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No, you can’t refuse to talk to them without imperiling your finances even further. But, you can ask for the details of your loan and verify that they are correct. Here’s a list of your rights under the Fair Debt Collection Practices Act (FDCPA).
And yes, they can take money from your paycheck. But they can do this only after they get a court order. You will get a notice from the court. Don’t ignore it. It’s essential to obtain a lawyer or get help.
The most significant advantage of a home equity loan is that it carries a low rate of interest. However, this benefit comes with a drawback. If you can’t repay your home equity loan, the lender can take away your house and sell it to recover its dues.
How do you propose to repay the home equity loan? If you’re sure you’ll have the money to pay the lender, go ahead and use this source of finance. But don’t forget that you could lose your home if you don’t repay.
No, our services are available in every state except Kansas. If you don’t live in Kansas, we’d be happy to place you in one of our debt management programs and our fees range from 8% to 20% of the debt that you want us to help you with. There are no advance fees and you need to pay us only if your payday loan is resolved.
Yes, you can. Tell them why she can’t pay and offer to settle the debts on her behalf. But be prepared to negotiate. The problem is that interest will keep piling up as you delay the payment. It may be a good idea to seek professional help.