Recently in Credit Cards Category

"Help!, the Sheriff Just Levied My Bank Account!"

iStock_000005871379XSmall.jpgThe inspiration for this post comes from a call I received today. The distressed caller stated that a "bottom feeder" creditor "stole" my money from my bank account. After a few minutes of talking to this prospective client, it became clear to me that she knew nothing about her legal rights. She also reminded me that knowledge is power--because, had she had a little knowledge about her legal rights, she could have reversed and stopped the sheriff's bank levy.

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"What Are All My Options For Dealing With My Overwhelming Debt?"

Thumbnail image for Thumbnail image for question-mark[1].jpgThe inspiration for my blogs come from many sources--reading questions asked on various websites--from callers at the Law Office of Linda C. Garrett, an online virtual law office, providing full-scope and limited-scope legal services in the practice areas of consumer law, mortgages (HAMP), bankruptcy and family-law; and, from other sources. A common question, to which there is a plethora of information, is what are a debtor's options when they have mounting consuming debts? Of course, a debtor has options. The problem, however, is this: what options are right for them! Just as each person is different, so are the options available to them. Let's explore these options.

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"How Do I Know If Debt Settlement Is Right For Me?"

images[10].jpgAt the Law Office of Linda C. Garrett, an online virtual online law office, providing full-scope and limited-scope legal services in the practice areas of consumer law, mortgage law, bankruptcy law and family law, to include unbundled legal services, I have talked with many consumers, fearful and confused about the concept of debt settlement. Many people, including lawyers, have strong opinions about debt settlement. On the one hand, consumers are told "don't do it, just file bankruptcy and get a fresh start," or, on the other end of the spectrum they are told, "It's great because if you can negotiate a good settlement, you can avoid filing bankruptcy--which is less harmful to your credit score and not as expensive as filing bankruptcy."

The purpose of this blog post is to discuss the pros and cons of debt settlement.

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Consumer Financial Protection Bureau


What is the Consumer Financial Protection Bureau and why it may be important to you if you have a mortgage, credit card and/or student loans.

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