Tayne Law Group

Category: debt settlement

  • What is the Statute of Limitations on Debt in New York?

    What is the Statute of Limitations on Debt in New York?

    Getting in over your head with debt can be scary, especially if debt collectors have threatened to sue you. However, you have certain rights and protections as a borrower that are important to know. That includes the statute of limitations on debt, which varies by state. So if you’re a New York resident facing a […]

  • Merchant Cash Advance Pros and Cons

    Merchant Cash Advance Pros and Cons

    Merchant cash advances can provide quick and easy cash for small businesses that have ongoing sales but need cash right now. But like any other financing option for your small business, there are both benefits and drawbacks to using a merchant cash advance (MCA). Understanding merchant cash advance pros and cons can give you the […]

  • What Is a Merchant Cash Advance?

    What Is a Merchant Cash Advance?

    A merchant cash advance is an alternative financing option for small business owners, particularly those that don’t have a good enough credit history or haven’t been in business long enough to qualify for traditional business financing. But while a merchant cash advance can be easy to get, the cost might not be worth it. Here’s […]

  • Debt Relief vs. Bankruptcy: Which One is the Better Option?

    Debt Relief vs. Bankruptcy: Which One is the Better Option?

    If you are struggling to handle your debts, you may have looked into some of your options. In that case, you have probably found two main ways to resolve debts: filing for bankruptcy and pursuing debt relief. You may be wondering which is the right option for you. In that case, keep reading. We’ve taken […]

  • What Percentage Should I Offer to Settle Debt?

    What Percentage Should I Offer to Settle Debt?

    If you’ve considered a debt settlement before, you may be wondering, “What percentage should I offer to settle my debt?” While there is no one-size-fits-all answer to this question, there are a few guidelines that you can follow to help you come up with a number that works for you. In light of that, we […]

  • How to Consolidate Debt with Bad Credit

    How to Consolidate Debt with Bad Credit

    When you have bad credit, it can sometimes feel like your financial options are limited. Fortunately, there are things you can do to take control of your debt and improve your credit score. Below is a guide on how to consolidate debt with bad credit. Read it over to get a sense of the steps […]

  • What is a Settlement Letter for Debt?

    What is a Settlement Letter for Debt?

    If you’ve been struggling with debt for a while, you may have heard about debt settlement. But did you know that the settlement process often starts with writing a letter? In light of that, we’ve created a guide to writing a settlement letter for debt settlement. So, read on to learn what a debt settlement […]

  • Charged-Off as Bad Debt: What Does it Mean?

    Charged-Off as Bad Debt: What Does it Mean?

    Missing a payment won’t impact your credit score, as long as you get caught up within 30 days. After that, though, the delinquency can damage your credit. If you keep ignoring your payments, your credit account could get charged-off as bad debt. At a glance, you might think that having payments charged-off as bad debt […]

  • What’s a Debt Validation Letter? (And Why You Should Get One)

    What’s a Debt Validation Letter? (And Why You Should Get One)

    If a debt collector has contacted you, it’s critical to verify that the debt belongs to you and the information is accurate before you agree to pay or even acknowledge that it’s yours. Collection agencies are required by law to provide a debt validation letter after they first contact you, commonly referred to as proof […]

  • How to Settle Debt: What’s the Best Way?

    How to Settle Debt: What’s the Best Way?

    Getting out of debt can be a daunting task, and that’s true even if you’re not in dire straits financially. If you’re considering debt settlement, though, it may be acutely overwhelming. Understanding how to settle debt for less than what you owe can give you an advantage as you work to get back on your […]