When people fall behind on payments to creditors, creditors will take action. Depending on the situation, this action can look different. In some cases, creditors might engage in harassing phone calls to debtors. In other cases, creditors might work to repossess or foreclose on property. Or, creditors might take a person to court to collect […]
Tennessee Residents Get Checks After Foreclosure Settlement
In difficult economic times, people hope that they can meet all their financial obligations. However, there are times when that just isn’t possible. While there are some safety nets that can provide debt relief, there are times when people face losing their possessions. In particular, people’s homes can often be at risk if they cannot […]
What Are Secured Transactions?
When people purchase property they may think that they own the property outright. In many cases, that is true — especially with consumer goods. However, in certain cases, the person or entity selling retains some interest in the property. This interest — called a security interest — often gives the creditor some rights when it […]
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