Hey. I am learning about discharging debt. I have multiple private loans
Can I really just write a letter stating that "this is my final payment?" Do I need to get this notarized? I'm a little confused, as I have read a great deal on this subject, but would like a professional opinion before I attempt to get rid of my debt, so they don't take my parents' house. Any help would be great- places to research, etc. Thanks so much for your time!
hmm... are you filing bankruptcy I take it?
Through filing Chapter 7 Bankruptcy, you will be able to create a list of creditors and claim specific debts as "unsecured" (meaning that they are not tied to anything) and challenge the validity of the creditor in holding them, making them PROVE that they actually have physical evidence of your debt and what it secures.
I'm not sure about the whole notarized statement... I think if you're trying to challenge something you need to send a "Debt Validation Letter" letting a creditor know that they need to prove to you that they actually hold your debt and that you owe them, otherwise you do not have to pay them. THAT letter should be notarized once you complete it and before you send a copy to them.
If you are in bankruptcy right now or considering it, I highly suggest speaking with a bankruptcy attorney who will know more of the specifics.
Hope that helps!
by Rhonda D Johnson 5 months ago
What did the US use for collateral when we borrowed money from other countries?We know that the US government has borrowed billions of dollars from China, Japan and other countries. But what did we use for collateral? I've been told that the United States is actually a...
by Karina S. 7 years ago
Debt consolidadation- is do it yourself -good idea?
by Crystal Marie Antoinette 6 years ago
Should private student loans be dischargable by bankruptcy why or why not?since 2005 bush changed the law to prohibit this. do you think this law will ever be reversed? why or why not?
by writesketchbead 6 years ago
What are some ways to pay off debt when you are barely making the essentials?Scenerio:Your income has dropped $325 a week largely due to medical reasons. You are not in a healthy postion to increase work hours. Medical bills are mounting. You have cut out doctors visits. Credit cards have been in...
by Carolyn Dahl 15 months ago
How do you deal with debt?There is so much advice out there on how to get out of debt or deal with debt, are there any strategies that you have tried in your own life? Have they been successful?
by Journey2244 8 years ago
I think the wealth should be shared by the Rich. Let's put an end to hunger in our own country.
Copyright © 2019 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|