Debt Collection FAQs
Should I Send a Demand Letter Before a Lawsuit?
Send a demand letter before a lawsuit to give the other party a chance to settle; many courts expect this as a good-faith step before filing suit.
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The Solo debt collection blog. Find helpful posts on how to resolve your debt lawsuit here.
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Debt Collection FAQs
What Does a Debt Collector Have to Prove in Court?
In court, a debt collector must prove you owe the specific debt, that they own it, and the exact amount, often via the original contract and chain of title.
Debt Collection FAQs
Is SoloSuit Worth It?
SoloSuit helps you respond to debt lawsuits and settle debts, with attorney review and 50-state filing. Whether it's worth it depends on your case.
Debt Collection FAQs
How Does Finwise Bank Work?
FinWise Bank works with a variety of partner organizations to service loans with exorbitant fees and high interest rates.
Debt Collection FAQs
How Does Payments.tsico Work?
Payments.tsico is a payment portal created and operated by Transworld Systems (TSI) that is supposed to make paying off a debt easier.
Debt Collection FAQs
Is the NTB Credit Card Safe?
The NTB credit card (issued by Credit First) is safe for tire and auto purchases but carries high APR. Pay the balance in full to avoid interest.
Debt Collection FAQs
Is Severance Pay Taxable?
Severance pay is taxable, but you can minimize taxes by saving, contributing to retirement or 529 plans, or spreading out payouts.
Debt Collection FAQs
How Long Does A RentGrow Dispute Take?
A RentGrow dispute can take up to and must be resolved within 30 days. If errors occur, you can dispute them under the FCRA.
Debt Collection FAQs
Debt Collector Licensing Requirements by State
Most US states require debt collectors to be licensed. Exceptions include GA, KS, KY, MI, MO, MT, NH, NY, OH, OK, PA, SD, VT, and VA—though cities may differ.
Debt Collection FAQs
Can I Rent an Apartment if I Have Debt in Collection?
Yes, you can rent an apartment even if you have a debt in collections. However, this can impact your credit, and some apartments check credit for eligibility.
Debt Collection FAQs
How does Navy Credit debt forgiveness work?
Navy Federal Credit Union has many programs in place to help military service members who have fallen behind on their payments.
Debt Collection FAQs
Am I Liable for Parent's Debt if I Have Power of Attorney?
You're not liable for your parents' debt unless you cosigned, share a joint account, manage their estate, mismanaged it, or got assets transferred pre-death.