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FAQ

Loan Modification or Loss Mitigation: Is It Right For You?

Life can be unpredictable at times, with new expenses rising up out of nowhere. Whether a life event or major change occurs or you lose your job, many things in life can cause you to fall behind on your mortgage payments. That being said, just because you’re having trouble now doesn’t mean you have to lose everything. You maybe be ...

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How do I file judgment-proof?

You don’t actually file a judgment proof status. You may be considered “Judgment Proof” during periods of unemployment or while drawing disability pay or disability retired pay. Also, if you have no assets such as home, car, land, and other big-ticket items. In other words, you have no money and can prove it! Judgment-proof is the commonly used term but ...

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Disputing a Debt: Are we still able to dispute a debt even though the agency is saying it’s been over 30 days since the original letter to us was sent?

credit card debt

We have been in contact with the original creditor because we wanted our bill reduced or taken off for some faulty car repairs; but haven’t had much success. Today we received a call from a collection agency stating they have sent out a few letters and haven’t received any sort of response so they contacted us by phone. To date, ...

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What legal means can a plaintiff use to obtain proof of my assets (cars, boat, jobs, etc.) in a small claims judgment?

Once a judgment is obtained, the judgment-creditor can garnish wages or levy bank accounts, but the creditor must know your employer and other information about you to perfect these remedies. To gather this info, the court can order a “debtors exam.” During this process, debtors are asked personal questions (that the debtor must truthfully answer) about the existence and location ...

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What does re-aging a debt mean?

Answer: Re-aging credit card debt and other past due accounts resets the clock and may give you, collectors and creditors a fresh start, so be careful! Creditors DO NOT have to re-age past due accounts. But when they do without your permission or payment, their actions may be in violation of the Fair Credit Reporting Act and the Fair Debt ...

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What is a judgment?

The proper term is Court Judgment. A court judgment is the final decisive act of a court in defining the rights of the parties.  It includes a decree and any order from which an appeal lies.  Other terms commonly used include, default judgment, civil judgment, foreign judgment, and judgment proof.

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