Company consolidating debt non profit


25-Sep-2015 19:30

Bankruptcy information stays on a credit report for 10 years and can make it difficult to get credit, buy a home, get life insurance, or sometimes get a job.As federal courts have exclusive jurisdiction over bankruptcy laws, cases must be filed in federal bankruptcy court.There are two main types of personal bankruptcy: A debt collector generally is a person or company that regularly collects debts owed to others, usually when those debts are past-due.This includes collection agencies, lawyers who collect debts as part of their business, and companies that buy delinquent debts and then try to collect them.This includes money owed on personal credit card accounts, auto loans, medical bills, and mortgages.

To find out if you qualify, contact your local Armed Forces Legal Assistance office.

Credit counseling services provide various resources to help solve your money problems.

From starting a budget to educational programs on money management, counselors discuss your entire financial situation and help you develop a personalized plan.

The Fair Debt Collection Practices Act (FDCPA) prohibits debt collectors from using abusive, unfair, or deceptive practices to collect from you.

The Act covers personal, family, and household debts.Within five days after a debt collector first contacts you, the collector must send you a written notice that tells you the name of the creditor, how much you owe, and what action to take if you believe you do not owe the money.