Author Archives: Jay Butchko
What Can Debt Collectors Tell Consumers About The Statute Of Limitations On The Debt Owed?
Consumers who owe debts to creditors often have to deal with debt collectors, some of whom may make the debt collection process quite unpleasant. However, even when a debt collector is not being abusive, or harassing the consumer, the debt collector may not always be giving the consumer the information the consumer is entitled… Read More »
How Bankruptcy May Affect Foreclosure
In some situations, homeowners who are struggling to pay the mortgage may also be having trouble paying off other bills. With the debt piling up, a homeowner may opt to file for bankruptcy as a way out. While this may be a way to manage other debts, filing for bankruptcy to get rid of… Read More »
The Status Of Liens After Foreclosure
Homeowners sometimes take multiple loans that are secured by their homes. If the homeowner fails to make payments on the original mortgage, which is also secured by the home, the mortgage holder can foreclose on the home to satisfy the homeowner’s debt. While the foreclosure sale may take care of the mortgage loan, the… Read More »
Pre-existing Damage As A Basis For An Insurance Claim
Generally, insurance companies do not pay out on policies if they determine that the covered property has pre-existing damage. The determination of the pre-existing damage is done through valuations and investigation by the insurance company. Pre-existing damage to insured property does not always mean that the insured losses out on the claim completely. In… Read More »
Credit Counseling To Manage Debt
Getting behind on bills can cause a lot of stress and could mean making some difficult decisions at the end of each month on which debt payments are made on time, and which payments are missed. Unfortunately, once a person starts missing payments, it gets more and more difficult to get caught up and… Read More »
The Process Of Foreclosure In Pennsylvania
Some homeowners who received foreclosure notices think that they have to leave their homes immediately, or that the bank can kick them out at any time. The lack of information on the timeline of a foreclosure, and when the homeowner has to leave the home can cause a lot of undue stress for the… Read More »
A Car Owner’s Rights During Repossession
Having a car loan can sometimes be stressful but necessary, especially if someone needs a reliable car to go to work, grocery shopping, doctor’s visits, school or other necessities, in an area without consistent public transportation. If the car owner cannot make the monthly payments, he can lose the car in repossession by the… Read More »
Dismissal of Creditor Lawsuits
There have been recent news reports about the dismissal of several student loan collection lawsuits filed by an entity that owns most of the country’s private student loan debt. The dismissal of the lawsuits has been primarily because the entity suing the student loan borrowers could not prove that it owned the loans in… Read More »
Bureau Of Consumer Financial Protection Arbitration Rule
Somewhere in the fine print of the credit card agreement that most people sign with their banks is a clause that requires the person signing the agreement to consent to arbitration if any disputes arise between the consumer and the bank. This is known as the arbitration clause. This usually means that for example,… Read More »
Forbearance And Mortgage Loans
Most people with student loans, especially government backed loans, are familiar with the concept of forbearance. When a person owing student loans gets forbearance on the loans, it means that the person does not have to make payments, or only has to make reduced payments for a set period of time. Not many people… Read More »
