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Your creditor can request payment from you and eventually sue you if you are unable to comply with your contract. Though they can request you to honor the debt, they cannot illegally harass you for payment. It is against the law for a creditor or collection agency to contact your employer before getting a court […]

Keep a record of all collection calls: the time of day, what was said, the way you were treated. If you are being called at work, call or write the collector (keep a copy of the letter) and tell them to stop calling you at work. If you have a home number, you can give […]

When you co-sign for someone else, you are fully responsible to pay that debt if the person you co-sign for doesn’t pay it. Many people think that co-signing is just a favor for a friend, it is not. It is a commitment to pay the debt in full, so be very careful about co-signing for […]

Your credit report or “credit history” covers the last 10 years of your financial life. Credit reports often only take on importance to you when you are seeking to borrow a large sum of money such as a mortgage loan to purchase a home or an automobile loan. If you applied for and received a […]

The legal owner of the car is the person whose name is shown on the title to the vehicle. The co-signer generally cannot legally take the car by force. The co-signer has no rights to the car unless the co-signer’s name is on the title to the vehicle. When you sign the loan papers along […]

SAMPLE REQUEST UNDER FREEDOM OF INFORMATION ACT Date: To: [name of individual/company] [address] [city, state, zip] Attention: [name if known] Dear [Mr./Ms. _____________________], This request is made pursuant to the Federal Freedom of Information Act. I hereby request disclosure of any information about me that may be maintained in your files, to the extent disclosure […]