Debt Settlement and Your Consumer Rights

Credit cards and other consumer debt increases exponentially, in the event of economic downturns. Living paycheck to paycheck, while adding mounting debt, can lead to harassing phone calls from debt collectors – making your financial future seem much more bleak. Consumers do have rights under the Fair Debt Collection Practices Act (FDCPA), which was enacted to protect debtors from the bad behavior and harassment by debt collectors – learn more at this

Debt settlement programs can be helpful to many consumers who feel that they are in over their heads, financially. These programs typically work well for the consumer, because they have the advantage of a third party negotiating on their behalf. This eliminates much of the emotional and psychological stress that can become part of the debt settlement process. Contact a debt settlement attorney to ensure that you fully understand your consumer rights.

A debt collector cannot ask for payment exceeding the amount that you owed. This includes misrepresenting the amount verbally or in writing. Collectors additionally cannot add extra fees that exceed the original amount of the debt.

Debt collectors are strictly prohibited from using abusive (or obscene language) while speaking with a debtor. Some collectors will try and use this as a bully tactic, but it has been deemed abusive by the Fair Debt Collection Practices Act, and is (therefore) considers this harassment tactic illegal.

Guidelines prohibit when (and where) a debt collector is allowed to contact the debtor. They cannot call before 8:00 am, nor can they call after 9:00 pm – they cannot call you on Sundays, either. Calls to your place of work, after indicating to the debt collector, that these calls were inappropriate – are also forbidden, as they are deemed to be harassment.

Threats of physical violence, jail time or disclosing your debt to third parties, is all expressly prohibited by your consumer rights. No matter how much you owe, a debt collector is never permitted to use scare tactics, such as these, to attempt to collect payment.

Ask for validation of the debt in writing. The debt collection agency is required to send you a written verification of a debt. This communication should include the amount of the debt, the name of the original creditor and a statement indicating how long the debtor has to dispute the debt.

Finally, the debt collector must cease contacting you, if you forward them a notice indicating to cease & desist attempts at contact. The collecting party is only allowed one more contact (in writing) after they received your request to cease contacting you. The written communication should indicate that further attempts to collect the debt, will cease – or that the collection agency is going to pursue legal remedies reserved for them. can give you a complete layout of your consumer rights, when harassed by debt collectors.

Often, some of the stress from dealing with debt can be reduced or eliminated by simply getting help with the situation. Understand your rights, and seek help from experienced professionals to ensure that those rights are respected. The Fair Debt Collection Practices Act (FDCPA) is a statute included in the Consumer Credit Protection Act, which aims to do the following: To eliminate abusive and unfair practices in the collection of debts from the consumers; promotion of fair practices of collection; providing guidelines to debt collecting agencies on conducting businesses; to provide consumers with an avenue for disputes; determining the consumer rights, when dealing with debt collectors; prescribing remedies and penalties in cases consumer rights violations.

How To Enforce Your Consumers

Getting out of debt has just got easier with the enforcement of the new law, by the Federal Trade Commission (FTC). According to the new amendment, FTC has banned debt settlement companies from collecting upfront fees. This would be good news for people who are staying in Pennsylvania, as it has been speculated that this county receives a record number of cases regarding unfair debt collections. Pennsylvania however, is the official location of many good consumer law firms. In a case when you are doubtful about the actions of an agency, you should contact a good law firm to determine if you have a case; you can also take a look at , to see if you can tackle the matter on your own.

In case you are borrowing money from any enterprise in Pennsylvania, you should preserve all the documents of the procedure (and the payment) for future reference. If possible, keep a record of the communication between you and the collection agency. This would be helpful as references, if you get involved in any legal complexities later on. Before filing any case regarding unfair debt collections, Pennsylvania County’s law requires you to send a cease letter addressing the debt collectors to stop further communications with you. If the harassment continues, hire a lawyer to fight on your behalf. An attorney for unfair debt collections in Pennsylvania works in close collaboration with the consumer, to stop irritating calls from collection agencies, and restore peace to the consumer.

How Section 8 Housing Works

Section 8 housing is a housing assistance program, sponsored by the government, to provide financial help to eligible applicants through HUD (Housing and Urban Development). The HUD has issued the Section 8 housing vouchers to property owners, to compensate them for a portion of the tenant’s rent. This is available to families and individuals with low income, the elderly, the disabled or those who are financially disadvantaged. On a side note, if debt is an obstacle for those looking for Section 8 housing, go to to find out how debt settlements with collection agencies can help alleviate matters, financially.

Overall, to gain approval for Section 8 housing assistance, one has to go through a lengthy process, which can take up to a year. As soon as it is approved, the recipients need to lease the properties, which have been certified by HUD.

Qualification Requirements for Section 8 Housing

The requirements to qualify for Section 8 housing vouchers, require information regarding the gross income of the applicants (it must be less than fifty percent of the median income level of their state). Upon approval, the applicants will be placed on a waiting list, until suitable section 8 housing becomes available. Each property owner accepting the housing voucher, need to be certified and will undergo manual inspection of the property, in order to ensure that they meet the quality standards of the HUD.

Section 8 recipients have subsidized the housing payments and need to reapply for the advantages, every year. Any changes in the family dynamics (and in the income) need to be reported to the Public Housing Authority. When divorce or death occurs, or if a family member will be moving out of the residence, or when childbirth occurs – the benefits of the section 8 can decrease, increase or be eliminated (depending on the specifics of the situation); and since you may be subjected to credit checks (when re-applying), getting your bad credit cleaned up can be a big help – check online to see how to delete or remove negative items – like Hunter warfield – from your credit report.

The investors in real estate who are offering rental properties, may consider investigating the benefits of being a property owner, utilizing section 8. The prospective property owners need to submit an application of Request for Tenancy Approval, through their local Public Housing Authority office. Upon approval, every rental property will be subjected to inspection. As soon as the inspection process is completed and the property has been approved as section 8 housing, the property owners will enter into a 1-year contract with the PHA.

The minimum requirements for the Section 8 property owners include having providing adequate entrances and exits from the property; appropriate utilities, including heat, running water, electricity, and air conditioning; and appropriate sanitation, including sink, shower or bathtub and toilet. Every rental home needs to include a kitchen, bathroom and one bedroom – for prospective tenants. The Section 8 properties may include: multifamily and single-family residences, town homes, condominium units, and apartments. Many property owners want Section 8 housing certifications, as the program is providing reliable cash flow. The HUD’s housing recipients are usually excellent tenants, remaining in the properties for many years. As soon as tenants locate good homes, that have a good property owner, they would want to stay in the home, because finding decent Section 8 housing can be very hard; especially – if you have abysmal credit. If bad credit is making it a challenge to get Section 8 housing, there are federal laws at that can help you remove collections agencies from credit reports.

The property owners who are interested in becoming a Section 8 landlord (as well as the individuals who need housing assistance), will be able to gain information about the housing programs through the website of HUD. Even though the process may be time-consuming and complicated, Section 8 housing is able to provide the property owners with quality long-term tenants – helping the tenant locate suitable housing, creating a win-win situation for all parties involved.

Benefits of Section 8 Housing

  • On Time Payments – This is the best benefit of all, because the government pays on time – all the time. There will be no chasing your tenants for money, every month. It will arrive in the mail the first week of the month – each month!
  • Good Tenants – In general, the Section 8 tenants have the tendency to be good tenants. Most of the tenants have waited and worked very hard to qualify for their vouchers, and fear that any complaints a landlord may submit to the Public Housing Authority, may result in the tenant losing his or her voucher.
  • Longer Contracts – The lease agreement of Section 8 housing are usually one-year contracts and there are times that it can be two years. Even though the tenant may attempt to break the lease, she will need to, first, locate a new property and go through the whole process with Section 8, all over again. The general rule is that, when the investor keeps the property well maintained, the tenants have the tendency to stay for the length of the contract – and will, usually, renew the contract, in order to avoid going through the Section 8 process all over again.

Advantages and Disadvantages Of Property Foreclosure

It is already known that many of the homes that have already been foreclosed on, were recently placed in the pre-foreclose procedure or have owners that are (in some way) falling behind on making mortgage payments. You, the reader, might have already experienced it, personally, or know some one who has. What many people don’t know is, that many businesses do not like dealing with the process of foreclosing on homes, one bit.

Banks are not part of the real estate business. It will do nothing for them, when they are undergoing the process of foreclosure; it is a waste of their expert resources (or attorneys) to kick a homeowner out of their house. Additionally, they don’t like being burdened with the worry of hiring the right contractor (so they can renovate and repair the home), and paying utilities and property taxes. They don’t particularly care for sitting and waiting for someone to buy their home, either. However, under these circumstances, banks are more than willing to work with prospective buyers, in the hopes that they can get their dormant property to generate income; so, if your credit report has stellar recovery complaints, or the like, banks still may be more than willing to work with you!

The one piece of good news is this: These past few months, banks are now willing to change the way in which they short sell property and allow people to get a loan. In a short sell, a lender normally would…

  • Foreclose a certain property and pay all related holding fees, such as utilities, repairs and even taxes; and be able to carry the burden of handling and selling that property to you, in the end – in which case, you will still be losing money.
  • Negotiate the existing loan, let the owner and the family stay in the house, provided that they keep their monthly payments on time – but you would still lose the money.
  • Make a short sell on a specific property, and prevent taking control over that house & get it off bank’s books – however, you will also lose the money

The first two options are likely to happen. However, through modification of the loan, or short selling a property in a foreclosure, banks will remove the stress (as well as the expenses) linked to actual ownership of the property.



Well, let just start with the disadvantages of a short sale. It is a daunting task for you to negotiate on a short sale, through the traditional method. You have to consider all of the parties within the negotiation process – and this is where the process typically gets complicated. Parties you have to look out for includes the agent of the seller, the seller, the potential buyer, the agent of the potential buyer, the lender, as well as, the underwriter of the lender. There are instances where there are more than three lenders; if this is the case, be mindful that managing the paper work can get confusing. And getting chased by groups like cach llc debt collection agency, can only exacerbate matters, as they have the potential to file suit and derail everything.


Now that you know how difficult it can be for a short sale, now we can discuss the advantages. A short sale is actually an excellent option for the owner that has little equity in their house.

Enter the investor. When you choose to sell your house via a short sale with an investor, the chances for getting that deal accepted by the lender, will greatly increase. The reason for this is because there are fewer “parties” conducting the negotiations. Fewer “parties” means fewer concessions that need to be made, which means more people are happy, which means deals are approved.

This may cut out the realtor, since most of them are paid to assist in these situations. However, agreeing to a short sale, when done right, can expedite matters. And if one investor is leading into a short sale, instead of using a realtor, you may only need the presence of 3 to 4 parties (excluding the realtor).

Hopefully this explains how a short sale is performed. Take, for instance, that months ago, if you bought a property and you received a mortgage for more than a hundred thousand dollars – it can result in having financial leverage (in terms of a short sale), even though you have little to no equity in the house; and since the turnover for the short sale will be completed more quickly, creditors or debt collection agencies, can be taken care of (or paid off) in a timely manner – if they pose a problem, however, for whatever reason, go to

As of now, the seller and the investor would meet up and the investor would put forth options to purchase the home. This process is just a proof that an investor can wear many hats as a professional, in real estate matters, and, in many ways, alleviate matters for banks, realtors and home owners.

How To Manage Medical Debt Settlements

Research in the United States has shown that the greatest cause of bankruptcy, is medical debts; it is, therefore, very important that one use the legal assistance of an attorney to make sure it does not come to this. Trying to settle a medical debt, by yourself, without any professional aid, might not be that easy and (eventually) one may find himself bankrupt.

There is a great difference between medical debts and other unsecured debts. One such difference is that medical expenses arise accidentally, and, therefore, accumulate to very huge amounts – if it is not taken care of. One does not plan to become sick. Accidents and emergency surgeries might not be covered by any health insurance, and this means that the debt may increase to an inflated amount – that gradually results in bankruptcy. To add insult to injury, debt collectors (like diversified consultants, for example) are lining up to wreak more havoc on your finances!

Some health institutions have state law lien rights; this means that, if you are treated (as a patient), and fail to pay medical debts, the health institution will report the debt to the county records. And since the lien is recorded as part of a public statement, in public records – your payment habits are publicly exposed, for all the world to see. And such a thing can lead to trouble and all kinds of adverse effects.

The first step in eliminating a medical debt, is by verifying the debt’s balance. One should verify how much a debt is, by contacting the health institution or the creditor. It is, therefore, very advisable to hire professionals to assist you in pressuring creditors to give you the specific amount of the debt. So, when you pay the debt (in full), no remains of the debt will linger, and come back to bite you, in the future; so, the debt will be eliminated in time, without adverse effects, such as bankruptcy.

Another tactical measure one can employ in eliminating a hospital debt, is by use of his/her credit card. One can settle a medical debt using a credit card. This means that now the debt is settled as a consumer debt. It is advisable to take advantage of this, to prevent medical debts from accumulating – eventually leading to bankruptcy. Be wary of overindulging in the use of credit cards, as it, too, can lead to conflict with eos cca or other debt collection agencies.

Another advantage of hiring an attorney, is using them to help you settle the credit card debt that may have resulted from using your credit card to settle a medical debt. They are able to negotiate with the bank or the issuer of the credit card and help you settle the debt.

Medical debt settlement normally refers to the process of negotiating with a health provider (or a credit card company) with the intent to reduce a medical debt, without bankruptcy. Attorneys help in such negotiations, so that both parties agree on a payment plan to reduce and eliminate the medical debt (in full) without any need for bankruptcy proceedings.

Settlement is very important, as once it is achieved, it helps individuals to move on with their lives – comfortably, without having the financial strain of paying off big debts that accumulate over time; under extreme conditions, in a climate of long-term financial strain – bankruptcy is not too far behind, . It is, therefore, worth your while to spend a little money on an attorney, now…to avoid spending a lot of money mismanaged debt, later.

Once a legal professional is hired, it also means that the client will always receive counsel not just on issues of medical debt, but also will receive helpful directions on how to take care of other debts. For starters, an attorney will, for example, notify all of his client’s creditors, that all debt issues are no longer handled by his client, directly – but will be relayed through the attorney’s office, first. This helps a lot, even in relieving the stress resulting from the type of pressure clients have to endure from creditors, under these circumstance. So, if you are being harassed by a collection agency, like portfolio recovery, you may want to consider legal counsel.

The legal professionals adds an intimidation factor, keeping creditors in check, as they are now aware that the debtor now has a legal adviser. Under this circumstance, one is now able to work in a way that is conducive to earning more, and settling all the debts, as soon as possible, without any stress or overwhelm.

Indeed, medical debts cause personal bankruptcy, especially since they accumulate rapidly and become very impossible to settle – even by means of a regular paycheck. Attempts to settle, under such circumstances, can also be a serious strain on one’s lifestyle, family and general financial status.

It is, therefore, urgent to obtain a suitable settlement plan, to pay off medical debts, so as to avoid the adverse effects that accompanies going into default.

Amazing Benefits That Come With Foreclosure

As people think about foreclosures, the basic scenario that run in their minds are financial nightmares. You will find countless families that struggle early to pay a home loan, only to end up losing their home over failure to service their debt. However, there are several amazing advantages that comes with foreclosures, soley for the struggling or soon-to-be financially struggling individual or family. As foreclosures are not desirable, many times the financial problem becomes hard to avoid, and strict measures must be taken. The good thing is that a foreclosure ends all of the pain that resulted from the build up of huge home loan payments (over the course of months) leading up to the actual foreclosure. Also, until the foreclosure is completed, homeowners can keep on residing in their homes freely without any worry. Despite all these temporary benefits, one must remain mindful that foreclosures are a major financial blow. However, it should be noted that foreclosures can offer a great opportunity for a new financial beginning, as well. Here are some the gains from foreclosure, as jotted down below.


Ways A bankruptcy Can Help During Foreclosure

A foreclosure is not some sort of a dead end, and this is one good thing about it. This implies that homeowners who have failed time and time again to clear up their home loans, acutally have some existing alternatives that will allow them to easily keep their home. These alternatives constitute approaching a bankruptcy lawyer who will show you ways to ensure that a foreclosure does not occur. The attorney will have several duties to undertake. For instance, he will assist you in understanding the benefits of going for a foreclosure or filing for bankruptcy. And if you do file for bankruptcy, he will inform you on the right type of bankruptcy under which to file. In a Chapter 13 bankruptcy, the a court-order can re-structure your debts to a lower amount – to avoid bankruptcy. Basically, bankruptcy can be your  best option if you desire to be in a position to service your debts, and avoid the initial difficulties of paying your bills. A bankruptcy can also help delete debts, by removing collection agencies like arrow financial services from your credit report.


How Beneficial Are Foreclosures To Investors?

As some individuals suffer greatly from foreclosures, there are others who stand to enjoy the benefits of cheaper homes. Homes that have been foreclosed-on, usually end up becoming a simple business venture. To be precise, it is very easy for one to buy foreclosed property (as an investment) at a deep discount – priced less than even nine per cent of its initial buying price. Due to the fact that the bank or financial institutions wants to get these type of properties off their books (because they’re not generating money), they will try to pull all its strings to ensure that the property gets sold; this does not necessarily mean that they are going to carry out any kind of repairs on your behalf, though. Buying the foreclosed property at a throw-away price implies that you will also be buying it as-is, and any kind of issues that come with the property, during the time of sale, will be your responsibility.


Benefits Of Foreclosure To The Homeowner

It is really ironic that coming face-to-face with a foreclosure can be a chance to revive all hopes in life. In extreme situations, some families are so far behind, and so deep in debt, to the point where paying their mortgage will not assist them in anyway. For example, a good number of families out there, at a certain point, just decide to stop trying to make the payments & embark on saving the cash – because there’s little point in paying, if it won’t reverse the foreclosure proceedings. So they say “screw-it”, and start saving the cash for newer beginnings. Some homeowners take this same approach when dealing with collection agencies like cbe group – since they also may be behind on other debt payments, as well.

The owners of homes also have a chance to negotiate the terms and conditions of the mortgage, its interest rates, and what ever else relating to the loan. A quality bankruptcy lawyer can help you become knowledgeable about your options, as well as  assist you when negotiating with your lenders. Though not all the negotiations go through swiftly, this should not worry you at all, as you will have learn one or two things concerning your financial mistakes. Sometimes, foreclosures may not come with a good experience, but it will still be a good lesson when it comes to managing your future finances. Most likely, your financial hardships would have been painful enough to help you avoid making the same mistakes in the future.

There are also various firms whose aim is to assist individuals in resolving their issues concerning loans; thereby helping them achieve a higher financial IQ. It is also a good idea to refer to these type of experts to help you know what to do when it comes to foreclosures, and how it can benefit you!




7 Deadly Credit Card Sins

7 Deadly Credit Card Sins

For those who are not fully aware of the easiest traps that can land their credit cards to hell, it’s always better to get in touch with a financial expert who can help before everything turns messy. A good credit score is everyone’s dream, but people should be ready as well to pay for every commitment that comes with this. There are several mistakes that are usually made by some individuals and they end up falling in the wrong trap. One of the most irritating causes of all times is greed. This is actually the undying desire for more material possession; and even worse, a person will use credit to get them. This will eventually lead to a series of debts.

One should clearly consider the reason as to why he or she needs the credit. Its not sensible for instance to use the credit cards on things that eventually wont add any value. For instance, when one uses it for expensive dinners with friends or purchasing the latest design clothes, pricey shoes and the list goes on. Most consumers are tempted by this terrible sin. At the end of it all, it’s always better to have an honest opinion with the finances so that at the end of it all, one does not fall in the trap of overspending on unnecessary things. In many parts of the US, a lot of people have had a dependency on the credit cards and this has led to another serious sin which is known as gluttony.

When people have this mad obsession, chances are that even minor things like candies can be purchased with the credit card which is a complete waste of time as well as a bad habit. The worst part is using the credit cards to buy junk food and also expensive drinks; this is likely to take you into so many years of debts. And this is usually charged at an exorbitant rate in terms of interest. It’s therefore wise to carry some cash at least for small indulgences or if better, one can skip them. Envy is another form of deadly weapon that can lead a credit card holder to financial ruin. This all starts when the consumer has the habit of coveting for shiny items as well as having the desire to get what the fans have on the T.V. Apart from the clothes and accessories, one can also admire the costly gadgets and want to have them.

When this trend continues, chances are that they will be heading towards financial ruin because it surely turns into an obsession. In many cases, people who have developed this habit never make it eventually; they end up paying more because of the increased interest rates and this usually happens for many years. Another common bad sin is lust. This will explain why in one way modern websites have a negative impact on the social lives of many people. The modern standards of living and fashions have led people to lusts and this has negatively impacted on the credit cards. Sloth is also a common sin. This is because some credit card holders actually become too lazy to be updated with the recent card statements and therefore there is no time to remove the mistakes, or any form of fraudulent charges. Fortunately, people like this can use a comprehensive resource to get updated on the latest credit repair information. For example, if you received a notice in the mail from a debt collector,  you can learn how to delete their debt quickly! You can also find out a collection agency’s track record by using the Better Business Bureau’s website or by Googling  Lvnv Settlement, to get an idea what other consumers experienced with said company.

When people are too lazy to organize their finances, then this becomes a hard problem especially in terms of finances. This laziness can also cost them from shopping around and getting the best credit cards. Another common vice is wrath; for instance, when a wife spends so much in the closet, accessories or whichever parts, and the husband out of rage revenges and buys an expensive motorcycle, then this can be disastrous with time because it will be more of competition and yet balance will not be struck.

The last sin is pride. This starts when someone is too proud to ask for help. This makes the consumers not to borrow from the financial institutions and therefore pile everything on the credit cards. There are certain people who will never open up in times of financial distress; they prefer ‘solving’ with credit cards.