How To Protect Yourself From Fake Debt Collectors

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When you fall behind on your bills, every ring of the phone can cause anxiety. The actions of collection agencies are aggressive by nature, and even those who follow the laws about bill collecting will disrupt your life with constant reminders of your bad financial state: Collection agencies are hired by your creditors, such as a credit cards, banks or loan companies and are allowed by law to contact you an unlimited number of times about a debt, however they can only contact you between the hours of 8 a.…

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Involuntary Chapter 7 Bankruptcy: 3 Requirements Of Being Forced Into Bankruptcy

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Filing for chapter 7 bankruptcy can be a difficult process, but sometimes, those doing so have come to the conclusion that it is the only solution to a very complex situation. Other times, those with debt try as hard as they can to repay the loans and credit lines they’ve utilized. However, in certain instances, you could potentially be forced into a chapter 7 bankruptcy. Although there are certain rules that apply to this type of ‘creditor-initiated’ bankruptcy, it is a legally valid tool that creditors can leverage in an attempt to collect on past debts.…

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3 Mistakes To Avoid During The Bankruptcy Process

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If you have already started the process of filing for bankruptcy, you may be eager to get the bankruptcy behind you. However, you may be making mistakes that could jeopardize the discharge of your debts, which would mean that you would still be responsible for paying them back. Here are just a few mistakes to avoid making while going through the bankruptcy process. Trying to Pay Creditors with Retirement Funds…

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