What is credit card debt cancellation?

Answer Credit card debt cancellation refers to the elimination of credit card debt, usually through negotiation with the credit card company. While debt cancellation removes the obligation to pay a debt, ... Read More »

Top Q&A For: What is credit card debt cancellation

How to Write a Credit Card Cancellation Letter?

There are many good reasons to cancel a credit card. Perhaps the balance is paid off, or the interest rate is too high, or in an effort to tighten your financial belt and pay down some debt, you ha... Read More »

Can personal property or a paid off condominium be taken by a debt collector to pay off credit card debt in Pa?

Creditors may certainly look to seize/attach your assets of most types to pay the debts you promised or obligated to pay and don't. They also get to recover any costs for having to act to have you ... 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 »

Is credit card debt the most common form of debt?

According to the Federal Reserve's most recent Consumer Finance Survey, credit cards are not the most common form of debt. Though 46.1 percent of American families owe debt on credit cards, 46.9 pe... Read More »