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Bankruptcy is a great option for those with excessive debts that they cannot pay off. However, bankruptcy is also widely misunderstood. Many think that when you declare bankruptcy, you simply no longer have to pay off your debts. Others believe the only consequences that come from going bankrupt is the…

There are many reasons Florida has one of the highest foreclosure rates in the country. One of them is that many homeowners think that when a lender forecloses, they have no option but to simply start packing their bags. This is untrue, and just one of the most common misconceptions…

The Federal Trade Commission (FTC) has recently released its annual report about debt collection complaints made by consumers. The number of complaints in 2018 was down to 84,500 from the 88,000 the agency fielded in 2017. The report states that it collected $58.9 million in judgments for consumers last year…

The Fair Debt Collection Practices Act (FDCPA) may get a slight tweaking if a new law comes in that would allow creditors and debt collectors to text and email customers about their debt. The proposed change has consumer advocacy groups worried that it will limit the protections consumers have right…

It was in mid-May when the media picked up a story about a man who faced foreclosure from the city on his home due to unpaid fines. The fines went back to 2018 when he was away from his home for several months settling his mother’s estate. The grass on…

Loan Lawyers, LLC is licensed to practice law in the state of Florida. If you have a legal matter that you would like to discuss and you are NOT located in Florida, please contact your state’s Bar Association to get the information of a lawyer that can assist you in…

Since the housing crisis hit in 2007, there has been no state more seriously impacted than Florida. The Sunshine State emerged as the leader of the pack in foreclosures immediately following the Great Recession. Over time, Florida foreclosures dropped and people began once again buying homes and keeping them, with…

Filing for bankruptcy is a great option for those who have a crushing amount of debt and don’t see a way out. However, because bankruptcy discharges debt, or allows for a longer period for you to repay your creditors, not everyone can successfully file for bankruptcy. Regardless of the type…

A person’s financial situation rests largely on their credit score, which is based on their credit report. Having too low of a score can prevent people from applying for much-needed loans, credit cards, and can even prevent them from certain job and housing opportunities. There are a number of reasons…