Are Collection Agents Allowed to Text and Email?

The traditional image of a collection agent has them hounding you over the phone. Calling at home. Calling at work.   What you may not know is they can text you and email you, too.   Found On This Page: The FDCPA has not changed with the times.The Consumer Finance Protection Bureau is trying to…

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ABI Report May Bring Hope for St. Louis Student Borrowers

Up until recently, student loan debt was on the short list of debts you could almost never discharge through bankruptcy. It wasn’t impossible, but neither was it easy. Borrowers had to prove they’d face “undue hardship”, which was determined under the “Brunner Test.” The Brunner Test has three prongs: Whether forcing you to pay the…

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Is it a Good Idea to “Settle” Your Debt?

They really make it look or sound like they’re doing you a favor. Maybe you get a letter in the mail. “For a limited time only, we’ll give you this special offer! We’ll accept $238 on your debt of $304.79, and then we’ll consider it paid in full!” Sometimes you get the offer over the…

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How Bankruptcy Impacts Cosigners in Saint Louis

If anyone you love cosigned on a loan so you could get a house, buy a car, rent an apartment or make some other purchase it’s important to know exactly how bankruptcy could impact them. And once they’re on, while it’s not impossible to get them off the loan, it can be very hard. Many…

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Why a DIY Bankruptcy is a Bad Idea

The Internet is usually a wonderful resource, but sometimes it doesn’t do people any favors. It has, for example, convinced people who are already scared and in a state of financial distress to save some money by attempting to represent themselves in bankruptcy cases (the legal term is ‘filing pro se’). And this has done…

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5 Bankruptcy Myths You Should Stop Believing Right Now

Every year, millions of Americans file for bankruptcy protection. Despite the fact that it’s fairly common, dozens of myths still exist about this legal financial solution. In part, we can thank credit card companies for that. They have a vested interest in keeping people out of bankruptcy and so just love to spread disinformation about…

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Considering Chapter 13 Bankruptcy? There Are Some Requirements

Does Chapter 13 bankruptcy seem like the right solution to your financial situation? You aren’t alone. There are many reasons why this particular bankruptcy process appeals to people in St. Louis and around the United States. Chapter 13 bankruptcy could help you keep your home and prevent foreclosure. As well, Chapter 13 bankruptcy doesn’t involve…

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5 Signs St. Louis Bankruptcy Is Right for You

Filing for St. Louis bankruptcy is accompanied by positive changes. It opens the door to healthier financial habits and a clean slate, but there are also drawbacks. St. Louis bankruptcy will impact your credit score and make it difficult to receive financing or a loan in the months and years after discharge of Chapter 7…

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What Is Exempt Property in a St. Louis Bankruptcy?

When you file for St. Louis bankruptcy, you are quickly introduced to a new set of processes and court procedures. Your bankruptcy lawyer helps you understand the initial steps of a St. Louis bankruptcy and anticipate the upcoming requirements and eventual outcome. In tandem with the procedure of bankruptcy, you will also encounter certain legal…

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