debt collection

Bankruptcy can allow people to wipe their financial slate clean when they are facing mounting bills, overwhelming payments, or steep mortgage installments that can no longer be paid – but it doesn’t always easily provide relief for those with large amounts of student loan debt. There are two major student loans: federal loans that are backed by the federal government, or private loans that are backed by for-profit banks. Private and government-issued or -protected loans have usually been non-dischargeable in bankruptcy proceedings. However, there are options. If student loans are weighing you down, contact the Bridgeport Bankruptcy Law Firm of Mark M. Kratter, LLC to help you figure out the process and begin anew.

Connecticut residents logging into their Facebook accounts may soon find a nasty surprise waiting in their inboxes. Credit card debt agencies and other collectors are already known for harassing debtors at their homes and places of employment. Some are beginning to take it a step further and target people on social networking sites. One woman was subjected to this after she logged into her account and was confronted with a message asking her to call someone about a debt she owed.

Many Connecticut residents may have struggled with credit card debt at one time in their lives. However, it could be important to note that some of those credits charges may have been fraudulent. When a credit card number is stolen, many charges come from sex-related internet sites. Although the credit card company will deny the charges, collection companies may step in and purchase the fraudulent debt for relatively little money in order to attempt to force the consumer to pay off the credit card debt.

It's little surprise that more consumers are beginning to fight against credit card debt. With high incidents of identity theft and erroneous reporting information in Connecticut and around the country, consumers are sometimes left holding the bag. A recent fight over credit card debt has highlighted the practices of debt collection agencies across the nation.