A debt collector can garnish your bank account, but only up to what the law allows. Getty Images/iStockphoto Many borrowers assume that once a debt goes unpaid long enough, the worst a debt collector can do is damage their credit score. That assumption is wrong — and for the tens of millions of Americans with … Read more
If you’re being sued over unpaid credit card debt, you may have more leverage than the debt collector is counting on. Hanizam/Getty Images As credit card balances have swelled, debt balances have climbed and delinquency rates have ticked upward over the last few years. Debt collection activity has followed suit. Over time, most unpaid debt … Read more
Settling your debt for a very low amount requires patience and leverage, but there’s no guaranteed playbook for success. PM Images/Getty Images If you’ve stared at a credit card balance that you simply can’t pay off, you’ve probably done the mental math on whether you can offer the creditor a fraction of the balance and … Read more