As a retired person, do this. Don't answer your phone unless you recognize the number. Let your voicemail fill up and leave it that way. Don't respond to any mail, texts or email. The debt collectors will stop. As for your credit, if you are old, you don't need good credit.
I think what’s meant is that we shouldn’t be creating debt again that we can’t pay so good credit score wouldn’t be needed. The only thing I would be concerned about is trying to rent an apartment or house with bad credit.
My call screen app automatically sends calls to voicemail without even ringing. When I check my voicemails later on I delete the ones from collectors. You don't have to take anything seriously until you receive a summons. Talking to them is a complete waste of time, since they will not listen to you, and you want to limit the amount of information they have on you anyway. After all, you may have died.
This is covered under state law. Normally a judgment can become a lien on real property in the county where the judgment is filed. However, there are many exceptions and often means to remove the lien. Eric HELPS
I have collected on me from a medical bill that received funds from Medicare. It is on my credit report . There are three years left on my credit report. How can I get it taken off my credit report.
if they "charge off" the debt, how can it then be sold and us still owe the same amount? Doesn't the original creditor get a tax break for the "charge off"? how is it legal we still owe the whole amount if they are getting a tax break from it and they sell it, so then they make some more money off the "debt"... seems so scammy.
One more thing. Debt collectors buy debt for pennies on the dollar. Don't pay full price. They'll take almost anything. Just remember, as soon as you make one payment, the statute of limitations in your state starts all over again.
I love your videos. But I can't find anywhere in any videos where you say what a senior is. I'm only 62 1/2 and i can't work and will only have Social Security to live on and only $800 because taking it early. Am I a Senior?
Question, I applied for rental assistance twice, the first time my landlord took 2,000 dollars of it he said for his paperwork he had to do for me to get it. The second time I applied they gave me 7,105 dollars, which he took 3,105 for the same reason. When it was time to pay rent again he went up on his rent so I can't afford to pay it. Now I have to try to fine other housing and can't afford it. Was he legal in doing that. Need to know. Thank You.
Can creditors take your alimony? I get a very small alimony ($1125.00), in 2 separate, direct monthly deposits. Most of that goes to my monthly mortgage and HOA
@@cw6136 I'm 68, with several health issues. I was married for 31 years, when my ex took off with a younger broad. I was left with the mortgage, and most debts. Woman he married had her own generous income. One alimony check and half my small social security goes to the mortgage. So, it IS a small alimony check, and ex's DO get nailed by judges when they see a senior citizen screwed by a adulterous spouse, after 31 years of marraige
Excellent . Thanks for sharing
As a retired person, do this. Don't answer your phone unless you recognize the number. Let your voicemail fill up and leave it that way. Don't respond to any mail, texts or email. The debt collectors will stop. As for your credit, if you are old, you don't need good credit.
Why don't you need good credit?
I think what’s meant is that we shouldn’t be creating debt again that we can’t pay so good credit score wouldn’t be needed. The only thing I would be concerned about is trying to rent an apartment or house with bad credit.
Does a senior have to pay taxes after non payments to the creditors?
My call screen app automatically sends calls to voicemail without even ringing. When I check my voicemails later on I delete the ones from collectors. You don't have to take anything seriously until you receive a summons. Talking to them is a complete waste of time, since they will not listen to you, and you want to limit the amount of information they have on you anyway. After all, you may have died.
Thank You Jeff and Eric very enlighting
You both are a godsend!
If there is a judgement can they do entry by default
Thank you for the great video and the knowledge in it. And the time you spent preparing it.
It is a yrue service to us seniors.
You are very welcome!
Thank you for sharing your experience in such important and excruciating matters .
You're very welcome.
Wow thank you for this video
Is my social security protected still?
Can they put a lien on your home with a judgement?
This is covered under state law. Normally a judgment can become a lien on real property in the county where the judgment is filed. However, there are many exceptions and often means to remove the lien. Eric HELPS
I have collected on me from a medical bill that received funds from Medicare. It is on my credit report . There are three years left on my credit report. How can I get it taken off my credit report.
if they "charge off" the debt, how can it then be sold and us still owe the same amount? Doesn't the original creditor get a tax break for the "charge off"? how is it legal we still owe the whole amount if they are getting a tax break from it and they sell it, so then they make some more money off the "debt"... seems so scammy.
One more thing. Debt collectors buy debt for pennies on the dollar. Don't pay full price. They'll take almost anything. Just remember, as soon as you make one payment, the statute of limitations in your state starts all over again.
im 58 living on ssi and need hep to file bankruptsy im in indiana and my home is valued at $14000
"There is no shame in poverty." That's especially true when usury has been practiced against you using psychology based advertising.
Great non profit! Thank you for all this good information!
I love your videos. But I can't find anywhere in any videos where you say what a senior is. I'm only 62 1/2 and i can't work and will only have Social Security to live on and only $800 because taking it early. Am I a Senior?
The laws we talk about are based on income SS, pensions, disability, VA etc not on age Eric HELPS
Question, I applied for rental assistance twice, the first time my landlord took 2,000 dollars of it he said for his paperwork he had to do for me to get it. The second time I applied they gave me 7,105 dollars, which he took 3,105 for the same reason. When it was time to pay rent again he went up on his rent so I can't afford to pay it. Now I have to try to fine other housing and can't afford it. Was he legal in doing that. Need to know. Thank You.
Sounds like you have been victimized. Consider contacting Legal Aid where you live. I am so sorry. Eric HELPS
If someone has their ss direct deposited into their bank can debt collectors take that money from your bank account?
If the balance is less than twice their monthly benefit, then no. If more, it could still be protected.
Can creditors take your alimony? I get a very small alimony ($1125.00), in 2 separate, direct monthly deposits. Most of that goes to my monthly mortgage and HOA
Did you purchase a home with an HOA? And it's costing you almost $2250 a month (mortgage + HOA)? No wonder you're in debt.
That's not a very small alimony payment either. That's more than most people pay for child support. On two kids... You're getting "adult support"😂
@@cw6136 I'm 68, with several health issues. I was married for 31 years, when my ex took off with a younger broad. I was left with the mortgage, and most debts. Woman he married had her own generous income. One alimony check and half my small social security goes to the mortgage. So, it IS a small alimony check, and ex's DO get nailed by judges when they see a senior citizen screwed by a adulterous spouse, after 31 years of marraige
Will
its all credit card debt and i own my home
Thanks for the information.
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