As a North Carolina resident, you have some pretty strong protections against collection agencies who seek to collect on older debts. This leveling of the playing field makes escaping previous debt mistakes easier for those who are unable to repay. Continue reading →

Have you ever had a debt get tossed from one collector to another like it was a game of “hot potato?” It probably felt like it was just going on and on, and was never going to end. However, at some point, this cycle has to stop. This is what is called the statute of limitation on debt. Once a debt passes the statute of limitations in that particular state, a debt collector no longer has the right to sue you for payment. Continue reading →

Wage garnishment occurs when your employer withholds part of your check to pay any withstanding debts that you have not paid off. Having to go through this can be a very difficult thing. You work hard everyday to pay your rent, utilities, gas for your car, etc. On top of all of this, if you have a family to support and you see a chunk of your paycheck being taken out, it can put a lot of stress on your shoulders. Continue reading →

Have you ever been constantly hassled by debt collectors about a debt that you thought was written off years ago? However, at some point, the cycle has to stop. You do not have to pay a debt that is considered too old by your state. This is known as the statute of limitations on debt. This is the period of time that a collector has to use the court to force you to pay off a debt. Continue reading →

Debts have a form of expiration dates called statute of limitations. Statute of limitations is the amount of time a debt collector can legally obtain a judgment against you for a debt. Expired statute of limitations prevents debt collectors from pursuing a debt indefinitely. Before you begin paying off an old debt, confirm that your statute of limitations has not expired. Each state varies in time periods for various categories of debts. This article will inform you more on statute of limitations, specifically in the state of Indiana. Continue reading →

In many states, the threat of wage garnishment is a legitimate fear held by debtors. Knowing that their creditors can take part their income before they get the chance to pay for the month’s necessities would terrify anyone. Fortunately, in South Carolina, this practice has been limited, though not eliminated entirely. There are certain restrictions in regards to wage garnishment that you should know about. Continue reading →

Have you ever been in a situation where you just kept getting harassed by a debt agency or debt collector, who keep telling you that they are going to file a lawsuit against you? Well, there is such a thing called a statute of limitations on debt in all states. What this means is that once a debt passes this statue of limitations, a debt collector no longer has the right to sue you for payment. However, this does not mean that the debt just magically disappears. You still have to pay the debt back, but you just cannot be sued over it. Continue reading →

Wage garnishment or wage attachment occurs when an employer withholds money from your paycheck as compensation for an unpaid debt. You rely on that money to pay off monthly bills and feed your family, so it can be very stressful to see that bit of money being taken out every paycheck. Fortunately, there are limits that are set up stating how much money can be withheld so the creditor is unable to over-extend their reach into your wallet. Continue reading →

When you’re in debt, it can often seem like the cycle is never ending. Between interest and everyday expenses, you can have a problem paying off your debt. And if you ever reach the point where you have no choice but to stop paying these bills, you may be afraid of the consequences. Under certain situations, a statute of limitations could be your best defense against your creditors. Each state has different laws.  These particular ones will help if you live in California. Continue reading →