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Do I Have to Pay a “Charged Off” Debt »

Clients often think that when a debt is “charged off” it means that they don’t owe it. This is not true.
When you fall seriously behind on your payments, usually 6 months worth, the creditor will normally charge off the debt. This simply means that the creditor thinks the debt is uncollectable for tax purposes. This [...]

Who Pays Bills When Someone Dies? »

The Internet is a wonderful place. No matter what the topic, there is an article about it that is dead wrong.
Such is the case with a recent story (in the fullest extent of the word) I read, “When Someone Dies, Who Is Responsible for Paying His Debts?” that appeared here. This story is full of [...]