Garnishment: What to Expect and How to Make it Stop
When are creditors allowed to garnish your wages or funds in your bank account in Virginia? A creditor can garnish your wages or funds in your bank account to collect on an unpaid debt after the court has entered a judgment against you. A judgment is an order entered...
What You Need to Know About Charged Off Debts and Debt Buyers
Can a debt you owe be sold to a different company without your permission? Yes. A creditor can transfer the debt you owe them to another entity without your permission. It is common for a creditor to transfer an unpaid debt to a debt buyer. Following the transfer,...
Vehicle Loans: Flexible Options to Keep Your Vehicle with Better Terms
Can I keep my car if I file Chapter 13 bankruptcy? Keeping your vehicle and paying less than the full balance owed on your vehicle loan is within the realm of possibility in a Chapter 13 bankruptcy case. In some instances, it is also possible to lower your vehicle...
Credit Reporting: What gets reported and for how long?
Does a creditor have to report your debt to the credit bureaus? Creditors are not required to report your debts to the credit bureaus. Your creditors can decide whether to report your debts to all three major credit bureaus (Equifax, Experian, and TransUnion), to one...
Credit Reporting Accuracy: Don’t Wait too Late to Discover an Error
Is Credit Reporting Inaccuracy Really a Thing? Yes. Unfortunately, it is possible for inaccurate information to be included on your credit report and negatively impact your credit rating. There is probably no worse time to discover an error on your credit report than...