Monthly Archives: April 2023

If you get too far behind on your bills, you will probably start getting calls, emails, letters, or even texts from your debt collector. But can debt collectors come to your house if you get too far behind on your bills? Federal and state law says yes, debt collectors can legally show up to your house, but they must follow specific rules if they choose to do so. This situation is uncommon, but it does happen.

When your debts are mounting, filing for bankruptcy can provide some relief from creditors. One of the most important protections provided under U.S. bankruptcy law is an automatic stay. While an automatic stay limits what creditors can do, including halting foreclosure and preventing utilities from shutting off services for a time, there are limits to the protections provided by an automatic stay.

You may have heard of statute of limitations in reference to civil lawsuits like personal injury lawsuits. But not many people realize that there is a statute of limitations on debt as well, and it varies depending on the state and the type of debt owed. The statute of limitations on debt is basically a set time period that a debt collector has to pursue debt collection through wage garnishment, garnishment of a bank account, a property levy, or even a lawsuit.

If you’ve ever shopped for a car, a home, or even a new credit card, you may have seen a hard inquiry appear on your credit report. If you have good credit already, this hard inquiry probably won’t bring your credit score down by more than a few points. But if you’ve shopped around for multiple auto loans, mortgage loans, personal loans, or credit cards over the last several months, you may have noticed more than one hard inquiry on your credit record.