When Does a Creditor Get Paid When You Consolidate?

Answer You can reduce your monthly payments and lower the interest rates you pay on your debts by taking out a consolidation loan. Your creditors normally get paid once you have executed the loan agreemen... Read More »

Top Q&A For: When Does a Creditor Get Paid When You Consolidate

How to Combat a Creditor When Filing for Bankruptcy?

Title 11 of the U.S. Code allows individual debtors to file for bankruptcy at any time. Debtors who do not have much to lose can file for chapter 7 bankruptcy. In a chapter 7 case the bankruptcy co... Read More »

When Can a Creditor Sue You for a Debt They Just Bought?

A debt collector purchasing a debt can file a civil lawsuit to collect the entire balance owed. The timing depends on how soon the debt collector initially contacts the debtor, and whether the debt... Read More »

Is it legal for a creditor to force you have renters insurance when buying furniture on credit?

I'm in Georgia. Can you prove they forced you to buy? They wouldn't give you the furniture if you didn't pay the extra? They are covering their assets. If you think you got ripped keep on trucking ... Read More »

When do you get paid when you retire from navy?

It will depend on the number of years served and the rank at that time. For twenty years service, you are entitled to 50% of your base pay. For each year over 20, you receive an additional 2.5% t... Read More »