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Georgia is one of the top five states where residents are burdened with medical debt, according to the health research organization KFF. Overall people in the U.S. owe more than $220 billion in medical debt, and it’s a leading cause of personal bankruptcy in the nation.#ZDLaw #DebtFighters #debtattorney #bankruptcyattorney https://www.ajc.com/news/health-news/the-us-consumer-financial-protection-bureau-has-proposed-a-rule-that-would-prevent-credit-bureaus-from-including-most-medical-debt-in-credit-scores-but-the-clock-is-ticking/NKYE4R7OQ5C4ZMTTG7QQGJBWUY/

If you’re facing foreclosure, you might be wondering, does bankruptcy stop foreclosure of a home? The short answer is yes, bankruptcy can temporarily halt foreclosure through an automatic stay, giving you time to address missed mortgage payments. In this article, we’ll explore how different types of bankruptcy impact foreclosure and what steps you can take to keep your home. Key Takeaways Filing for bankruptcy provides an automatic stay that halts foreclosure proceedings, offering homeowners critical time to address missed payments and negotiate with lenders. Chapter 7 bankruptcy can temporarily delay foreclosure, while Chapter 13 offers a structured repayment plan to… Read More

Wage garnishment can be financially devastating. If you’re searching for how to stop a garnishment of wages, this guide offers actionable steps you can take immediately. From understanding your options to negotiating with creditors, we’ll break down the most effective ways to protect your earnings. Key Takeaways Wage garnishment occurs when a court orders employers to withhold earnings to satisfy debts, often following legal judgments. Assessing one’s financial situation and seeking legal help are critical first steps in responding to wage garnishment, along with exploring negotiation or exemption options. Long-term strategies such as debt nego, credit counseling, and bankruptcy can… Read More

Income Limits for Chapter 7 in Florida: What You Need to Know Chapter 7 is the most popular form of bankruptcy – But, it’s not available to everyone. The U.S. Bankruptcy Code places strict income requirements to file Chapter 7, with the Florida bankruptcy means test is a critical component in determining eligibility. Here, we’ll discuss the finer details of the income limits for Chapter 7 in Florida, including: How to Calculate Your Income Chapter 7 Means Test Special Considerations Alternative Debt Relief Options if You Don’t Qualify If you have specific questions about the income limit to file Chapter… Read More

Finding negative items on a credit report that are not correct can be frustrating and harmful to your credit score. This article will help you identify these errors and guide you through the steps to dispute and remove them effectively. Key Takeaways Identifying and disputing incorrect negative items on your credit report is crucial for maintaining and improving your credit score. Preparing a detailed dispute, including gathering supporting documents and writing a clear dispute letter, increases the chances of a favorable resolution with credit bureaus. Regular monitoring of your credit report and proactive measures against identity theft can help prevent… Read More

If you’ve found WRONG INFORMATION ON CREDIT REPORT, it’s crucial to fix it quickly. This article will walk you through spotting these errors, disputing them, and ensuring your report reflects your accurate financial history. Key Takeaways Regularly review credit reports from all major bureaus to identify and address inaccuracies promptly. Dispute erroneous information by contacting both the credit bureau and the data furnisher, providing supporting documents for your claim. Utilize the Fair Credit Reporting Act to understand your rights and take necessary legal action if disputes are not properly resolved. Identifying Errors on Your Credit Report Regularly checking your credit… Read More

Is there a wrong name on your credit report? This error, such as a wrong name on credit report, can lead to serious problems like identity confusion and credit denials. Here’s how to identify the cause and correct it quickly. Key Takeaways Correcting name errors on credit reports is crucial to prevent identity confusion and facilitate smoother credit applications. Common causes of name errors include data entry mistakes, similar names leading to mixed files, and legal name changes not promptly updated. To correct a wrong name, verify personal details, contact credit bureaus with supporting documents, and ensure creditors have updated… Read More

Credit Report Lawyers Near Me: Who to Call Credit report attorney near me services can be your lifeline when faced with inaccurate credit reports affecting your future. Whether it’s resolving errors, protecting your rights, or navigating the complex corridors of the Fair Credit Reporting Act (FCRA), calling a local credit report lawyer ensures you’re in safe hands. Here’s a quick answer if you’re searching for credit report attorney near me: Seek Local Expertise: Finding a local credit report attorney ensures a better grasp of state-specific regulations and personalized face-to-face consultations. Free Consultations Available: Many attorneys offer free initial consultations to… Read More

Chapter 13 bankruptcy, commonly known as the “wage earners plan,” offers individuals with a regular income the opportunity to create a repayment plan, for all or some of their debts. Unlike Chapter 7 bankruptcy, which often requires selling assets to settle debts, Chapter 13 lets debtors hold on to their possessions and pay back what they owe through a structured repayment plan, initiated by a bankruptcy filing. A consolidation loan can be an alternative to Chapter 13 bankruptcy for managing debts. Knowing whether you qualify for declaring bankruptcy Chapter 13 is essential before deciding to pursue this path. This piece… Read More

When you co-sign a loan, you assume the financial responsibility of the cosigner if the primary borrower does not repay. This can impact your credit score and financial standing. Understanding your responsibilities, including the responsibility of cosigner, and potential risks as a co-signer is crucial. In this article, we’ll explore what it means to be a co-signer, the legal and financial implications, and steps you can take to protect yourself. Key Takeaways Co-signing a loan involves legal responsibility for repayment, emphasizing the need for thorough assessment of personal financial health before agreement. The distinction between co-signers and co-borrowers is crucial;… Read More