The Fair and Accurate Credit Transactions Act (FACT Act) of 2003 allows everyone to receive one free credit report from each of the three main credit-reporting agencies once a year. How to Get Your Report Equifax, Experian and TransUnion, the three main credit-reporting agencies, created a central source, AnnualCreditReport.com, where consumers can go to request […]
How can my creditor collect from me? A creditor with a judgment can collect using any legal means, including: Liens: A judgment acts as a lien against your real estate, including any deed on which your name appears. Garnishments: Judgment creditors and seize 10%-25% of your wages.
You may think you need to keep a major credit card for emergencies, or you want to pay an unsecured debt because you feel an obligation to a “friendly” lender. The point of bankruptcy is to get you out of the debt and give you a fresh start, free of the credit trap. If you […]