Creditors and debt collection agencies file thousands of debt lawsuits against consumers in Texas each year. If you were served a Summons and Complaint in Texas for a debt lawsuit, it may have come with an affidavit of debt, or the court paper might say it’s on a sworn account. A sworn account is not [...]
In the United States, student loan debt for all borrowers totals close to $1.75 trillion in federal and private loans according to Forbes. For many, student loans are the only way to obtain the college education necessary for your chosen career path. Unfortunately, this can lead to high monthly student loan payments you may not [...]
Are you one of the millions of students who owe thousands of dollars in student loan debt? If so, you may be looking to refinance your loan, or multiple loans in some cases. Over 40 million people throughout the U.S. owe an average of $36,510 on their federal student loans, so it comes as no [...]
Even in a community property state such as Texas, it is incredibly rare for children or parents of a deceased person to inherit medical debts. However, the law is less clear when it comes to the spouse of a deceased individual who passes away with medical debt. Here’s a look at what happens to medical [...]
If you’ve been served with a notice that you are being sued for debt in Texas, you should not panic. You are likely one of the thousands of Texans who are notified of a pending debt lawsuit each month. However, you do need to respond to the debt claim in a timely fashion, to ensure [...]
Medical bills are the leading cause of bankruptcy in the U.S. In fact, according to the Consumer Financial Protection Bureau, Americans are battling approximately $88 billion in medical debt. So, if you’re struggling with medical debts, you’re not alone and there is help available. From laws that are designed to protect you, to organizations that [...]
Falling behind on debt payments can be a horrible feeling. It can feel like you’ll never get out of the hole. Worse yet, there is often shame associated with debt, so it’s hard to talk about. Then, just when you think you’re at your lowest point financially, someone hands you a stack of papers filled [...]
If you are one of the 43 million current or former borrowers with outstanding federal student loan debt, you may be thinking of consolidating your federal student loans. Maybe you are hoping that a single payment each month will relieve some of the burdens of meeting your obligations and even lower your overall student [...]
About 45 million people in the United States have student loan debt, and 95 percent of these borrowers have federal loans. On average, those borrowers owe $36,510 to the federal government. With these staggering statistics, perhaps it’s no surprise that most people with federal student debt have more than one loan. The number of loans [...]
Being served with notice that you’re being sued by a creditor can feel overwhelming. But it is not cause for panic. Thousands of debt collection lawsuits are filed each month in Texas. You’re not alone, and you’re not in serious trouble. But you do need to answer the debt collection lawsuit within [...]
