Debt Collection FAQs
How Long Does a Judgment Stay on Your Credit Report?
A judgment stays on your credit report for at least seven years. Some bad debts, such as tax liens and bankruptcy, go up to 10 years.
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Debt Collection FAQs
What Happens When You Get Served Papers for Debt?
When you get served papers for debt, the clock starts ticking. You must respond before the deadline or risk a default judgment and potential wage garnishment.
Debt Collection FAQs
How Long is a Judgment Good For in California?
In California, a judgment can last 10 years, and creditors can renew past this period. Use Solo to avoid or resolve a judgment debt.
Debt Collection FAQs
How Long Does a Judgment Last in Florida?
Current Florida law stipulates that a judgment can last up to 20 years, though creditors can seek renewals so that judgments can remain in effect indefinitely.
Debt Collection FAQs
How Long Does a Judgment Last in NY?
In New York, a judgment remains enforceable for 20 years, though creditors can take additional steps to extend this period if the debt remains unpaid.
Debt Collection FAQs
How Long Does a Judgment Stay Last in Texas?
A judgment stay under Texas law gives you three months to take action and prevent the creditor from executing the judgment.
Debt Collection FAQs
What Is Debt Protection?
Debt protection is a financial service that covers or cancels your loan payments under specific circumstances, such as unemployment or illness.
Debt Collection FAQs
Can Debt Collectors Lie to You?
Debt collectors cannot lie to you. In fact, it is against the law for debt collectors to lie about who they, how much you owe, and more.
Debt Collection FAQs
How Do You Demonstrate Financial Hardship?
When you write a hardship letter, demonstrate that you’re experiencing genuine financial hardship. Describe your situation and provide supporting documentation.
Debt Collection FAQs
What Happens After I File an Answer to My Debt Lawsuit?
Once you file an Answer to a debt lawsuit, you'll have leverage to settle the debt and avoid court, or you may have to appear before a judge.
Debt Collection FAQs
How Should You Respond to the Theft of Your Identity?
If your identity has been stolen, you should file a police report, freeze your credit, and file an identity theft report with the FTC, among other things.
Debt Collection FAQs
How Does a Flex Loan Work?
A flex loan is a line of credit that allows borrowers to draw funds up to a set limit. It's an open-ended loan, so you can withdraw, repay, and redraw again.