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How Long Does Bankruptcy Affect My Credit Score?

As of August 15, 2015, Americans owe a total of more than $11 trillion in debt for credit cards, mortgages, student loans, and other expenses. With that number in mind, it should come as no surprise that many Americans choose to file bankruptcy to help relieve their debt burden and start fresh. Although bankruptcy is an effective way to get relief from overwhelming debt, it is not without ...

Bank of America hit with $1,051,000 judgment for harassing cell phone calls

On July 2, 2014 a Tampa couple filed suit in Federal Court against Bank of America alleging that the bank called them as many as 700 times on their cell phones using an autodialer in an attempt to collect a mortgage debt. For some reason, Bank of America failed to file an Answer to the complaint and the Court entered a Default Judgment in the amount of $1,051,000 against them. Bank of America ...

I Can't Afford to Pay My Student Loans...What Can I Do?

Most people know that the total amount consumers owe in student loan debt is now more than 1 Trillion dollars. Yes, that is $1,000,000,000,000! Student loan debt now exceeds credit card debt in this country. But unlike credit card debt, it is very difficult to discharge student loan debt in bankruptcy. Notice I said difficult, but not impossible. However, this article is not about discharging ...

Vulgar voicemails force debt collector to pay $1.5 million

DALLAS - The harassing and threatening voicemail messages left on Allen Jones' mobile phone are nothing short of vulgar. "This shouldn't be tolerated," he said. "Nobody should have to experience what I had to experience." Debt collectors from Advanced Call Center Technologies, LLC left eight messages for Jones in August 2007 trying to collect what it said he owed on a credit card. Click here to ...