Co-signing on a child or loved one’s private student loan is a big decision. It’s a common occurrence because young people in particular will not have the necessary credit history to qualify for a loan by themselves. But there are
The Debt Lawyers Blog
The Debt Lawyers Blog, published by McCarthy Law PLC, focuses on legal issues related to debt management and relief. It covers topics such as debt settlement strategies, credit report errors and corrections, student loan debt negotiation, creditor lawsuits, and protections against creditor harassment and collections violations. The blog also addresses practical concerns like avoiding wage garnishment, rebuilding finances after debt settlement, and the legal responsibilities of co-signers on private student loans. It aims to inform readers about their rights and options when dealing with various types of unsecured debt and the legal processes involved in resolving them.
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How Common are Credit Report Errors
By Emiley Kight
How Common are Credit Report Errors? Credit reports can affect many aspects of our lives such as buying a car or applying for a mortgage. Credit reports are used by lenders to determine our credit suitability and financial situation. Despite…
Here’s What You Need to Know When Being Sued for Debt
Here’s What You Need to Know When Being Sued for Debt Receiving a lawsuit for unpaid debt can be a stressful and overwhelming experience. Understanding your rights and options when facing a debt collection lawsuit is essential to protect your…
Current Average Credit Card Debt
Current Average Credit Card Debt Credit card debt is on the rise and the Federal Reserve says this past year saw the biggest jump in credit card debt for over 20 years. With inflation and interest rates also rising, more…
How to Navigate a Legal Debt Collection
How to Navigate a Legal Debt Collection We’ve all been there – stressful moments when dealing with legal debt collection. The calls and letters can be overwhelming, but it’s important to take the right steps and know your rights in…
Why You Should Check Your Credit Report at Least Once a Year
Why You Should Check Your Credit Report At Least Once A Year Your credit report is an important tool lenders, creditors, and other financial institutions use to determine your creditworthiness. A good credit report can help you secure loans, credit…
What You Should Know Before Getting a Home Equity Line of Credit (HELOC)
Are you thinking of getting a HELOC? Easy access to funds might sound appealing and a home equity line of credit is a quick way to secure funds. However, there are certain risks associated with a HELOC that can leave…
Sued By Credit Card Company in Arizona
What to Do if You’ve Been Sued by Credit Card Company in Arizona Being served with a credit card lawsuit is not fun. The process server usually serves you at your home or place of business when you aren’t expecting…
Is Phillips and Cohen Associates Trying to Collect Money From You?
Have you received a letter from a debt collection agency called Phillips and Cohen Associates? Maybe you see this name listed on your credit report? You might have limited information as to what this means exactly but it could mean…
How to Lower Your Private Student Loan Balance with a Debt Relief Attorney
How to Lower Your Private Student Loan Balance with a Debt Relief Attorney Are you struggling to keep up with your private student loan payments? You are not alone and many borrowers are even turning to bankruptcy as a way…