Monthly Archives: September 2021
You Guessed It: Medical Debt Is The Leading Cause Of Bankruptcy
You might have a coworker who, given the opportunity, will grouse about her ex-husband who declared bankruptcy right after they divorced, and she thinks he only did it to reduce the amount of child support he would have to pay. After she filed for divorce, Mr. Wonderful bought a fancy new car and traveled… Read More »
Why Do Creditors Sell Your Debt?
When you get a call from a collection agency, it is natural to react by saying something like, “Who do you think you are? I don’t owe you money!” The more you think about it, the more infuriating it is. There are businesses the entire purpose of which is to harass people about debts… Read More »
Should You Negotiate With The Original Creditor After A Collection Agency Contacts You?
Collection agencies ask you all kinds of intrusive questions about your finances, but they are usually not especially forthcoming about how your debt became their business in the first place. There are several ways that a collection agency can get the right to seek payment of a debt from you. The trouble is that… Read More »
