Category Archives: Debt Buyers

The Taxman Cometh, Even in Debt Resolution

      The old adage about the certainty of taxation is also true in debt relief. When a creditor cancels a debt, the Internal Revenue Service considers that to be taxable income. It’s also called “debt forgiveness income.” As discussed in a previous post on Debt Settlement, if you agree to settle a debt…

Yes, It IS Possible to Undo a Default Judgment!

The caller on the other end of the line had a question: “Can you do anything about a default judgment?” “Of course you can,” I responded. “It’s called a motion to vacate or set aside a default judgment, and I file them all the time.” The caller explained that he had just spoken to two…

Should You Settle with a Debt Buyer?

Let’s say you’ve just been served with a debt collection lawsuit. The company suing you is a debt buyer, a company who claims it purchased the right to enforce a debt you ran up on a credit card or other credit account. You’re being sued for about $7500. But you’ve read on the Internet or…

Collection Defense in the San Francisco Bay Area

You may be one of the people finding out that a debt collection lawsuit has been filed against you in California Superior Court. This may be an old debt, lately purchased from the original creditor, and the debt buyer may think there is a chance to collect against you. Do not ignore lawsuits! Plaintiffs can…

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