Most Americans carry some type of debt, whether it’s school loans, credit cards, a mortgage, or other loans. Sometimes, these debts take over, and it becomes impossible to figure out a way to pay everything owed every month. In dire circumstances, the only option might be filing for bankruptcy, where the court takes over and […]
What is an IRS Appeal?
Did you know that you can ask for an IRS appeal when you receive an adjustment letter from the Internal Revenue Service (IRS) in the mail? The IRS inspects the tax returns it receives each year and often sends taxpayers bills because the taxpayer’s return was found to have mistakes. The IRS may indicate a […]
What is Wage Garnishment?
If you’re sued in civil court for an amount of money and your opponent wins their case, you may experience wage garnishment, which is a method of collecting money owed on a judgment. Someone who sues you for money is known as a “plaintiff,” and you’re known as the “defendant” in a case of this […]
What is the Fair Debt Collection Practices Act?
Often abbreviated as FDCPA, the Fair Debt Collection Practices Act is a law that guides the behavior of third-party debt collectors who attempt to collect money for their clients. The FDCPA rules of debt collection apply to debts like medical bills and auto loans, but they don’t affect business debts. What Does the FDCPA Say […]
What are the Most Common IRS Problems?
Mistakes are all too common on tax returns in the United States, and you may experience IRS problems whether your taxes are incredibly complicated or are rather simple. Here are some of the most common IRS problems you may experience and how to avoid them. Incorrect Income Reporting One of the most common mistakes seen […]
What’s the Difference Between Chapter 7 and Chapter 13 Bankruptcy?
Bankruptcy is a long and complicated process where the court and its officers will delve deep into your assets and debts and examine virtually every part of your financial life. However, every bankruptcy case is different, and there are even different programs available that will treat your possessions differently as far as what might be […]
Can You Get Sued for Credit Card Debts?
When you apply for a credit card, you’ll sign a credit card agreement that states you agree to pay your creditor under the terms of the agreement. When you fail to make timely payments or stop paying an account, the creditor may take a variety of steps to obtain the money owed. The first steps […]
Are HOA Rules Enforceable Under the Law?
Homeowners associations provide some valuable benefits like landscaped common areas, community pools, and security patrols, but they also have a terrible reputation for telling residents what they can and can’t do in their own homes. While some of the rules an HOA may have on the books may sound slightly annoying, others can seem completely […]
What Happens During a Real Estate Closing?
If you’ve ever bought a home, you know that the process can take months and that there are many more steps involved than merely the final signing of the paperwork (which, in and of itself, is quite significant). One of the processes that you should understand is real estate closing, which can seem like a […]
Is It Possible to Negotiate With Debt Collectors & Creditors?
No one wants to get into financial trouble, but there are many reasons the average person may get into trouble with a creditor or have a debt sold to a debt collector. Medical bills, the loss of a job, poor financial decisions, and economic turmoil can turn a person’s bills into an unsustainable mess where […]
