Debt-Ans.Com

There is a great deal of confusion when it comes to credit card debt and collections, including that debt has a statute of limitations.

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Credit Card Solicitations Are on the Rise and Card Companies Are Making the Offers More Attractive. Morgan Drexen Financial Experts Ask Consumers to Beware. America’s Legal System is Reducing Debt with the Assistance of the Complex Workflow Automation of Morgan Drexen (PRWeb January 31, 2011) Read the full story at http://www.prweb.com/releases/2011/1/prweb8098257.htm

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If you are using credit cards to make ends meet, switching to a new card could save you interest. Here are some of the best on the market.

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Student loan interest paid by parents: While mortgage or student loan interest can normally only be deducted by those who own the debt, a child who is not claimed as a dependent may be able to deduct interest on a student loan of up to $2,500 even if parents are repaying the loan.

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Dear Debt Adviser, My problem concerns retailers’ credit cards . If I owe money on a store credit card and the store transfers the debt to a collection agency, can the collection agency pursue collection by filing suit? Or is the original credit grantor the only party that can file suit?

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