Creditors would generally prefer to be able to collect a debt from a debtor simply by sending the debtor a bill and receiving immediate or gradual payment from the debtor. Unfortunately, not all debtors pay their bills on time, and some do not pay the debt at all. When a debtor defaults on a debt,… [Continue Reading]
Things to Keep in Mind When it Comes to Debt Settlement
It is easy for debt to snowball if you suffer a major financial setback, such as losing a job or being diagnosed with a major illness. Most people in these situations consider filing for bankruptcy in order to get rid of the debt and get a fresh start. However, bankruptcy is not appropriate in every… [Continue Reading]
