Debt Collection, Garnishment, and Reposession
This section provides good guides and publications on the following subjects:
Debt Collection: The process that creditors use to try and get funds they feel is owed to them by debtors.
Garnishment: When a creditor gets a court order to take funds directly from income (ex: work paycheck) to get back funds owed to them by a debtor.
Repossession: The act of taking back a piece of property that was used as collateral by a debtor to borrow funds from a creditor.
An anti-garnishment letter tells your bank that creditors should not take money out of your account without your permission. It is used when you have unpaid debts, and creditors are threatening to sue you. Click the link below for information on what to do in this situation and a form letter you can use to respond. Content Detail
- Legal Hotline for Texans
The Federal Trade Commission (FTC), the nation's consumer protection agency, enforces the Fair Debt Collection Practices Act (FDCPA), which prohibits debt collectors from using abusive, unfair, or deceptive practices to collect from you. Click this link for the ENTIRE text of the act! Read More
- The Federal Trade Commission
A deferment is a way to postpone paying back your student loans for a certain period of time. This packet contains information about the federal student loan unemployment deferment. Click this link for more information and a self packet to help you, now! Read More
- Student Loan Borrower Assistance
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- Spanish / Español