Related Articles
Do Government or Court Debts (Judgements) Go Away
Anyone can "ask for validation" of a contract or judgement. A private contract like one has with a home contractor or any federal agency - that debt will need to be paid. The federal and state governments are considered sovereign and therefore debts ...
Can A Debt Obtained By Fraud Be Discharged
No, fraudulent debts cannot be discharged. The US Supreme Court has held that ยง 523(a)(2)(A) of the Bankruptcy Code precludes a debtor from discharging a debt obtained by fraud, regardless of the debtor's own culpability.
Will Personally Guaranteed Debts Risk My Personal Assets
If a debt is personally guaranteed then the creditor will sue one personally and for personal assets.
What Debts Are Calculated in DTI Ratios
Mortgage payments (Principal, Interest, Taxes and Insurance) are contained in the DTI calculation, but auto insurance and life insurance payments, 401(k) contributions, income tax deductions and college or private school tuition payments are not.
What If One Owes Multiple Debts
If the same debt collector is attempting to collect multiple debts, the debt collector must provide a separate notice for each debt. One must dispute each debt separately, and the collector must provide separate validation information for each one.