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  • Will Debt Collectors Settle for Less?

    Will Debt Collectors Settle for Less?

    The short answer is: maybe. There are too many factors that go into whether or not a debt collector will accept a settlement for a quick answer to suffice. Let’s look into a few of those factors. Age Of Debt The vast majority of creditors do not collect delinquent debts […]

  • Can Credit Counseling Stop Wage Garnishment?

    Can Credit Counseling Stop Wage Garnishment?

    If there is already a court order for a wage garnishment in place, then no, credit counseling cannot stop a wage garnishment. On the other hand, if you are only being faced with a wage garnishment, but no order is in place, credit counseling may convince a creditor to not […]

  • Does Debt Go Away in 7 Years?

    Does Debt Go Away in 7 Years?

    In order to fully answer the question, we must define the difference between a debt becoming time-barred and ”going away”. When a debt becomes time-barred, or collection actions become impossible, depends on the state that you live in. A national average is seven years, but some states allow up to […]

  • Will Debt Collectors Accept Payments?

    Will Debt Collectors Accept Payments?

    In most cases, yes, debt collectors will accept payments. Often, a debt collector is more willing to accept your installments than the original creditor. The key is to contact the collection agency early and have a firm payment plan in mind. Why So Eager? Why are debt collectors willing to […]