Category:
Credit Cards
The “Statute of Limitations” for credit card debt is a law limiting the amount of time lenders and collection agencies have to sue consumers for nonpayment. That time frame is set by…
If you’re contemplating a divorce, you may be wondering: how will credit card debt be divided? There are several factors that can influence who pays. Whose name is it in?…
With the rise of online shopping, there is no doubt that Americans are using credit cards more than ever. There’s also no doubt that a lot of them are wasting…
What Is Considered Bad Credit? Different lenders have different standards for what bad credit is, and the number is more important than the label that goes with it. The numbers…
Everyone knows the pitch. You’ve spent half an hour trying on clothes off the rack at a shopping mall department store, found three shirts that look perfect and take the…
How do you turn $20,000 into more than $42,000? If you’re talking about credit card debt, all you need to do is make minimum monthly payments. At a minimum payment…
More than one-third of college students say managing a bank account is a major cause of stress. Also, 12% say they never check their bank account balance because it makes…
The soaring popularity of prepaid cards will be put to the test over the next year as providers adjust to new regulations handed down by the Consumer Financial Protection Bureau…
Ric Edelman, a financial adviser who is a best-selling author and syndicated radio show host, remembers the days when everyone rushed to the bank on a Friday afternoon to cash…
If you want to break up the loud party that your neighbor’s millennial kid is throwing in his basement bedroom, don’t call the cops. Just barge over and pass out…
Sources:
- Heath, R. (2019, December 11) What is the statue of limitations on debt in each state? Retrieved from https://www.bankrate.com/finance/credit-cards/state-statutes-of-limitations-for-old-debts/
- Williams, F. (2017, November 13) State statutes of limitation for credit card debt. Retrieved from https://www.creditcards.com/credit-card-news/credit-card-state-statute-limitations-1282.php
- Welsh, K. (2017, April 4) State by State List of Statute of Limitations for Judgments. Retrieved from https://www.creditinfocenter.com/rebuild/statutelimitationsjudgments.shtml
- (2018, March). Debt Collection FAQs. Retrieved from https://www.consumer.ftc.gov/articles/debt-collection-faqs
- (2018, June 15) Judgments No Longer Included on a Credit Report. Retrieved from https://www.experian.com/blogs/ask-experian/judgments-no-longer-included-on-credit-report/
- (2017, August 14) How can I verify whether or not a debt collector is legitimate? Retrieved from https://www.consumerfinance.gov/ask-cfpb/how-can-i-verify-whether-or-not-a-debt-collector-is-legitimate-en-1699/
- Detweiler, G. (2015, April 20) 7 Things You Need to Know About the Statutes of Limitation for Debt. Retrieved from https://finance.yahoo.com/news/7-things-know-statutes-limitation-090002068.html