The Debt Lawyers Blog
Publications on student loan debt, credit card debt, credit report errors and more.
How to Repair Your Credit after Identity Theft
How to Repair Your Credit after Identity Theft Good credit is your key to numerous financial opportunities. Even if you are financially stable, if you have bad credit, you could still miss out on many opportunities that rely on checking your credit history. Various financial decisions could cause you to have a speckled credit history, but many...
5 Tips on How to Handle a Debt Collection Summons
Debt is already a stressful issue to deal with, but a debt collection summons can be a startling reminder of your financial obligations. A summons is a court document that informs you that someone is suing you for a debt you owe, and it includes details on how to respond. As the defendant, it is up to you to decide how to handle the case against...
Can Defaulting on Private Student Loans Affect My Job Prospects?
Student loans plague the minds of millions of Americans, but people often have more financial obligations than student loan debt to worry about. Your budget may already be stretched thin between other debts, bills, and necessities. If you are experiencing financial hardship on top of everything, it may feel impossible to honor every financial...
Discover
If you have received notice of legal action against you by Discover, you need to respond promptly before they take a default judgment against you. Discover sues consumers who have defaulted on credit card payments and are hoping you will ignore their lawsuit so that they may collect payment through wage garnishment, property lien, or other...
Synchrony Bank
Creditors like Synchrony Bank have been known to harass consumers over unpaid debt. As a consumer, you should know that you have rights and are protected by specific federal laws. If you think you have been harassed or experienced unethical collection practices, speak to an experienced debt lawyer at McCarthy Law for legal assistance. If...
National Enterprise Systems (NES)
National Enterprise Systems (NES) is an Ohio-based third-party collection agency that was founded in 1987. NES has received many consumer complaints regarding its unethical debt collection practices, especially violations of the Fair Debt Collection Practices Act (FDCPA). Behaviors of unethical collection include threatening illegal action...
Does Credit Card Debt Prevent You From Buying a House?
Credit cards are useful tools for building credit and spending money you may not have at the moment. However, their convenience accompanied by financial hardship can make it easy to rack up significant credit card debt that may be challenging to pay off quickly. This debt may have an impact on your ability to buy a house. Buying a house is a...
Should You Cosign a Friend’s Loan? 3 Risks of Cosigning Any Loan
Friends support each other through difficult times, but you'll rarely see friends willing to cosign a loan. There's a good reason for that. In any relationship, money matters can complicate things. When your friend asks you to cosign a loan for them, they're asking you to take on a big responsibility. Anyone who cosigns a loan application agrees...
How Do Student Loans Impact Parents? One Student Shares Their Story
Parents are usually their children's biggest cheerleaders and champions for getting a higher education. Many parents will do whatever it takes to help their children get into college and obtain a degree, including supporting them in getting student loans. The impact of student loans on the students who follow them is well discussed, but when...
