Negotiate Debt on your terms Getting better terms for your debt can be a tricky proposition, especially considering there are several options available to you. Also, the type of debt you have will dictate the best debt negotiation tactic to consider. For instance credit card debt is considered unsecured meaning that it's typically impossible to get rid of all it unless you qualify for Chapter 7 bankruptcy. If your … [Read more...]
Archives for July 2012
Stay out of Debtors Prison By Paying Your Past Debts
Have you heard of Debtor's Prison? It was outlawed in 1830's. It sounds so barbaric to think that you can be jailed over a debt but be careful because even today there are states in the US that can jail you over specific debts. Georgia, Louisiana, Michigan, Ohio, and Washington are states currently locking people up for past debts. Not only that but several states are allowed to levy up to a 40% surcharge on the … [Read more...]