Debt Forgiveness Plan
Bankruptcy Law Overview, Debt Collections, Fair Credit Reporting, Fair Debt Collections PracticesDo you have very old debt lingering on your credit report? In California, if it has been more than four years since you first became delinquent; i.e., missed a payment, then the debt collector can no longer sue you to collect on that debt. HOWEVER, that doesn’t mean that the debt is forgiven, or that […]
Debt Collection Tricks Exposed By the Courts
Bankruptcy Law Overview, Chapter 13, Debt CollectionsThe recent case of McMahon v. LVNV Funding et al, 2014 U.S. App. LEXIS 4592 (7th Cir., 2014) held that a letter from a non-attorney debt collector on a time barred debt was false, deceptive and misleading because it used the word “settlement.” “Settlement,” the court reasoned, implied a threat of litigation, even though the […]
