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 […]
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 […]
Collections Firm Sued For Questionable Practices
Collection agencies often have large amounts of resources available to them to collect a person’s debt. They can obtain wage garnishments, they can repossess property and foreclose on liens. This can be very intimidating to debtors in Tennessee and other parts of the country. However, this power has a limit and when creditors cross the […]