The Consumer Federal Protection Bureau (CFPB) is considering changes to debt collection regulation that could have a big impact on consumers. A few of the changes being considered are: a requirement that third-party debt collectors verify a debt is valid before they can collect collectors must disclose any disputes or restrictions when transferring a debt to […]Read More New Regulations for Debt Collectors May be Coming Soon
Are your wages and/or bank accounts being garnished by someone you owe money to? We know how frustrating that can be. If someone has a judgment against you, they can garnish your wages, your bank account or even put a lien on your house. The only way to stop a garnishment, other than paying it […]Read More Recover garnishments by filing bankruptcy!
We’ve posted information before about ruthless scammers who call, mail, or email notices to individuals claiming that they owe back taxes in an attempt to scare them into paying nonexistent debts. These dishonest and aggressive collectors are especially active right now, and we’ve received several reports from clients and local law enforcement agencies recently. As […]Read More Beware IRS and Oregon Dept of Revenue Scams
Due to a recent system update at the Oregon Department of Revenue, several demand letters have incorrectly gone out. If you are unsure whether or not your income taxes owing to the Oregon Department of Revenue were dischargeable in your bankruptcy, please call your attorney. If Armstrong Bankruptcy Law Offices assisted you in filing your […]Read More Have You Received an ODR Notice in Error?
“What’s the difference between a credit report and a credit score?” That’s a very common question we hear from our clients, and it’s easy to see why so many people confuse the two, since sometimes creditors use the terms interchageably. A credit report is a detailed list of your debts and payment histories with individual […]Read More Credit Report vs Credit Score
Credit reports and scores are used for the purpose of advising a lender of the risk factors in lending a person money or advancing credit. It is very important to maintain the accuracy of your credit reports. Most commonly credit reports are incorrect after a bankruptcy filing. Our office recommends that you check your reports […]Read More Credit Reports: Get Them, Monitor Them!
Our office was recently contacted by the United States Trustee advising that there have been many complaints that debtors are receiving calls from prior creditors demanding payment for bills or services listed in their bankruptcy. Most of the callers are refusing to send a bill or statement, and claim that the debt was either not […]Read More Scam Alert: Unethical Debt Collectors Going After Discharged Debts
Many of our clients, both before and after bankruptcy, tell us that they are inundated by “pre-approved” credit card offers by mail. There is a reason why creditors target those with poor credit: they are a higher credit risk, which means they may be willing to accept a much higher interest rate than some consumers, […]Read More Stop Receiving “Pre-Approved” Credit Offers by Mail
http://articles.latimes.com/2014/apr/22/business/la-fi-mo-student-loan-defaults-cosigner-20140422 The federal consumer agency is now warning student loan borrowers to be aware that in the event that their co-signer passes away or files for bankruptcy, the lender can automatically (and without warning) require the borrower to pay the full amount immediately. These private lenders say that this is completely within legal bounds but […]Read More Student Loans: Read the Fine Print on Co-Signers
This is a question we often hear from potential clients who are struggling with debt and aren’t sure whether bankruptcy is right for them. While the bankruptcy code does contain some maximum limits, there is no minimum debt requirement. Whether you have enough debt to consider bankruptcy is a very personal decision, and depends upon a […]Read More How Much Debt Do you Need to Have to File Bankruptcy?