Are debt settlements bad?

Answer On One Hand: Debt Settlement Can WorkDebt settlement is one way people who are in debt over their head can get back in control. Many banks would rather settle with you and get some of their money ... Read More »

Top Q&A For: Are debt settlements bad

How Long Does It Take for Debt Settlements to Reflect on Your Credit Score?

Settling a debt can help you save a significant amount of money, but at the same time, it can hurt your credit score severely. Your score may not be affected immediately after you settle the debt, ... Read More »

How long after a credit card debt judgment can a debt be collected in Michigan?

The statute of limitations on collecting a judgment in Michigan is 10 years. Keep in mind that if the debtor is paying off the judgment in installments, the statute of limitations is put on hold du... Read More »

How Long Does a Debt Collector Have to Respond to a Request for Evidence of Debt?

The Fair Debt Collection Practices Act requires lenders and collectors to abide by rules and regulations to ensure that borrowers are being treated fairly and with respect. One of these rules is th... Read More »

Is Revolving Debt or Installment Debt Better for Your Credit Score?

While reviewing your credit report, you may notice some debts marked as "revolving" while others are labeled "installment". Although these types of accounts are very different, having both on your... Read More »