Ohio residents who encounter debt may be interested in ways to deal with debt collector lawsuits. According to the Federal Trade Commission, about 60 to 95 percent of debtors who are sued never show up in court. This may result in a default judgment against the...
Debt Relief
How to deal with nursing home debt in Ohio
When children can no longer provide adequate care for aging parents, they may decide to put them in a nursing home where they can be cared for by professionals around the clock. However, what happens if a parent passes and the nursing home sends the debt to a...
Kohl’s customer alleges harassment over $20 card bill
If the calls came from a debt collection agency, rather than internal Kohl's customer service representatives, the penalties for violating consumer protection laws could be more severe. In the meantime, choosing not to pay the overdue bill could damage the woman's...
How to deal with debt obligations
It can be scary and stressful to get creditors calling daily or sending letters in an effort to get their money. However, consumers do have options to help them resolve their debt issues. In some cases, creditors have a limited amount of time to initiate legal action...
Dealing with creditors in Ohio
In 2011, 200,000 lawsuits were filed by debt collectors in New York in an attempt to resolve cases where borrowers had failed to pay an obligation. However, a Federal Trade Commission study has revealed that only 6 percent of creditors actually have documentation to...
Lawsuit against former airline executive halted by bankruptcy
When people start tossing the word “bankruptcy” around, most in Cuyahoga Falls may automatically think of large companies or corporations that are going under. While many of the more high-profile bankruptcy cases that garner media attention do center on...
Student loan debt starting to take a toll on America’s economy
Most people in Cuyahoga Falls try to avoid debt and the financial pitfalls that it can carry with it. Yet even the tightest of penny-pinchers has to concede that there are some valid reasons to assume debt, such a buying a home or a reliable car. Financing one’s...
Fraudulent services prey on many seeking debt relief
Many in Akron view having to file for bankruptcy as the ultimate fiscal failure on their part. Yet often they allow that fear to drive them into making poor decisions in the name debt relief. It's not uncommon to hear ads from companies touting credit counseling or...
Potential tax bills could deter people from mortgage forgiveness
Most in Akron who face mounting debts will do all that they can to settle those expenses while avoiding bankruptcy. Fortunately for them, a number of federal and state programs and initiatives are in place to provide them with debt relief. For most, one of the largest...
Don’t mistake debt relief companies for financial advisors
Isn’t it funny how getting in debt is easy, yet getting out of it is so difficult. The urge to satisfy momentary impulses will often lead people in Cuyahoga Falls to make unwise financial choices, the consequences of which often last a lot longer than the payoff...