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In a debt settlement program, creditors are not paid until a settlement is reached, and there are some risks associated with that. The primary risk is that being in a debt settlement program does [...]

In order for a creditor to garnish your bank account or your wages, they must have a court order granting them the right to do so. That being said, sometimes creditors will tell you that if you [...]

Social Security income is legally exempt from garnishment, so creditors cannot garnish that income. However, if they have received a court-ordered judgment against you, they may seize your bank [...]

Yes, your wages can be garnished for non-payment of a debt. In Colorado, creditors can take 25% of your take-home pay if you do not pay a debt – but they must have a court-ordered judgment [...]

If you’re served with a summons for a court appearance in a debt collection matter, you must take it seriously, and I think that the first thing you should do is contact an attorney with [...]

Entering a debt settlement program cannot stop a lawsuit, and that’s one of its disadvantages. If you are facing one or multiple lawsuits, bankruptcy would probably be a better option to look at. [...]

If a creditor files a lawsuit against you while you are in a debt settlement program, the first thing to do is take that summons to your attorney right away. Your attorney will likely be able to [...]

There are some disadvantages to debt settlement that should be considered prior to entering any type of debt settlement program. The first disadvantage is that there may be tax consequences to [...]

The primary advantage of debt settlement is that it enables you to get out of debt at about half price. The second advantage is that the time frame from start to finish is fairly short, usually [...]