Main Menu
The Dodds Law Firm, PLC
Surprise, Arizona Attorney
contact us today
Local 623-208-6098
Toll Free 877-827-9906

June 2014 Archives

What to do about old debts and how to prevent credit surprises

People in Arizona sometimes find unpaid bills on their credit reports that they didn't realize existed. It is not unheard of for people to have debt of which they'd forgotten or were never aware until after it is turned over to a collection agency. Fortunately, there are things people can do to resolve these issues and possibly prevent future surprises.

Determining the average household credit card debt in America

Arizona residents who are dealing with credit card debt may be interested in statistics about American credit card debt. Determining the exact number poses some problems, however. While many different companies gather data and attempt to determine the average American's credit card debt, the answer is not that simple.

The impact of credit card usage in Arizona

Just like taking a medication, relying on credit cards can result in side effects for their users. One such effect is assuming that a person can live a lifestyle that he or she cannot afford. Once the amount of available credit runs out, the borrower may feel as if he or she is downsizing their lifestyle, which can lead to disappointment.

Debt collectors are increasingly turning to litigation to collect

It appears that more credit lenders are taking debtors to court over unpaid debts. From 2009 to 2012, the four debt-buying companies who make their earnings public almost doubled the amount of debt collected from court cases, according to the Center for Responsible Lending. Often times, debtors in Arizona and elsewhere don't even receive notice that they're being sued.

Chapter 13 bankruptcy more effective against foreclosure

Arizona homeowners and those struggling with mortgage payments might be interested in the power bankruptcy can have in protecting a home from foreclosure. According to a study by the Center for Community Capital at the University of North Carolina, lower-income debtors who filed for bankruptcy following the initiation of a foreclosure action were 70 percent less likely to see their homes sold at foreclosure auction.

Dan R. Dodds Dan R. Dodds

At the Dodds Law Firm, I focus my practice on the needs of individuals who have suffered losses because of abusive, deceptive or unfair conduct by others. I also provide comprehensive counsel in all matters related to Chapter 7 and Chapter 13...Read More

The Dodds Law Firm, PLC | 14239 West Bell Road, Suite 108 | Surprise, AZ 85374 | Toll Free: 877-827-9906 | Phone: 623-208-6098 | Map & Directions