Personal Finance
What Is a Debt-to-Sales Ratio?
Debt-to-sales ratio is your business’s total annual amount of debt divided by total annual sales. It represents your company’s ability to earn and pay off debt.
Debt collection blog
The Solo debt collection blog. Find helpful posts on how to resolve your debt lawsuit here.
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Personal Finance
Priority Plus Financial Reviews
Priority Plus Financial offers consumer loans for high-rate financing; reviews are mixed, with complaints about aggressive collection practices.
Wage Garnishment
Stop Wage Garnishment in Ohio
Stop wage garnishment in Ohio by responding to the demand letter, claiming exemptions, settling the debt, or filing bankruptcy. Garnishment is capped at 25%.
Wage Garnishment
Stop Wage Garnishment in Wisconsin
To stop wage garnishment in Wisconsin, you can object to the order, claim exemptions, negotiate a repayment plan, or file for bankruptcy.
Wage Garnishment
Stop Wage Garnishment in Connecticut
To stop wage garnishment in Connecticut, respond to the lawsuit, follow court payment orders, claim exemptions, or settle the debt before judgment.
Medical Debt
How Much Do Collection Agencies Pay for Medical Debt?
Collection agencies buy medical debt for pennies on the dollar, often between 1% and 10% of the original balance. For old debt, they might pay less than 1%.
Debt Collection FAQs
What's the Smallest Debt a Collector Will Sue Over?
Most debt collectors won't sue over debts under $500–$1K. Each agency sets its own minimum, so smaller debts carry less lawsuit risk.
Credit
How I Won My Credit Card Debt Lawsuit (Interview)
Sued by Discover (via Zwicker & Associates) for time-barred debt, Mason used SoloSuit to file an Answer and Motion to Compel Arbitration—and won his case.
Wage Garnishment
Stop Wage Garnishment in Wyoming
Wyoming wage garnishment laws mostly favor consumers. Creditors have to go the extra mile to collect through garnishment.
Other Debt Resources
American Express is Suing Me — How I Won
A Solo user was sued by American Express over $35K in fraud charges, filed an Answer with SoloSuit, proved identity theft, and won her case. Read her story.
Debt Collection FAQs
How Much Do Collection Agencies Pay for Debt?
Debt collection agencies pay 4% of the original debt value on average. This means debt buyers can make a huge profit if you pay them the debt in full.
Credit
What is CreditFresh?
CreditFresh is an online line-of-credit lender offering small loans with high APRs (around 30-90%); it's regulated as a state-licensed lender.