then no work. Paid another 700 to collection agency through direct deposit every mo. in the amount of 70 dollars. At the end of the year my balance was higher with interest and penalities. Now I … Read more
Finding yourself at the wrong end of a lawsuit can be stressful. Whether you are sued for a relatively small amount in small claims court or a larger amount in circuit court, the experience is never pleasant. If you are sued in small claims court, you will find that the system is designed for people … Read more
“Dear Steve, I am 26, engaged, and have one child. I graduated with a BA in 2008 and the only job I found was as a secretary at the university I went to school at. While in college I racked up $20,000 in federal loans and $15,000 in a private loan. I also managed get … Read more
“Dear Steve, Had my 2 homes foreclosed. One was already foreclosed and the second will be finalized on March 26th. I have equity line of credit loan’s and cosidering filing for bankcruptcy because I’ve heard that the bank’s will probably sue me for the amount’s owed on these loans. Help!!! Ana” Dear Ana, The banks … Read more