Category Archives: Collections
Lawsuits are scary, especially when you are being sued by a company you are unfamiliar with that alleges you have defaulted on a student loan and owe thousands of dollars in principal, interest, penalties, attorney’s fees and costs. Many times, the amount claimed is much higher than your original student loan balance. To make things worse, the company suing you has an attorney which puts you at a distinct disadvantage. To avoid entry of a default judgment against you, the key in such a situation is to have a plan of action that calls for you to organize, evaluate, and appear. Organize – Pull copies of your loan documents, including your original promissory note, your payment records, and all correspondence between you and the lender or its servicer, including any notice you may have received regarding the transfer or sale of your promissory note from one lender or entity to…
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By STEVEN LONG Many people seeking the relief afforded by bankruptcy want to file a Chapter 7 bankruptcy. I have heard initial disappointment from some in discovering that they do not actually qualify for a Chapter 7. They filed too recently, their income is too high to qualify or because they had property that they wanted to keep. In truth, Chapter 13 bankruptcy is not a compromise. It is often the case that everything Chapter 7 can do, Chapter 13 can do better. Power 1: Saving the House If an individual is behind on mortgage payments, a Chapter 7 bankruptcy is a bad solution for that problem. A Chapter 7 can cancel a foreclosure sale but does effectively nothing to bring the account current. What is often seen as a strength of Chapter 7 is its weakness here – Chapter 7 cases are brief. As is the protection they afford….
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Vaccines for COVID-19 are finally on the horizon. Unfortunately for millions of people, the vaccine will not mean relief from a crushing financial crisis. Many Kansas and Missouri residents are still out of work. This trend may continue in the near future. If you are out of work and are facing a difficult situation, there are some financial relief programs you may qualify for in Kansas or Missouri. Financial Relief for Evictions and Utilities Depending on where you live, you may have access to resources that can help prevent eviction. Kansas has the Kansas Eviction Prevention Program, also called KEPP. Unfortunately, your deadline to apply for this program, if you were eligible, was December 15. However, the Kansas City Housing Corporation says on its website that KEPP funding might be renewed for 2021 depending on the actions of state and federal lawmakers. There are multiple eviction prevention and bill pay…
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