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Debt Assignment: How They Work, Considerations and Benefits

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle.

assignment of debt document

Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, and has a degree in accounting and finance from DePaul University.

assignment of debt document

Katrina Ávila Munichiello is an experienced editor, writer, fact-checker, and proofreader with more than fourteen years of experience working with print and online publications.

assignment of debt document

Investopedia / Ryan Oakley

What Is Debt Assignment?

The term debt assignment refers to a transfer of debt , and all the associated rights and obligations, from a creditor to a third party. The assignment is a legal transfer to the other party, who then becomes the owner of the debt. In most cases, a debt assignment is issued to a debt collector who then assumes responsibility to collect the debt.

Key Takeaways

  • Debt assignment is a transfer of debt, and all the associated rights and obligations, from a creditor to a third party (often a debt collector).
  • The company assigning the debt may do so to improve its liquidity and/or to reduce its risk exposure.
  • The debtor must be notified when a debt is assigned so they know who to make payments to and where to send them.
  • Third-party debt collectors are subject to the Fair Debt Collection Practices Act (FDCPA), a federal law overseen by the Federal Trade Commission (FTC).

How Debt Assignments Work

When a creditor lends an individual or business money, it does so with the confidence that the capital it lends out—as well as the interest payments charged for the privilege—is repaid in a timely fashion. The lender , or the extender of credit , will wait to recoup all the money owed according to the conditions and timeframe laid out in the contract.

In certain circumstances, the lender may decide it no longer wants to be responsible for servicing the loan and opt to sell the debt to a third party instead. Should that happen, a Notice of Assignment (NOA) is sent out to the debtor , the recipient of the loan, informing them that somebody else is now responsible for collecting any outstanding amount. This is referred to as a debt assignment.

The debtor must be notified when a debt is assigned to a third party so that they know who to make payments to and where to send them. If the debtor sends payments to the old creditor after the debt has been assigned, it is likely that the payments will not be accepted. This could cause the debtor to unintentionally default.

When a debtor receives such a notice, it's also generally a good idea for them to verify that the new creditor has recorded the correct total balance and monthly payment for the debt owed. In some cases, the new owner of the debt might even want to propose changes to the original terms of the loan. Should this path be pursued, the creditor is obligated to immediately notify the debtor and give them adequate time to respond.

The debtor still maintains the same legal rights and protections held with the original creditor after a debt assignment.

Special Considerations

Third-party debt collectors are subject to the Fair Debt Collection Practices Act (FDCPA). The FDCPA, a federal law overseen by the Federal Trade Commission (FTC), restricts the means and methods by which third-party debt collectors can contact debtors, the time of day they can make contact, and the number of times they are allowed to call debtors.

If the FDCPA is violated, a debtor may be able to file suit against the debt collection company and the individual debt collector for damages and attorney fees within one year. The terms of the FDCPA are available for review on the FTC's website .

Benefits of Debt Assignment

There are several reasons why a creditor may decide to assign its debt to someone else. This option is often exercised to improve liquidity  and/or to reduce risk exposure. A lender may be urgently in need of a quick injection of capital. Alternatively, it might have accumulated lots of high-risk loans and be wary that many of them could default . In cases like these, creditors may be willing to get rid of them swiftly for pennies on the dollar if it means improving their financial outlook and appeasing worried investors. At other times, the creditor may decide the debt is too old to waste its resources on collections, or selling or assigning it to a third party to pick up the collection activity. In these instances, a company would not assign their debt to a third party.

Criticism of Debt Assignment

The process of assigning debt has drawn a fair bit of criticism, especially over the past few decades. Debt buyers have been accused of engaging in all kinds of unethical practices to get paid, including issuing threats and regularly harassing debtors. In some cases, they have also been charged with chasing up debts that have already been settled.

Federal Trade Commission. " Fair Debt Collection Practices Act ." Accessed June 29, 2021.

Federal Trade Commission. " Debt Collection FAQs ." Accessed June 29, 2021.

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Assignment Of Debt

Jump to section, what is an assignment of debt.

Assignment of debt is an agreement that transfer debt, rights, and obligations from a creditor to a third party. Assignment of debt agreements are commonly found when a creditor issues past due debt to a debt collection agency. The original lender will be relieved of all obligations and the agency will become the new owner of the debt. Debt assignment allows creditors to improve liquidity by reducing their financial risk. If a creditor has taken on a large amount of unsecured debt, an assignment of debt agreement is a quick way to transfer some of the unsecured loans to another party.

Common Sections in Assignments Of Debt

Below is a list of common sections included in Assignments Of Debt. These sections are linked to the below sample agreement for you to explore.

Assignment Of Debt Sample

Reference : Security Exchange Commission - Edgar Database, EX-10 19 ex107.htm ASSIGNMENT OF DEBT AND SECURITY , Viewed October 25, 2021, View Source on SEC .

Who Helps With Assignments Of Debt?

Lawyers with backgrounds working on assignments of debt work with clients to help. Do you need help with an assignment of debt?

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Joshua is an experienced attorney with deep expertise in finance, corporate, and business law. He offers practical legal solutions and personal service. As Managing Partner of Soloway Group PC, he advises startups, growing companies and investment funds on key issues, from formation to fundraising, stock issuances, trademarks and general business. He started out structuring funds and transactions at PwC before launching his own firm in 2009. He has been a partner in several New York law firms and has founded several companies including a banking firm, a real estate business, and a Cleantech company. Joshua has also served as Chief Legal Officer and Chief Strategy Officer of several companies in the tech, real estate, consulting, and sustainability industries. Prior to law school he was an early employee at a SoftBank-backed startup until it’s acquisition. Over the years, Joshua has helped many clients to launch, finance and grow successfully.

Sarah F. on ContractsCounsel

Sarah brings together her accounting and legal background to help solve client problems. Sarah couples her broad, general commercial legal background with our client’s international and business problems to arrive at elegant solutions that work for their business.

Sarina G. on ContractsCounsel

Hi, I'm Sarina. Thank you for taking the time to read my bio! In 2019, I graduated summa cum laude from Capital University Law School. While in law school, I was a staff member and editor on the Capital University Law Review. I was also involved in the Volunteer Income Tax Assistance Program and Operation Legal Help Ohio, a program which provides legal assistance to veterans. One of the highlights of my law school experience was my externship with Judge Jeffrey Sutton in the United States Court of Appeals for the Sixth Circuit. After law school and passing the Ohio bar exam, I worked for two years as an associate at an AmLaw 100 law firm, where my practice focused on corporate, healthcare, and regulatory law. I then took an in-house position at one of the largest insurance brokerage firms in the USA, where I oversaw corporate governance, mergers and acquisitions, contracts negotiations, intellectual property, and other general corporate matters. Specifically, I am proficient in business law, navigating due diligence during acquisitions, contract drafting and review, and providing effective advice in the nuanced field of regulatory law. I prioritize responsiveness and thoroughness. Please do not hesitate to reach out to me with any questions!

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I’m an Attorney working out of Marion, Ohio. Born and raised in Toledo, Ohio. I completed undergrad at the University of Toledo. I completed law school at Barry University in Orlando, Florida.

Rachel B. on ContractsCounsel

I am a new attorney who is licensed to practice in Connecticut and Massachusetts. I am waiting for bar admission to North Carolina. I have over 20 year of experience working in both the public and private sectors. I am a fierce advocate for my clients and am committed to delivering solutions for clients with excellence.

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James H. on ContractsCounsel

Attorney James is an experienced Attorney, Federal Law & Tax Specialist, Corporate Counsel, Tax Lawyer and Mediator. Experienced in Contract Drafting, Corporate Formation, Corporate Governance, Federal Administrative Law, Regulatory Compliance, Tax Settlement, Tax Planning, Merger/Acquisition, Business Law, Collection, Insurance Claims, Employment Law, Immigration, Non-Profit Governance Licensed Corporate Counsel in State of Delaware Supreme Court Bar #900646 Attorney: US District Court of the District of Columbia, Washington DC Federal Bar #DE0003 US Bankruptcy Court of The District of Columbia, Washington DC Federal Bar #DE0003 Tax Advisor: IRS Registered Tax lawyer/PTIN, PTIN (over 10 years experience) US Federal Agencies, Boards and Commissions, Federal Administrative Law and Regulatory Compliance Business law services: Administrative Law, Business Law, Collections, Bankruptcy, Corporate, Employment, Regulatory Compliance, Corporate Counsel, Immigration

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Understanding an assignment and assumption agreement

Need to assign your rights and duties under a contract? Learn more about the basics of an assignment and assumption agreement.

Find more Legal Forms and Templates

assignment of debt document

by   Belle Wong, J.D.

Belle Wong, is a freelance writer specializing in small business, personal finance, banking, and tech/SAAS. She ...

Read more...

Updated on: January 22, 2024 · 3min read

The assignment and assumption agreement

The basics of assignment and assumption, filling in the assignment and assumption agreement.

While every business should try its best to meet its contractual obligations, changes in circumstance can happen that could necessitate transferring your rights and duties under a contract to another party who would be better able to meet those obligations.

Person presenting documents to another person who is signing them

If you find yourself in such a situation, and your contract provides for the possibility of assignment, an assignment and assumption agreement can be a good option for preserving your relationship with the party you initially contracted with, while at the same time enabling you to pass on your contractual rights and duties to a third party.

An assignment and assumption agreement is used after a contract is signed, in order to transfer one of the contracting party's rights and obligations to a third party who was not originally a party to the contract. The party making the assignment is called the assignor, while the third party accepting the assignment is known as the assignee.

In order for an assignment and assumption agreement to be valid, the following criteria need to be met:

  • The initial contract must provide for the possibility of assignment by one of the initial contracting parties.
  • The assignor must agree to assign their rights and duties under the contract to the assignee.
  • The assignee must agree to accept, or "assume," those contractual rights and duties.
  • The other party to the initial contract must consent to the transfer of rights and obligations to the assignee.

A standard assignment and assumption contract is often a good starting point if you need to enter into an assignment and assumption agreement. However, for more complex situations, such as an assignment and amendment agreement in which several of the initial contract terms will be modified, or where only some, but not all, rights and duties will be assigned, it's a good idea to retain the services of an attorney who can help you draft an agreement that will meet all your needs.

When you're ready to enter into an assignment and assumption agreement, it's a good idea to have a firm grasp of the basics of assignment:

  • First, carefully read and understand the assignment and assumption provision in the initial contract. Contracts vary widely in their language on this topic, and each contract will have specific criteria that must be met in order for a valid assignment of rights to take place.
  • All parties to the agreement should carefully review the document to make sure they each know what they're agreeing to, and to help ensure that all important terms and conditions have been addressed in the agreement.
  • Until the agreement is signed by all the parties involved, the assignor will still be obligated for all responsibilities stated in the initial contract. If you are the assignor, you need to ensure that you continue with business as usual until the assignment and assumption agreement has been properly executed.

Unless you're dealing with a complex assignment situation, working with a template often is a good way to begin drafting an assignment and assumption agreement that will meet your needs. Generally speaking, your agreement should include the following information:

  • Identification of the existing agreement, including details such as the date it was signed and the parties involved, and the parties' rights to assign under this initial agreement
  • The effective date of the assignment and assumption agreement
  • Identification of the party making the assignment (the assignor), and a statement of their desire to assign their rights under the initial contract
  • Identification of the third party accepting the assignment (the assignee), and a statement of their acceptance of the assignment
  • Identification of the other initial party to the contract, and a statement of their consent to the assignment and assumption agreement
  • A section stating that the initial contract is continued; meaning, that, other than the change to the parties involved, all terms and conditions in the original contract stay the same

In addition to these sections that are specific to an assignment and assumption agreement, your contract should also include standard contract language, such as clauses about indemnification, future amendments, and governing law.

Sometimes circumstances change, and as a business owner you may find yourself needing to assign your rights and duties under a contract to another party. A properly drafted assignment and assumption agreement can help you make the transfer smoothly while, at the same time, preserving the cordiality of your initial business relationship under the original contract.

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What is an Assignment of Debt?

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By Vanessa Swain Senior Lawyer

Updated on February 22, 2023 Reading time: 5 minutes

This article meets our strict editorial principles. Our lawyers, experienced writers and legally trained editorial team put every effort into ensuring the information published on our website is accurate. We encourage you to seek independent legal advice. Learn more .

Perfecting Assignment

  • Enforcing an Assigned Debt 

Recovery of an Assigned Debt

  • Other Considerations 

Key Takeaways

Frequently asked questions.

I t is common for creditors, such as banks and other financiers, to assign their debt to a third party. Usually, an assig nment of debt is done in an effort to minimise the costs of recovery where a debtor has been delinquent for some time. This article looks at:

  • what it means to ‘assign a debt’;
  • the legal requirements to perfecting an assignment; and
  • common problems with enforcing an assigned debt. 

Front page of publication

Whether you’re a small business owner or the Chief Financial Officer of an ASX-listed company, one fact remains: your customers need to pay you.

This manual aims to help business owners, financial controllers and credit managers best manage and recover their debt.

An assignment of debt, in simple terms, is an agreement that transfers a debt owed to one entity, to another. A creditor does not need the consent of the debtor to assign a debt.

Once a debt is properly assigned, all rights and responsibilities of the original creditor (the assignor ) transfer to the new owner (the assignee ). Once an assignment of debt has been perfected, the assignee can collect the full amount of the debt owed . This includes interest recoverable under the original contract, as if they were the original creditor. A debtor is still responsible for paying the outstanding debt after an assignment. However, now, the debt or must pay the debt to the assignee rather than the original creditor.

Purchasing debt can be a lucrative business. Creditors will generally sell debt at a loss, for example, 20c for each dollar owed. Although, the amount paid will vary depending on factors such as the age of the debt and the likelihood of recovery. This can be a tax write off for the assignor, while the assignee can take steps to recover 100% of the debt owed. 

In New South Wales, the requirements for a legally binding assignment of debt are set out in the Conveyancing Act :

  • the assignment must be in writing. You do this in the form of a deed (deed of assignment) and both the assignor and assignee sign it; and
  • the assignor must provide notice to the debtor. The requirement for notice must be express and must be in writing. The assignor must notify the debtor advising them of the debt’ s assign ment and to who it has been assigned. The assignee will send a separate notice to the debtor, putting them on notice that the debt is due and payable. They will also provide them with the necessary information to make payment. 

The assignor must send the notices to the debtor’s last known address.  

Debtor as a Joined Party

In some circumstances, a debtor will be joined as a party to the deed of assignment . There can be a great benefit in this approach . This is because the debtor can provide warranties that the debt is owed and has clear notice of the assignment. However, it is not always practical to do so for a few reasons:

  • a debtor may not be on speaking terms with the assignor; 
  • a debtor may not be prepared to co-operate or provide appropriate warranties; and
  • the assignor or the assignee may not want the debtor to be made aware of the sale price . This occurs particularly where the sale price is at a significant discount.

If the debtor is not a party to the deed of assignment, proper notice of the assignment must be provided.  

An assignment of debt that has not been properly perfected will not constitute a legal debt owing to the assignee. Rather, the legal right to recover the debt will remain with the assignor. Only an equitable interest in the debt will transfer to the assignee.  

Enforcing an Assigned Debt 

After validly assigning a debt (in writing and notice has been provided to the debtor’s last known place of residence), the assignee is entitled to take any legal steps available to them to recover the outstanding debt. These recovery options include:

  • commencing court proceedings;
  • obtaining a judgment; and 
  • enforcement of that judgment.

Suppose court proceedings have been commenced or judgment already entered in favour of the assignor. In that case, the assignee must take steps to have the proceedings or judgment formally changed into the assignee’s name.  

In our experience, recovery of an assigned debt can be problematic because:  

  • debtors often do not understand the concept of debt assignment and may not be aware that their credit contract contains an assignment of debt clause;
  • disputes can arise as to whether a lawful assignment of debt has arisen. A debtor may claim that the assignor did not provide them with the requisite notice of the assignment, or in some cases, a contract will specifically exclude the creditor from legally assigning a debt;
  • proper records of the notice of assignment provided to the debtor must be maintained. If proper records have not been kept, it may be difficult to prove that notice has been properly given, which may invalidate the legal assignment; and
  • the debtor has the right to make an offsetting claim in defence to any recovery action taken by the assignee. A debtor may raise an offsetting claim which has arisen out of a previous arrangement with the assignor (which the assignee may not be aware of). For example, the debtor may have entered into an agreement with the assignor whereby the assignor agreed to accept a lesser amount of the debt owed by way of settlement. Because the assignee acquires the same rights and obligations of the assignor, the terms of that previous settlement agreement will bind the assignee. The court may find that there is no debt owing by the debtor. In this case, the assignee will have been assigned nothing of value. 

Other Considerations 

When assigning a debt, it is essential that the assignee, in particular, considers relevant statutory limitation periods for commencing proceedings or enforcing a judgment debt . In New South Wales, the time limit:

  • to file legal proceedings to recover debts is six years from the date of last payment or when the debtor admitted in writing that they owed the debt; and
  • for enforcing a judgment debt is 12 years from the date of judgment.

An assignment of a debt does not extend these limitation periods.  

While there can be benefits to both the assignor and the assignee, an assignment of debt will be unenforceable if done incorrectly. Therefore, if you are considering assigning or being assigned a debt, it is important to seek legal advice. If you need help with drafting or reviewing a deed of assignment or wish to recover a debt that has been assigned to you, contact LegalVision’s debt recovery lawyers on 1300 544 755 or fill out the form on this page.  

An assignment of debt is an agreement that transfers a debt owed to one entity, to another. A creditor does not need the consent of the debtor to assign a debt.

Once the assignee has validly assigned a debt, they are entitled to take any legal steps available to them to recover the outstanding debt. This includes commencing court proceedings, obtaining a judgment and enforcement of that judgment.

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  • How Does Debt Assignment Work?

Chloe Meltzer | December 07, 2023

assignment of debt document

Summary: What are your options when your debt has been assigned to a debt collector? Find out why a creditor might have assigned your debt and how to deal with it.

Debt assignment refers to a transfer of debt. This includes all of the associated rights and obligations, as it goes from a creditor to a third party. Debt assignment is essentially the legal transfer of debt to a debt collector (or debt collection agency). After this agency purchases the debt, they will have the responsibility to collect the debt, meaning you will pay your debt to them.

File a response with SoloSuit to win against debt collectors.

Find Out How Debt Assignment Works

When a creditor or lender no longer wants to be responsible for attempting to collect your debt, they will sell your debt to a third party. When this occurs, a Notice of Assignment (NOA) is sent out to you. This should inform you of who is responsible for collecting the rest of your loan or debt.

Legally you must be notified if your debt is assigned to someone new. This is to ensure that you know where to make payments to. If you are not aware of the new assignment, you may send payments to the wrong location which could force you into unintentional default.

Know How the FDCPA Protects You

Third-party debt collectors must act according to the Fair Debt Collection Practices Act (FDCPA). This federal law restricts the methods by which a debt collector can contact you, and attempt to collect debts. The FDCPA regulates the time of day or night a collector can make contact, how often they can call, as well as what they say and how they say it.

If you believe that a debt collector has violated the FDCPA, then you may be able to file a suit against that company. You may also be able to sue for damages or attorney fees.

Stand up to debt collection agencies with SoloSuit.

Learn Why a Creditor Assigns Debt

There are a few reasons why a creditor may assign your debt. Typically, the most common reason is to reduce their risk. By assigning and selling the debt it is no longer their liability. They can ensure they recoup some of their money, and appease investors as well.

Discover How Purchasing a Debt Differs from Debt Assignment

The purchase of debt occurs before assignment. Before the assignment of delinquent debt, a collection agency will be required to purchase it. This is often done at a far lower price, while they still attempt to recoup the entire debt. Because of this, it allows you to attempt to settle your debt for less.

Understand Why Debt Assignment Is Often Criticized

The process of assigning debt is often seen as unethical. With threats, harassment, and lies of all kinds, many debt buyers have been accused of violating the FDCPA. Because of this, debt assignment has seen a good amount of criticism. Some cases have even seen consumers charged with debts that have already been settled or paid .

Nevertheless, this shows how important it is to be on top of your debts. The number one choice you should make with any debt or debt assignment is to respond to all correspondence. This will ensure that you stay in compliance, and act when you need to.

What is SoloSuit?

SoloSuit makes it easy to respond to a debt collection lawsuit.

How it works: SoloSuit is a step-by-step web-app that asks you all the necessary questions to complete your answer. Upon completion, you can either print the completed forms and mail in the hard copies to the courts or you can pay SoloSuit to file it for you and to have an attorney review the document.

Respond with SoloSuit

"First time getting sued by a debt collector and I was searching all over YouTube and ran across SoloSuit, so I decided to buy their services with their attorney reviewed documentation which cost extra but it was well worth it! SoloSuit sent the documentation to the parties and to the court which saved me time from having to go to court and in a few weeks the case got dismissed!" – James

>>Read the FastCompany article: Debt Lawsuits Are Complicated: This Website Makes Them Simpler To Navigate

>>Read the NPR story on SoloSuit: A Student Solution To Give Utah Debtors A Fighting Chance

How to Answer a Summons for debt collection in all 50 states

Here's a list of guides on how to respond to a debt collection lawsuit in each state:

The Ultimate 50 State Guide

  • Connecticut
  • Massachusetts
  • Mississippi
  • New Hampshire
  • North Carolina
  • North Dakota
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Vermont ; Vermont (Small Claims court)
  • West Virginia

Guides on how to resolve debt with every debt collector

Are you being sued by a debt collector? We’re making guides on how to resolve debt with each one.

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  • CTC Debt Collector
  • CVCS Debt Collection
  • Cypress Financial Recoveries
  • D&A Services
  • Daniels, Norelli, Cecere & Tavel P.C.
  • DCM Services
  • Debt Recovery Solutions
  • Delanor Kemper & Associates
  • Department Stores National Bank
  • Direct Recovery Associates
  • Discover Collections
  • Diversified Adjustment
  • Diversified Consultants
  • Diversified Recovery Bureau
  • DNF Associates, LLC
  • Dynamic Collectors
  • Eagle Accounts Group, Inc.
  • Eastern Account System
  • Ellington and Associates Collections
  • Encore Capital Group
  • Enerson Law
  • Enerson Law LLC
  • Enhanced Recovery Company
  • ERC Collections
  • ERSolutions
  • Estate Information Services
  • Equable Ascent Financial
  • Everest Business Funding
  • Executive Credit Management
  • Faber and Brand
  • Factual Data
  • Falls Collection Service
  • FCO Collections and Outsourcing
  • FIA Card Services
  • fin rec svc (Financial Recovery Services)
  • First Federal Credit Credit Control
  • First Financial Bank
  • First Portfolio Ventures LLC
  • First Progress
  • FirstPoint Collection Resources
  • Firstsource Advantage
  • FMA Alliance
  • Forster & Garbus
  • Franklin Collection Services
  • Freedom Plus
  • Freshview Solutions
  • Frontline Asset
  • Frost Arnett
  • Fulton Friedman & Gullace LLP
  • Galaxy International Purchasing, LLC
  • GC Debt Collection
  • GC Services
  • General Revenue Corporation
  • GLA Collections
  • Glass Mountain Capital
  • Glasser and Glasser
  • Global Credit Collection Corp
  • Global Trust Management
  • GMAC Financing
  • Golden 1 Credit Union
  • Grant and Weber
  • Grant Mercantile Agency
  • Gulf Coast Collection Bureau
  • Halsted Financial Services
  • Harris and Harris
  • Harvard Collection
  • Harvest Credit Management
  • Helvey and Associates
  • Hollis Cobb
  • Holloway Moxley
  • Hosto Buchan
  • Howard Lee Schiff
  • H&R Accounts
  • Hudson & Keyse LLC?
  • Hunter Warfield
  • Impact Receivables Management
  • Innovative Recovery
  • Integras Capital Recovery LLC
  • Javitch Block
  • JHPDE Finance 1 LLC
  • JP Receivables Management Partners
  • Kenneth Eisen and Associates
  • KeyBank student loans
  • Kirschenbaum, Phillips & Levy P.C.
  • KLS Financial Services
  • Kramer & Frank
  • Lakeside Collection
  • Lending Club
  • Lincoln and Morgan Kabbage
  • Linebarger Goggan Blair & Sampson LLP
  • Lockhart Collection Agency
  • LJ Ross Associates
  • LTD Collections
  • Malcolm S. Gerald and Associates
  • Malen & Associates
  • Mandarich Law Group
  • Mannbracken
  • Marcam Associates
  • MARS Inc. Collections
  • MCA Management Company
  • McCarthy, Burgess & Wolff
  • Meade & Associates
  • Mercantile Adjustment Bureau
  • Merchants Credit Association
  • MGM Collections
  • Michael J Adams PC
  • Midland Funding LLC
  • Mid-South Adjustment
  • Monarch Recovery
  • Monterey Financial
  • Moss Law Firm
  • Mountain Land Collections
  • MRS Associates
  • MSW Capital LLC
  • Mullooly, Jeffrey, Rooney & Flynn
  • Nathan and Nathan PC
  • National Collegiate Trust
  • National Credit Adjusters
  • National Credit Care
  • National Credit Systems
  • National Enterprise Systems
  • National Recovery Agency
  • National Recovery Solutions
  • Nationwide Credit
  • Nationwide Recovery Services
  • Nationwide Recovery Systems
  • NCO Financial Systems Incorporated
  • North American Recovery
  • Northland Group
  • Northstar Capital Acquisition
  • Northstar Location Services
  • NRC Collection Agency
  • Oliver Adjustment Company
  • Oliphant Financial, LLC
  • P&B Capital Group
  • PCB Collections Agency
  • Palisades Collection LLC
  • Pallida LLC
  • Paragon Contracting Services
  • Paragon Revenue Group
  • Payday Loan Debt Collectors
  • Pendrick Capital Partners
  • Penn Credit
  • Perdue Brandon
  • Persolve LLC
  • Phillips & Cohen Associates
  • Phoenix Financial Services
  • Pioneer Credit Recovery
  • PRA Group, Inc.
  • Pressler, Felt & Warshaw LLP
  • Prestige Services, Inc.
  • Prince Parker and Associates
  • Professional Finance Company
  • Progressive Management Systems
  • Provest Law
  • Quaternary Collection Agency
  • RAB Collection Agency
  • Rash Curtis and Associates
  • Radius Global SOL
  • Radius Global Solutions
  • Rawlings Company
  • Razor Capital
  • Real Time Resolutions
  • Receivables Performance Management
  • Regents and Associates
  • Reliant Capital Solutions
  • Resurgent Capital Services and LVNV Funding
  • Revco Solutions
  • Revenue Enterprises LLC
  • Revenue Group
  • RGS Financial, Inc.
  • RMP LLC in Court
  • RMP Services
  • RS Clark and Associates
  • RTR Financial Services
  • Rubin & Rothman
  • Salander Enterprises LLC
  • Samara Portfolio Management
  • SCA Collections
  • Scott Parnell and Associates
  • Second Round Collections
  • Second Round Sub LLC
  • Selip & Stylianou LLP
  • Sequium Asset Solutions
  • Sessoms and Rogers
  • Sherman Acquisition
  • Sherman Financial Group
  • SIMM Associates
  • Source Receivables Management
  • Southern Management Systems
  • Southwest Credit Group
  • Spire Recovery Solutions
  • SRS Company
  • Stark Collection Agency
  • State Collection Service
  • Stenger and Stenger
  • Stillman Law Office
  • Summit Account Resolution
  • Sunrise Credit Services
  • Superlative RM Debt Collector
  • Suttell and Hammer
  • Synergetic Communication
  • Synerprise Consulting
  • The Law Office of Michael J Scott
  • Trellis Company
  • Troy Capital
  • TRS Recovery Services
  • Tulsa Teachers Credit Union
  • UCB Collection
  • Unifin Debt Collector
  • Universal Credit Services
  • US Bank Collections
  • USAA collections
  • USCB America
  • Valentine and Kebartas
  • Valley Servicing
  • Vance & Huffman LLC
  • Van Ru Credit Corporation
  • Velo Law Office
  • Velocity Investments
  • Viking Client Services
  • Wakefield and Associates
  • Waypoint Resource Group
  • Weinberg and Associates
  • Weltman, Weinberg & Reis
  • Westwood Funding
  • Williams and Fudge
  • Wilshire Consumer Credit
  • Wolpoff & Abramson
  • Worldwide Asset Purchasing
  • www.AutomotiveCredit.com
  • Zarzaur & Schwartz
  • Zwicker & Associates

Resolve your debt with your creditor

Some creditors, banks, and lenders have an internal collections department. If they come after you for a debt, Solosuit can still help you respond and resolve the debt. Here’s a list of guides on how to resolve debt with different creditors.

  • American Express ; American Express – Debt Collection
  • Bank of America
  • Best Buy Credit Card
  • Capital One
  • Credit One Bank
  • Old Navy Credit Card
  • PayPal Synchrony Card
  • Regional Finance
  • Retailers National Bank
  • Reunion Student Loan Finance Corporation
  • SYNCB/PPEXTR
  • Synchrony Bank
  • Synchrony Walmart Card
  • Target National Bank
  • Wells Fargo
  • Can I Pay My Original Creditor Instead of a Debt Collection Agency?
  • Can I Settle a Debt with the Original Creditor?

Settle your medical debt

Having a health challenge is stressful, but dealing medical debt on top of it is overwhelming. Here are some resources on how to manage medical debt.

  • Am I Responsible for My Spouse's Medical Debt?
  • Do I Need a Lawyer for Medical Bills?
  • Do I Need a Lawyer to Fight Medical Bill Debt?
  • Does Bankruptcy Clear Medical Debt?
  • How Much Do Collection Agencies Pay for Medical Debt?
  • How to Find Medical Debt Forgiveness Programs
  • Is There a Statute of Limitations on Medical Bills?
  • Medical Debt Statute of Limitations by State
  • Summoned to Court for Medical Bills — What Do I Do?
  • Summoned to Court for Medical Bills? What to Do Next

Guides on arbitration

If the thought of going to court stresses you out, you’re not alone. Many Americans who are sued for credit card debt utilize a Motion to Compel Arbitration to push their case out of court and into arbitration.

Below are some resources on how to use an arbitration clause to your advantage and win a debt lawsuit.

  • How Arbitration Works
  • How to Find an Arbitration Clause in Your Credit Agreement
  • How to Make a Motion to Compel Arbitration
  • How to Make a Motion to Compel Arbitration in Florida
  • How to Make a Motion to Compel Arbitration Without an Attorney
  • How Credit Card Arbitration Works
  • Sample Motion to Compel Arbitration

Stop calls from debt collectors

Do you keep getting calls from an unknown number, only to realize that it’s a debt collector on the other line? If you’ve been called by any of the following numbers, chances are you have collectors coming after you, and we’ll tell you how to stop them.

  • 1-800-390-7584
  • 800-289-8004
  • 800-955-6600
  • 877-366-0169
  • 877-591-0747
  • 800-278-2420
  • 800-604-0064
  • 800-846-6406
  • 877-317-0948
  • 888-899-4332
  • 888-912-7925
  • 202-367-9070
  • 502-267-7522

Federal debt collection laws can protect you

Knowing your rights makes it easier to stand up for your rights. Below, we’ve compiled all our articles on federal debt collection laws that protect you from unfair practices.

  • 15 USC 1692 Explained
  • Does the Fair Credit Reporting Act Work in Florida?
  • FDCPA Violations List
  • How to File an FDCPA Complaint Against Your Debt Collector (Ultimate Guide)
  • How to Make a Fair Debt Collection Practices Act Demand Letter
  • How to Submit a Transunion Dispute
  • How to Submit an Equifax Dispute
  • How to Submit an Experian Dispute
  • What Debt Collectors Cannot Do — FDCPA Explained
  • What Does Account Information Disputed by Consumer Meets FCRA Requirements Mean?
  • What does “meets FCRA requirements” mean?
  • What does FCRA stand for?
  • What is the Consumer Credit Protection Act

Get debt relief in your state

We’ve created a specialized guide on how to find debt relief in all 50 states, complete with steps to take to find relief, state-specific resources, and more.

Debt collection laws in all 50 states

Debt collection laws vary by state, so we have compiled a guide to each state’s debt collection laws to make it easier for you to stand up for your rights—no matter where you live.

  • Debt Collection Laws in Alabama
  • Debt Collection Laws in Alaska
  • Debt Collection Laws in Arizona
  • Debt Collection Laws in Arkansas
  • Debt Collection Laws in California
  • Debt Collection Laws in Colorado
  • Debt Collection Laws in Connecticut
  • Debt Collection Laws in Delaware
  • Debt Collection Laws in Florida
  • Debt Collection Laws in Georgia
  • Debt Collection Laws in Hawaii
  • Debt Collection Laws in Kansas
  • Debt Collection Laws in Idaho
  • Debt Collection Laws in Illinois
  • Debt Collection Laws in Indiana
  • Debt Collection Laws in Iowa
  • Debt Collection Laws in Kentucky
  • Debt Collection Laws in Louisiana
  • Debt Collection Laws in Massachusetts
  • Debt Collection Laws in Michigan
  • Debt Collection Laws in Minnesota
  • Debt Collection Laws in Mississippi
  • Debt Collection Laws in Missouri
  • Debt Collection Laws in Montana
  • Debt Collection Laws in Nebraska
  • Debt Collection Laws in Nevada
  • Debt Collection Laws in New Hampshire
  • Debt Collection Laws in New Jersey
  • Debt Collection Laws in New Mexico
  • Debt Collection Laws in New York
  • Debt Collection Laws in North Carolina
  • Debt Collection Laws in North Dakota
  • Debt Collection Laws in Ohio
  • Debt Collection Laws in Oklahoma
  • Debt Collection Laws in Oregon
  • Debt Collection Laws in Pennsylvania
  • Debt Collection Laws in Rhode Island
  • Debt Collection Laws in South Carolina
  • Debt Collection Laws in South Dakota
  • Debt Collection Laws in Tennessee
  • Debt Collection Laws in Texas
  • Debt Collection Laws in Vermont
  • Debt Collection Laws in Virginia
  • Debt Collection Laws in Washington
  • Debt Collection Laws in West Virginia
  • Debt Collection Laws in Wisconsin
  • Debt Collection Laws in Wyoming

Statute of limitations on debt state guides

Like all debt collection laws, the statute of limitations on debt varies by state. So, we wrote a guide on each state’s statutes. Check it out below.

Statute of Limitations on Debt Collection by State (Best Guide)

  • Statute of Limitations on Debt Collection in Alabama
  • Statute of Limitations on Debt Collection in Alaska
  • Statute of Limitations on Debt Collection in Arizona
  • Statute of Limitations on Debt Collection in Arkansas
  • Statute of Limitations on Debt Collection in California
  • Statute of Limitations on Debt Collection in Connecticut
  • Statute of Limitations on Debt Collection in Colorado
  • Statute of Limitations on Debt Collection in Delaware
  • Statute of Limitations on Debt Collection in Florida
  • Statute of Limitations on Debt Collection in Georgia
  • Statute of Limitations on Debt Collection in Hawaii
  • Statute of Limitations on Debt Collection in Illinois
  • Statute of Limitations on Debt Collection in Indiana
  • Statute of Limitations on Debt Collection in Iowa
  • Statute of Limitations on Debt Collection in Kansas
  • Statute of Limitations on Debt Collection in Louisiana
  • Statute of Limitations on Debt Collection in Maine
  • Statute of Limitations on Debt Collection in Maryland
  • Statute of Limitations on Debt Collection in Michigan
  • Statute of Limitations on Debt Collection in Minnesota
  • Statute of Limitations on Debt Collection in Mississippi
  • Statute of Limitations on Debt Collection in Missouri
  • Statute of Limitations on Debt Collection in Montana
  • Statute of Limitations on Debt Collection in Nebraska
  • Statute of Limitations on Debt Collection in Nevada
  • Statute of Limitations on Debt Collection in New Hampshire
  • Statute of Limitations on Debt Collection in New Jersey
  • Statute of Limitations on Debt Collection in New Mexico
  • Statute of Limitations on Debt Collection in New York
  • Statute of Limitations on Debt Collection in North Carolina
  • Statute of Limitations on Debt Collection in North Dakota
  • Statute of Limitations on Debt Collection in Oklahoma
  • Statute of Limitations on Debt Collection in Oregon
  • Statute of Limitations on Debt Collection in Oregon (Complete Guide)
  • Statute of Limitations on Debt Collection in Pennsylvania
  • Statute of Limitations on Debt Collection in Rhode Island
  • Statute of Limitations on Debt Collection in South Carolina
  • Statute of Limitations on Debt Collection in South Dakota
  • Statute of Limitations on Debt Collection in Tennessee
  • Statute of Limitations on Debt Collection in Texas
  • Statute of Limitations on Debt Collection in Utah
  • Statute of Limitations on Debt Collection in Vermont
  • Statute of Limitations on Debt Collection in Virginia
  • Statute of Limitations on Debt Collection in Washington
  • Statute of Limitations on Debt Collection in West Virginia
  • Statute of Limitations on Debt Collection in Wisconsin
  • Statute of Limitations on Debt Collection in Wyoming

Check the status of your court case

Don’t have time to go to your local courthouse to check the status of your case? We’ve created a guide on how to check the status of your case in every state, complete with online search tools and court directories.

  • Alabama Court Case Search—Find Your Lawsuit
  • Alaska Court Case Search — Find Your Lawsuit
  • Arizona Court Case Search - Find Your Lawsuit
  • Arkansas Court Case Search — Find Your Lawsuit
  • California Court Case Search- Find Your Lawsuit
  • Colorado Court Case Search — Find Your Lawsuit
  • Connecticut Case Lookup — Find Your Court Case
  • Delaware Court Case Search — Find Your Lawsuit
  • Florida Court Case Search — Find Your Lawsuit
  • Georgia Court Case Search — Find Your Lawsuit
  • Hawaii Court Case Search — Find Your Lawsuit
  • Idaho Court Case Search – Find Your Lawsuit
  • Illinois Court Case Search — Find Your Lawsuit
  • Indiana Court Case Search — Find Your Lawsuit
  • Iowa Court Case Search — Find Your Lawsuit
  • Kansas Court Case Search — Find Your Lawsuit
  • Kentucky Court Case Search — Find Your Lawsuit
  • Louisiana Court Case Search — Find Your Lawsuit
  • Maine Court Case Search — Find Your Lawsuit
  • Maryland Court Case Search — Find Your Lawsuit
  • Massachusetts Court Case Search — Find Your Lawsuit
  • Michigan Court Case Search — Find Your Lawsuit
  • Minnesota Court Case Search — Find Your Lawsuit
  • Mississippi Court Case Search — Find Your Lawsuit
  • Missouri Court Case Search — Find Your Lawsuit
  • Montana Court Case Search — Find Your Lawsuit
  • Nebraska Court Case Search — Find Your Lawsuit
  • Nevada Court Case Search — Find Your Lawsuit
  • New Hampshire Court Case Search — Find Your Lawsuit
  • New Jersey Court Case Search—Find Your Lawsuit
  • New Mexico Court Case Search - Find Your Lawsuit
  • New York Case Search — Find Your Lawsuit
  • North Carolina Court Case Search — Find Your Lawsuit
  • North Dakota Court Case Search �� Find Your Lawsuit
  • Ohio Court Case Search — Find Your Lawsuit
  • Oklahoma Court Case Search — Find Your Lawsuit
  • Oregon Court Case Search — Find Your Lawsuit
  • Pennsylvania Court Case Search — Find Your Lawsuit
  • Rhode Island Court Case Search — Find Your Lawsuit
  • South Carolina Court Case Search — Find Your Lawsuit
  • South Dakota Court Case Search — Find Your Lawsuit
  • Tennessee Court Case Search — Find Your Lawsuit
  • Texas Court Case Search — Find Your Lawsuit
  • Utah Court Case Search — Find Your Lawsuit
  • Vermont Court Case Search — Find Your Lawsuit
  • Virginia Court Case Search — Find Your Lawsuit
  • Washington Court Case Search — Find Your Lawsuit
  • West Virginia Court Case Search — Find Your Lawsuit
  • Wisconsin Court Case Search — Find Your Lawsuit
  • Wyoming Court Case Search — Find Your Lawsuit

How to stop wage garnishment in your state

Forgot to respond to your debt lawsuit? The judge may have ordered a default judgment against you, and with a default judgment, debt collectors can garnish your wages. Here are our guides on how to stop wage garnishment in all 50 states.

  • Stop Wage Garnishment in Alabama
  • Stop Wage Garnishment in Alaska
  • Stop Wage Garnishment in Arizona
  • Stop Wage Garnishment in Arkansas
  • Stop Wage Garnishment in California
  • Stop Wage Garnishment in Colorado
  • Stop Wage Garnishment in Connecticut
  • Stop Wage Garnishment in Delaware
  • Stop Wage Garnishment in Florida
  • Stop Wage Garnishment in Georgia
  • Stop Wage Garnishment in Hawaii
  • Stop Wage Garnishment in Idaho
  • Stop Wage Garnishment in Illinois
  • Stop Wage Garnishment in Indiana
  • Stop Wage Garnishment in Iowa
  • Stop Wage Garnishment in Kansas
  • Stop Wage Garnishment in Kentucky
  • Stop Wage Garnishment in Louisiana
  • Stop Wage Garnishment in Maine
  • Stop Wage Garnishment in Maryland
  • Stop Wage Garnishment in Massachusetts
  • Stop Wage Garnishment in Michigan
  • Stop Wage Garnishment in Minnesota
  • Stop Wage Garnishment in Mississippi
  • Stop Wage Garnishment in Missouri
  • Stop Wage Garnishment in Montana
  • Stop Wage Garnishment in Nevada
  • Stop Wage Garnishment in New Hampshire
  • Stop Wage Garnishment in New Jersey
  • Stop Wage Garnishment in New Mexico
  • Stop Wage Garnishment in New York
  • Stop Wage Garnishment in North Carolina
  • Stop Wage Garnishment in North Dakota
  • Stop Wage Garnishment in Ohio
  • Stop Wage Garnishment in Oklahoma
  • Stop Wage Garnishment in Oregon
  • Stop Wage Garnishment in Pennsylvania
  • Stop Wage Garnishment in Rhode Island
  • Stop Wage Garnishment in South Carolina
  • Stop Wage Garnishment in South Dakota
  • Stop Wage Garnishment in Tennessee
  • Stop Wage Garnishment In Texas
  • Stop Wage Garnishment In Utah
  • Stop Wage Garnishment in Vermont
  • Stop Wage Garnishment in Virginia
  • Stop Wage Garnishment in Washington
  • Stop Wage Garnishment in West Virginia
  • Stop Wage Garnishment in Wisconsin
  • Stop Wage Garnishment in Wyoming

Other wage garnishment resources

  • Bank Account Garnishment and Liens in Texas
  • Can I Stop Wage Garnishment?
  • Can My Wife's Bank Account Be Garnished for My Debt?
  • Can Payday Loans Garnish Your Wages?
  • Can pensions be garnished?
  • Can Private Disability Payments Be Garnished?
  • Can Social Security Disability Be Garnished?
  • Can They Garnish Your Wages for Credit Card Debt?
  • Can You Stop a Garnishment Once It Starts?
  • Guide to Garnishment Limits by State
  • How Can I Stop Wage Garnishments Immediately?
  • How Long Before a Creditor Can Garnish Wages?
  • How Long Does It Take to Get Garnished Wages Back?
  • How to Fight a Wage Garnishment
  • How to Prevent Wage Garnishment
  • How to Stop a Garnishment
  • How to Stop Social Security Wage Garnishment
  • How to Stop Wage Garnishment — Everything You Need to Know
  • New York Garnishment Laws – Overview
  • Ohio Garnishment Laws — What They Say
  • Wage Garnishment Lawyer
  • What Is Wage Garnishment?

How to settle a debt in your state

Debt settlement is one of the most effective ways to resolve a debt and save money. We’ve created a guide on how to settle your debt in all 50 states. Find out how to settle in your state with a simple click and explore other debt settlement resources below.

  • How to Settle a Debt in Alabama
  • How to Settle a Debt in Alaska
  • How to Settle a Debt in Arizona
  • How to Settle a Debt in Arkansas
  • How to Settle a Debt in California
  • How to Settle a Debt in Colorado
  • How to Settle a Debt in Delaware
  • How to Settle a Debt in Florida
  • How to Settle a Debt in Hawaii
  • How to Settle a Debt in Idaho
  • How to Settle a Debt in Illinois
  • How to Settle a Debt in Indiana
  • How to Settle a Debt in Iowa
  • How to Settle a Debt in Kansas
  • How to Settle a Debt in Kentucky
  • How to Settle a Debt in Louisiana
  • How to Settle a Debt in Maryland
  • How to Settle a Debt in Massachusetts
  • How to Settle a Debt in Michigan
  • How to Settle a Debt in Minnesota
  • How to Settle a Debt in Mississippi
  • How to Settle a Debt in Missouri
  • How to Settle a Debt in Montana
  • How to Settle a Debt in Nebraska
  • How to Settle a Debt in Nevada
  • How to Settle a Debt in New Hampshire
  • How to Settle a Debt in New Jersey
  • How to Settle a Debt in New Mexico
  • How to Settle a Debt in New York
  • How to Settle a Debt in North Carolina
  • How to Settle a Debt in North Dakota
  • How to Settle a Debt in Ohio
  • How to Settle a Debt in Oklahoma
  • How to Settle a Debt in Oregon
  • How to Settle a Debt in Pennsylvania
  • How to Settle a Debt in South Carolina
  • How to Settle a Debt in South Dakota
  • How to Settle a Debt in Tennessee
  • How to Settle a Debt in Texas
  • How to Settle a Debt in Utah
  • How to Settle a Debt in Vermont
  • How to Settle a Debt in Virginia
  • How to Settle a Debt in West Virginia
  • How to Settle a Debt in Wisconsin
  • How to Settle a Debt in Wyoming

How to settle with every debt collector

Not sure how to negotiate a debt settlement with a debt collector? We are creating guides to help you know how to start the settlement conversation and increase your chances of coming to an agreement with every debt collector.

  • American Express
  • Capitol One
  • Cavalry SPV
  • Midland Funding
  • Moore Law Group
  • Navy Federal
  • NCB Management Services
  • Portfolio Recovery

Other debt settlement resources

  • Best Debt Settlement Companies
  • Can I Settle a Debt After Being Served?
  • Can I Still Settle a Debt After Being Served?
  • Can You Settle a Warrant in Debt Before Court?
  • Debt Management vs. Debt Settlement
  • Debt Settlement Pros and Cons
  • Debt Settlement Scam
  • Do I Need to Hire a Debt Settlement Lawyer?
  • Do You Need a Debt Settlement Attorney in Houston Texas?
  • Do You Owe Taxes on Settled Debt?
  • Here’s a Sample Letter to Collection Agencies to Settle Debt
  • How Can I Settle My Credit Card Debt Before Going to Court?
  • How Do I Know if a Debt Settlement Company Is Legitimate?
  • How Long Does a Lawsuit Take to Settle?
  • How Much Do Settlement Companies Charge?
  • How I Settled My Credit Card Debt With Discover
  • How to Make a Debt Settlement Agreement
  • How to Make a Settlement Offer to Navient
  • How to Negotiate a Debt Settlement with a Law Firm
  • How to send Santander a settlement letter
  • How to Settle Debt for Pennies on the Dollar
  • How to Settle Debt in 3 Steps
  • How to Settle Debt with a Reduced Lump Sum Payment
  • How to Settle a Credit Card Debt Lawsuit — Ultimate Guide
  • How to Settle Credit Card Debt When a Lawsuit Has Been Filed
  • If You Are Using a Debt Relief Agency, Can You Settle Yourself with the Creditor?
  • Largest Debt Settlement Companies
  • Should I Settle a Collection or Pay in Full?
  • Summary of the Equifax Data Breach Settlement
  • The Advantages of Pre-Settlement Lawsuit Funding
  • The FTC Regulates Debt Settlement Through the Telemarketing Sales Rule
  • The Pros and Cons of Debt Settlement
  • What Happens if I Reject a Settlement Offer?
  • What Happens if You Don't Pay a Debt Settlement?
  • What Happens When You Settle a Debt?
  • What Is A Debt Settlement Agreement?
  • What is Debt Settlement?
  • What Percentage Should I Offer to Settle Debt?
  • What to Ask for in a Settlement Agreement
  • Who Qualifies for Debt Settlement?
  • Will Collection Agencies Settle for Less?
  • 5 Signs of a Debt Settlement Scam

Personal loan and debt relief reviews

We give a factual review of the following debt consolidation, debt settlement, and loan organizations and companies to help you make an informed decision before you take on a debt.

  • Accredited Debt Relief Debt Settlement Reviews
  • Advance America Loan Review
  • ACE Cash Express Personal Loan Review
  • BMG Money Loan Review
  • BMO Harris Bank Review: Pros and Cons
  • Brite Solutions Debt Settlement Reviews
  • Caliber Home Loans Mortgage Review
  • Cambridge Debt Consolidation Review
  • Campus Debt Solutions Review
  • CashNetUSA Review
  • Century Debt Settlement Reviews
  • ClearPoint Debt Management Review
  • Click N Loan Reviews
  • CuraDebt Debt Settlement Review
  • CuraDebt Reviews: Debt Relief Assistance For California Residents
  • Debt Eraser Review
  • Debtconsolidation.com Debt Settlement Reviews
  • Eagle One Debt Settlement Reviews
  • Freedom Debt Relief Debt Settlement Reviews
  • Global Holdings Debt Settlement Reviews
  • Golden 1 Credit Union Personal Loan Review
  • Honda Financial Services Review
  • iLending Reviews
  • Infinite Law Group Debt Settlement Reviews
  • JG Wentworth Debt Settlement Reviews
  • LoanMart Reviews
  • Mastriani Law Firm Review
  • Milestone ® Mastercard ® Review
  • ModoLoan Review
  • Money Management International Reviews
  • M&T Mortgage Company Review
  • National Debt Relief Debt Settlement Reviews
  • New Era Debt Settlement Reviews
  • OppLoans Review
  • Pacific Debt Relief Reviews
  • Palisade Legal Group Debt Settlement Reviews
  • PCG Debt Consolidation Review
  • PenFed Auto Loan Review
  • Priority Plus Financial Reviews
  • Roseland Associates Debt Consolidation Review
  • SDCCU Debt Consolidation Review
  • Speedy Cash Loans Review
  • Symple Lending Reviews
  • Tripoint Lending Reviews
  • TurboDebt Debt Settlement Reviews
  • Turnbull Law Group Debt Settlement Reviews
  • United Debt Settlement Reviews
  • Upgrade Auto Loans Reviews

How to repair and improve your credit score

Debt has a big impact on your credit. Below is a list of guides on how to repair and improve your credit, even while managing major debt.

  • 3 Ways to Repair Your Credit with Debt Collections
  • 5 Pros and Cons of Credit Cards & How to Use Them Wisely
  • 6 Reasons Your Credit Score Isn't Going Up
  • Bankruptcy vs Debt Settlement: Which is Better for Your Credit Score?
  • Does Debt Consolidation Hurt Your Credit Score?
  • Does Wage Garnishment Affect Credit?
  • Guide to Disclosing Income on Your Credit Card Application
  • How Long Does It Take to Improve My Credit Score After Debt Settlement?
  • How Often Does Merrick Bank Increase Your Credit Limit?
  • How to fix your credit to buy a house
  • How to Handle Debt and Improve Credit
  • How to Raise My Credit Score 40 Points Fast
  • If I Settle with a Collection Agency, Will It Hurt My Credit?
  • Is 600 a Good Credit Score?
  • Obama Credit Card Debt Relief Program – How to Use It
  • Sample credit report dispute letter
  • Should I Use Credit Journey?
  • Understanding myFICO: Your Gateway to Better Credit
  • What Does "DLA" Mean on a Credit Report?
  • What Is A Good Credit Score For Businesses?
  • What is American Credit Acceptance?
  • What is CBNA on my credit report?
  • What is CreditFresh?
  • Who Made the Credit Score?
  • Why is THD/CBNA on my credit report?

How to resolve student loan debt

Struggling with student debt? SoloSuit’s got you covered. Below are resources on handling student loan debt.

  • Budgeting Strategies for Students: How to Manage Your Finances Wisely
  • Can You Go to Jail for Not Paying Student Loans?
  • Can You Settle Student Loan Debt?
  • Do Student Loans Go Away After 7 Years? (2022 Guide)
  • Do You Need a Student Loan Lawyer? (Complete Guide)
  • Does Student Debt Die With You?
  • How to Manage a Student Debt
  • How to Get Rid of Student Loan Debt
  • Mandatory Forbearance Request Student Loan Debt Burden
  • Negative Economic Effects of Student Loan Debt on the US Economy
  • Pros and Cons of Taking a Student Loan
  • Regional Adjustment Bureau Student Loans – How to Win
  • The Real Impact of Student Debt: How Our Brains Handle It
  • Why It's Important to Teach Students How to Manage Debt
  • 5 Alternatives to Taking a Student Loan
  • 5 Tips for Students: How to Create a Realistic and Effective Budget
  • 7 College Financial Planning Tips for Students
  • 7 Things to Consider When Taking a Student Loan
  • 7 Tips to Manage Your Student Loans

Civil law legal definitions

You can represent yourself in court. Save yourself the time and cost of finding an attorney, and use the following resources to understand legal definitions better and how they may apply to your case.

  • Accleration Clause — Definition
  • Adjuster - Defined
  • Adverse Action — Definition
  • Affidavit — A Definition
  • Annulment vs. divorce – what's the difference?
  • Anticipatory Repudiation — Definition
  • Bench Trial — Defined
  • Certificate of Debt: A Definition
  • Commuted Sentence – Definition
  • Constructive Eviction - Defined
  • Constructive Discharge - Definition
  • Defendant - Definition and Everything You Need to Know
  • Demurred – Definition
  • Dischargeable - Definition
  • Disclosures — Definition
  • False Imprisonment Defined
  • Good Faith Exception – Definition
  • Hearsay — A Definition
  • HOEPA – Definition
  • Implied Contract – Definition
  • Injunctive Relief — A Definition
  • Intestate–Defined
  • Irrevocable Agreement — Defined
  • Joint Custody–Defined
  • Litigator — A Definition
  • Mediation - Definition
  • Medical Malpractice — Definition
  • Mistrial — A Definition
  • Mitigating Circumstances — Definition
  • Motion for Summary Judgment — Definition
  • Nolle Prosequi – Definition
  • Nunc Pro Tunc — A Definition
  • Plaintiff - Definition and Everything You Need to Know
  • Pro Se - Defined
  • Probable Cause Hearing — Definition
  • Restitution – Definition
  • Sole Custody-Defined
  • Statute of Limitations—Definition and Everything You Need to Know
  • Summons—Definition
  • Tenancy in Common – Defined
  • Time Is of the Essence – Definition
  • What Is the Bankruptcy Definition of Consumer Debt?
  • Wrongful Termination–Defined

Get answers to these FAQs on debt collection

  • Am I Responsible for My Husband's Debts If We Divorce?
  • Am I Responsible for My Parent's Debt if I Have Power of Attorney?
  • Can a Collection Agency Add Fees on the Debt?
  • Can a Collection Agency Charge Interest on a Debt?
  • Can a Credit Card Company Sue Me?
  • Can a Debt Collector Freeze Your Bank Account?
  • Can a Debt Collector Leave a Voicemail?
  • Can a Debt Collector Take My Car in California?
  • Can a Judgment Creditor Take my Car?
  • Can a Process Server Leave a Summons Taped to My Door?
  • Can an Eviction Be Reversed?
  • Can Credit Card Companies Garnish Your Wages?
  • Can Credit Cards Garnish Wages?
  • Can Debt Collectors Call From Local Numbers?
  • Can Debt Collectors Call You at Work in Texas?
  • Can Debt Collectors Call Your Family?
  • Can Debt Collectors Leave Voicemails?
  • Can I Pay a Debt Before the Court Date?
  • Can I Rent an Apartment if I Have Debt in Collection?
  • Can I Sue the President for Emotional Distress?
  • Can the SCRA Stop a Default Judgment?
  • Can the Statute of Limitations be Extended?
  • Can You Appeal a Default Judgement?
  • Can You Get Unemployment if You Quit?
  • Can You Go to Jail for a Payday Loan?
  • Can You Go to Jail for Credit Card Debt?
  • Can You Negotiate with Westlake Financial?
  • Can You Record a Call with a Debt Collector in Your State?
  • Can You Serve Someone with a Collections Lawsuit at Their Work?
  • Can You Sue Someone Who Has Filed Chapter 7 Bankruptcy?
  • Capital One is Suing Me – How Can I Win?
  • Debt Snowball vs. Debt Avalanche: Which One Is Apt for You?
  • Do 609 Letters Really Work?
  • Do Debt Collectors Ever Give Up?
  • Do I Have Too Much Debt to Divorce My Spouse?
  • Do I Need a Debt Collection Defense Attorney?
  • Do I Need a Debt Negotiator?
  • Do I Need a Legal Coach?
  • Do I Need a Payday Loans Lawyer?
  • Does a Living Trust Protect Your Assets from Lawsuits?
  • Does Chase Sue for Credit Card Debt?
  • Does Debt Consolidation Have Risks?
  • Does Midland Funding Show Up to Court?
  • How Can I Get Financial Assistance in PA?
  • How do Debt Relief Scams Work?
  • How Do I Find Out If I Have Any Judgments Against Me?
  • How Do I Get Rid of a Judgment Lien on My Property?
  • How Do I Register on the Do Not Call List?
  • How Does a Flex Loan Work?
  • How Does Debt Affect Your Ability to Buy a Home?
  • How Does Finwise Bank Work?
  • How does Navy Credit debt forgiveness work?
  • How Does Payments.tsico Work?
  • How Important is it to Protect your Assets from Unexpected Events?
  • How is Debt Divided in Divorce?
  • How Long Do Creditors Have to Collect a Debt from an Estate?
  • How long do debt collectors take to respond to debt validation letters?
  • How Long Does a Judgement Last?
  • How Long Does a Judgment Last?
  • How Long Does a Levy Stay on a Bank Account?
  • How Long Does an Eviction Stay on Your Record?
  • How Many Calls from a Debt Collector is Considered Harassment?
  • How Many Times Can a Judgment Be Renewed in North Carolina?
  • How Many Times Can a Judgment be Renewed in Oklahoma?
  • How Much Do Collection Agencies Pay for Debt?
  • How Much Do You Have to Be in Debt to File Chapter 7?
  • How Much Does College Actually Cost?
  • How Often Do Credit Card Companies Sue for Non-Payment?
  • How Should You Respond to the Theft of Your Identity?
  • I am being sued because my identity was stolen - What do I do?
  • If a Car is Repossessed Do I Still Owe the Debt?
  • Is Debt Forgiveness Taxable?
  • Is Freedom Debt Relief a Scam?
  • Is it Legal for Debt Collectors to Call Family Members?
  • Is it Smart to Consolidate Debt?
  • Is LVNV Funding a Legitimate Company? - Them in Court
  • Is My Case in the Right Venue?
  • Is Portfolio Recovery Associates Legit? — How to Win
  • Is Severance Pay Taxable?
  • Is SoloSuit Worth It?
  • Is Someone with Power of Attorney Responsible for Debt After Death?
  • Is the NTB Credit Card Safe?
  • Is There a Judgment Against Me Without my Knowledge?
  • Is transworld systems legitimate? — How to win in court
  • Liquidate–What Does it Mean?
  • Litigation Finance: Is it a Good Investment?
  • Received a 3-Day Eviction Notice? Here's What To Do
  • Should I File Bankruptcy Before or After a Judgment?
  • Should I Hire a Civil Litigation Attorney?
  • Should I Hire a Civil Rights Lawyer?
  • Should I Hire a Litigation Attorney?
  • Should I Marry Someone With Debt?
  • Should I Pay Off an Old Apartment Debt?
  • Should I Send a Demand Letter Before a Lawsuit?
  • Should I Use My IRA to Pay Off Credit Card Debt?
  • Should You Communicate with a Debt Collector in Writing or by Telephone?
  • Should You Invest in Stocks While In Debt?
  • Subsidized vs. Unsubsidized Loans: Which is Better?
  • The Truth: Should You Never Pay a Debt Collection Agency?
  • What are the biggest debt collector companies in the US?
  • What are the different types of debt?
  • What Bank Is Behind Best Buy's Credit Card?
  • What Bank Issues Kohl's Credit Card?
  • What Bank Owns Old Navy Credit Card?
  • What Credit Bureau does Aqua Finance Use?
  • What Credit Bureau Does Truliant Use?
  • What Does “Apple Pay Transaction Under Review” Mean?
  • What Does a Debt Collector Have to Prove in Court?
  • What Does BAC Stand For?
  • What does HAFA stand for?
  • What Does Payment Deferred Mean?
  • What Does Reaffirmation of Debt Mean?
  • What Happens After a Motion for Default Is Filed?
  • What Happens at a Motion for Summary Judgment Hearing?
  • What Happens If a Defendant Does Not Pay a Judgment?
  • What Happens If a Process Server Can't Serve You?
  • What Happens if a Tenant Wins an Eviction Lawsuit?
  • What Happens If Someone Sues You and You Have No Money?
  • What Happens If You Avoid Getting Served Court Papers?
  • What Happens If You Don’t Pay Speedy Cash?
  • What Happens If You Ignore a Debt Collector?
  • What Happens If You Never Answer Debt Collectors?
  • What Happens When a Debt Is Sold to a Collection Agency
  • What Happens When a Debt Is Sold to a Collection Agency?
  • What If a Summons Was Served to the Wrong Person?
  • What If an Order for Default Was Entered?
  • What if I default on an Avant payment?
  • What If the Wrong Defendant Is Named in a Lawsuit?
  • What Is a Case Number?
  • What is a Certificate of Judgment in Ohio?
  • What Is a Certificate of Service?
  • What Is a Civil Chapter 61 Warrant?
  • What is a Civil Litigation Lawyer?
  • What Is a Consent Judgment?
  • What Is a CPN Number?
  • What Is a Debt Brokerage?
  • What Is a Debt-to-Sales Ratio?
  • What Is a Defamation Lawsuit?
  • What is a default judgment?— What do I do?
  • What Is a Libel Lawsuit?
  • What is a Lien on a House?
  • What is a Lien Release on a Car?
  • What is a Lien?
  • What Is a Motion to Strike?
  • What Is a Motion to Suppress?
  • What Is a Non-Dischargeable Debt in Tennessee?
  • What Is a Nonsuit Without Prejudice?
  • What Is a Preliminary Hearing?
  • What Is a Reaffirmation Agreement?
  • What Is a Request for Dismissal?
  • What Is a Rule 3.740 Collections Defense in California?
  • What Is a Slander Lawsuit?
  • What is a Stipulated Judgment?
  • What Is a Warrant in Debt?
  • What is ABC Financial Club Charge?
  • What is ACS Ed Services?
  • What is Advanced Call Center Technologies?
  • What is Alimony?
  • What Is Allied Interstate's Phone Number?
  • What is an Affirmative Defense?
  • What Is an Assignment of Debt?
  • What Is an Attorney Malpractice Lawsuit?
  • What Is an Unlawful Detainer Lawsuit?
  • What is Bank of America CashPro?
  • What is Bitty Advance?
  • What Is Celtic Bank?
  • What is Consumer Portfolio Services?
  • What Is Credence Resource Management?
  • What Is Debt Internment?
  • What Is Discover's 60/60 plan?
  • What is Evading the Police?
  • What Is Extinguishment of Debt?
  • What is First Investors Financial Services?
  • What is Global Lending Services?
  • What is homicide?
  • What Is Lexington Law Firm?
  • What is LGFCU Personal Loan?
  • What is Moral Turpitude?
  • What is Online Information Services?
  • What is Oportun?
  • What Is Service of Process in Texas?
  • What is sewer service?
  • What Is Summary Judgment?
  • What is Synchrony Bank's Hardship Program?
  • What Is T-Mobile's Phone Number for Debt Collection?
  • What Is the Amount of Money You Still Owe to Their Credit Card Company Called?
  • What is the Deadline for a Defendant's Answer to Avoid a Default Judgment?
  • What Is the Formula for Calculating Closing Costs?
  • What Is the Minimum Amount That a Collection Agency Will Sue For?
  • What Is the Phone Number for IQ Data?
  • What is the Purpose of the Truth in the Lending Act?
  • What is the status of my case?
  • What Is the Statute of Limitations on Debt in Washington?
  • What is the Telemarketing Sales Rule?
  • What is Unsecured Credit Card Debt?
  • What is WCTCB?
  • What is WFDS?
  • What is WUVISAAFT?
  • What is Zombie Debt, and How Do I Deal With It?
  • What Personal Property Can Be Seized in a Judgment?
  • What Should I Do If Crown Asset Management Suing Me?
  • What Should I Do If OneMain Financial Is Taking Me to Court?
  • What Should You Do if You Can't Pay Your Mortgage?
  • What states require a professional licensing number for debt collectors?
  • When Does Exeter Finance Repo Cars?
  • When Is My Rent Due Legally?
  • Where’s My Amended Tax Return?
  • Which Bank Does Macy's Credit Card Use?
  • Who is EOSCCA?
  • Who is Over the Loan Forgiveness Program at KHESLC?
  • Who is Synchrony Bank? — Beat Them in Court
  • Who is Jefferson Capital Systems LLC — How to win in court
  • Why Being Judgment Proof Is Not a Defense to a Lawsuit
  • Why Can't Lawyers Give Legal Advice?
  • Who is Synchrony Bank? — Them in Court
  • Why Do Debt Collectors Block Their Phone Numbers?
  • Why Do Lawyers Charge So Much?
  • Why Is the Sheriff Looking for Me?
  • Why Would a Sheriff Come to My House with Papers?
  • Will Bankruptcy Stop a Judgment?

How-to debt guides

  • How to Beat Westlake Portfolio Management
  • How to Access Free Debt Relief
  • How to Answer a Lawsuit for Debt Collection
  • How to Appear in Court by Phone
  • How to Apply For Unemployment Benefits in Florida
  • How to Avoid Getting Served
  • How to Beat a Bill Collector in Court
  • How to Beat a Debt Collector in Court
  • How to Beat a Lawsuit From a Debt Collector
  • How to Cancel a Merrick Bank Credit Card
  • How to Cancel an American Eagle Credit Card: A Step-by-Step Guide
  • How to Cancel JCPenney Credit Card
  • How to Deal with Debt Collectors
  • How to decide what to do next in a lawsuit
  • How to Defend Yourself in Court
  • How To Develop A Debt Repayment Plan That Works
  • How to Discharge a Debt with UCC
  • How to Dispute a Debt and Win
  • How to Dispute a False Positive Drug Test
  • How to dispute a rental collection
  • How to Drag Out an Eviction
  • How to Fight a Motion for Relief From Automatic Stay
  • How to Fight an Eviction
  • How to Fight Debt Collectors in Court and Win
  • How to File a Civil Answer in Kings County Supreme Court
  • How to File a Civil Answer With the Duval Clerk of Courts - Florida
  • How to File a Motion to Extend Time
  • How to File a Motion to Satisfy Judgment in Utah
  • How to File a Motion to Set Aside Judgment
  • How to File Chapter 13 Without an Attorney
  • How to File in Bergen County Superior Court
  • How to File in Deschutes County Circuit Court
  • How to File in Josephine County Courthouse
  • How to File in Miamisburg Municipal Court
  • How to File in Monmouth County Courthouse
  • How to File in Oak Grove Courthouse
  • How to File in Oregon Small Claims Court
  • How to File in Small Claims Court in Iowa
  • How to File in the Houston County Superior Court
  • How To Fill Out the PLD-C-001
  • How to Find My Bridgecrest Login
  • How to Find Out If You're Being Sued
  • How to Find Out What Collection Agency Owns Your Debt
  • How to Find the Attorney That is Suing You (Secret)
  • How to get a case dismissed without prejudice on statute of limitations
  • How to Get a Divorce in Florida
  • How to Get Credit Card Debt Relief
  • How to Get Debt Relief (Ultimate 50 State Guide 2023)
  • How to Get Out of a Bridgecrest Loan
  • How to get out of a RISE loan
  • How to Get Out of Debt Before Retirement
  • How to Get Out of Paying HOA Dues
  • How to Get Relief From a Gambling Debt
  • How to Hire a Mediator
  • How to Identify Age Discrimination in the Employment Act
  • How to identify fake and abusive debt collectors
  • How to Liquidate Credit Cards Into Cash
  • How to liquidate your assets to pay off debt
  • How to Make a 609 Letter That Really Works
  • How to Make a Debt Validation Letter - The Ultimate Guide (2023)
  • How to Make a Motion to Dismiss
  • How to Make a Motion to Lift Stay
  • How to Make a Motion to Vacate Judgment
  • How to Make a Will
  • How to Make an Eviction Appeal
  • How to Make Motion to Set Aside — Ultimate Guide
  • How to Negotiate a Lien on a House
  • How to Negotiate Credit Card Debts
  • How to Paramount Recovery
  • How To Pay for College and Avoid Debt
  • How to Pay off Your Destiny Credit Card
  • How to Perform Voluntary Repossession
  • How to Protect Your LLC with a Registered Agent Service
  • How to Recover from a Negative Bank Balance
  • How to Report the Cancellation of a Debt on a 1040
  • How to Respond to a Debt Collection Summons in Wyoming
  • How to Respond to a Debt Lawsuit vs United Collection Bureau
  • How to Respond to a Lawsuit Against Northstar Location Services
  • How to Respond to a Sheriff's Note On Your Door
  • How to respond to a Summons from VanSlam, Inc
  • How to Respond to Plaintiff's Counsel
  • How To Respond to Request for Admission
  • How to Satisfy a Judgment
  • How to Spot Common IRS Scams
  • How to Stop Eviction Lawyers
  • How to Stop Pinnacle Collections Agency
  • How to Support Employees With Debt – HR Solution
  • How to Use a Bonus to Solve Your Financial Problems
  • How to Travel Without Falling into Debt: Embracing the "Workcation"
  • How to Use King County Superior Court Electronic Filing
  • How to Use Montgomery County E-Filing
  • How to use My.Loanbuilder
  • How to Use the Doctrine of Unclean Hands
  • How to Walk Away from Credit Card Debt
  • How to Win a Citibank Debt Lawsuit
  • How to Win a Collect Pros Dispute
  • How to Win a Credit One Bank Lawsuit
  • How to Win a Debt Lawsuit Against Security Credit Services
  • How to Win a Freedom Debt Relief Lawsuit
  • How To Win a Mariner Finance Lawsuit
  • How to Win a Portfolio Recovery Associates Debt Lawsuit
  • How to Win When Sued by Blitt & Gaines
  • How to Win When Sued by Pharia LLC
  • How to Win When You're Sued by Paragon Revenue Group
  • How to Write a Hardship Letter
  • How to Write a Re-Aging Debt Letter

Learn more with these additional debt resources

  • A Comprehensive Guide to Business Loans in the U.S.
  • Bar Associations for All 50 States
  • Bank of America Is Suing Me For Credit Card Debt — How to win
  • Best Debt Consolidation Strategies
  • Biggest Debt Collection Agencies (2023)
  • Budgeting for Language Learning: Tips for Language Enthusiasts in Debt
  • BYU Personal Finance Online Course (How to Get Back on Track After a Debt Lawsuit)
  • Collection Agencies Phone Numbers
  • Cómo resolver una deuda
  • Cómo responder a una demanda civil por deuda
  • Countersuing a Company: A Step-By-Step Guide
  • Credit Card Debt Forgiveness Act Explained
  • Credit Card Debt Forgiveness Because of Disability
  • Credit Repair Scam
  • Debt Collection Ageny List (2022)
  • Debt Collection Attorneys Near Me
  • Debt Collection Litigation Industry Report 2023
  • Debt Relief Programs 2023
  • Debt Validation Letter Template
  • Debt-Free Strategies: Leveraging Cash Value Life Insurance to Achieve Financial Freedom
  • Defending Yourself in Court Against a Debt Collector
  • Difference Between a Trial and a Hearing
  • Do This If You're Sued by Express Recovery for Debt
  • Don't Make a Payment to Arnold Scott Harris
  • Everything You Need to Know About Getting Divorced
  • Forging a Path to Debt-Free College: Innovative Approaches to Financing Your Higher Education
  • Free Legal Aid in Bullhead City, Arizona
  • Free Legal Aid in Marion, Ohio
  • Fruit of the Poisonous Tree
  • Going to Court for Credit Card Debt - Everything You Need to Know
  • Going to Court for Credit Card Debt — Key Tips
  • Guide to Elderly Debt Collection Laws
  • Hearing Vs. Trial
  • Help! A Debt Collector Is Calling My Work
  • Help! I'm Being Sued by My Debt Collector
  • Here Is Ocwen's Mailing Address
  • Here's the Phone Number for Colinfobur (a Debt Collector)
  • Hours of Service Violations - 10 Effects
  • How a CPA Can Save Your Small Business Money
  • How Attorney Contingency Fees Work
  • How Credit Counseling and Financial Education Can Help You Manage Debt
  • How Debt Affects Mental Health
  • How Do You Demonstrate Financial Hardship?
  • How Eviction Works for Renters
  • How I Won My Credit Card Debt Lawsuit (Interview)
  • How Legal Billing Software Streamlines Trust Fund Management
  • How Not to Pay a Judgment
  • How the Consumer Financial Protection Bureau Debt Collection Rule Applies to You
  • How VPNs Protect Your Financial Privacy and Assist in Debt Relief
  • I Got Sued Because of Credit Card Fraud—How I Beat American Express in Court
  • I'm in Debt With No Job and No Money — What to Do
  • Importance of Identity Verification for Buy Now Pay Later Providers
  • Interview With A Former Debt Collector
  • Is Zombie Debt Still a Problem in 2019
  • Kentucky Debt Collection Laws — What You Need to Know
  • Lawsuit Deadline Calculator (The best one!)
  • Legal Aid in All 50 States
  • Legal Aid in the US Ultimate Guide (2022)
  • Legal Support Services for Debt Collection
  • Liquidated Debt vs. Unliquidated Debt
  • Living Trust vs. Will—Which One You Need
  • Luxury on a Budget: 10 Ways to Have Luxury Experiences While Managing Debt
  • Make Solomon and Solomon PC validate a debt
  • Make Stephen Einstein validate a debt
  • Massachusetts Debt Collection Laws – What They Say
  • Money Management Tips for Senior Citizens
  • Motion for Default Judgment - Everything You Need to Know
  • My Bank Account is Negative $1,000 — Fix it
  • National Debt Relief Screwed Me — What to Do Next
  • Navigating Your Finances Wisely: A Look at the Best Credit Cards of 2023
  • New Debt Collection Laws 2022
  • Nonsuit vs Dismissal in a Debt Collection Lawsuit
  • Oregon Eviction Laws - What They Say
  • Overcoming College Debt Challenges: Top Strategies for Financial Freedom
  • Plaintiff vs Defendant — What's the difference
  • Pro Se Meaning
  • Q&A How to Resolve Your Debt Lawsuit (April 19, 2023)
  • Q&A: How to Resolve Your Debt Lawsuit (July 12, 2023)
  • Q&A: How to Resolve Your Debt Lawsuit (July 26, 2023)
  • Q&A: How to Resolve Your Debt Lawsuit (June 21, 2023)
  • Q&A: How to Resolve Your Debt Lawsuit (June 7, 2023)
  • Q&A: How to Resolve Your Debt Lawsuit (May 17, 2023)
  • Q&A: How to Resolve Your Debt Lawsuit (May 24, 2023)
  • Q&A: How to Resolve Your Debt Lawsuit | May 10, 2023
  • Q&A: Resolve Your Debt Lawsuit (May 3, 2023)
  • Read This if You're Being Evicted With Children
  • Resolve Your Collection Lawsuit in 3 Steps
  • Resolve Your Debt Lawsuit Q&A (March 29, 2023)
  • Resolve Your Debt With A Summons Response: A Step-by-Step Guide
  • Respond to A Rocket Receivables Collector
  • RICO Charge
  • Sample Answer to Summons for Credit Card Debt Lawsuit
  • Sample Cease and Desist Letter Against Debt Collectors
  • Sample Letter to Remove a Charge-Off from Your Credit Report
  • Sirote and Permutt Foreclosure - How to Win
  • SoloSuit FAQ
  • States Where You Can Go to Jail for Debt
  • Stop Paying Credit Card Debt and Stop Worrying About It
  • Successful Tips on Dealing With Debt Collectors During the Pandemic
  • Tax Debt Compromise Program Scam
  • Template Cease and Desist Letters to Debt Collectors
  • The 7 Signs You Need Debt Help
  • The best strategies for paying off credit card debt
  • The Eviction Moratorium by State
  • The Eviction Moratorium in Indiana Explained
  • The Future of Legal Document Automation: Trends and Predictions
  • The Impact of Debt on Your Psychological Well-being
  • The Legal and Compliance Aspects of GPS Tracking: Key Considerations for Employers
  • The Legal Process for Burn Injury Claims: What to Expect In California
  • The Pros and Cons of Chapter 13 Bankruptcy
  • The Pros and Cons of Using Real Estate to Generate Passive Income
  • The Ultimate Guide to Responding to a Debt Collection Lawsuit in Utah (2023)
  • Tips for Leaving the Country With Unpaid Credit Card Debt
  • Top 7 Debt Collector Scare Tactics
  • Top Side Hustles to Pay Off Debt
  • Trespassing
  • USC 15 Section 1662(b) Explained
  • Use MacBook and Tech to Protect Yourself From Debt Collectors Online
  • Use This 11 Word Phrase to Stop Debt Collectors
  • Use this Sample Answer to Summons for Credit Card Debt
  • Vermont Statute of Limitations on Debt
  • West Virginia Statute of Limitations on Debt
  • What Are the Phone Numbers for United Recovery Systems
  • What Happens After I File an Answer to My Debt Lawsuit?
  • What to Consider Before Signing a Stipulated Judgment, The Ultimate Guide
  • What to Do About a Disputed Debt
  • What to Do After Filing an Answer in a Debt Collection Lawsuit
  • What to Do If a Debt Collector Is Attempting to Collect a Discharged Debt
  • What to Do If a Debt Collector Sues You
  • What to Do if You're Delinquent on Debt
  • What to do when you get a fake court summons or phone call
  • What to Say When You're in Court for Eviction
  • What You Need to Know about ChexSystems
  • Win Your Debt Lawsuit Q&A (April 5, 2023)
  • You're Drowning in Debt — Here's How to Swim
  • 3 Crazy Credit Card Debt Stories
  • 3 Reasons Banks Can Freeze Your Account
  • 3 Things to Know About Bright Lending
  • 4 Ways to Get Local IRS Tax Help in Your State
  • 5 Best Debt Reduction Services of 2022
  • 5 Expenses You Can Cut to Save Money and Pay Off Debt
  • 5 Legal and Deadly Lessons From Bicycle Accidents
  • 5 Tips on How to Use Debt to Build Wealth
  • 5 Ways Identity Theft Can Happen
  • 7 Quick Solutions to Typical Family Money Problems
  • 7 Ways to Protect Your Banking Information

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  • Insights & events

Assigning debts and other contractual claims - not as easy as first thought

Updates to UK Money laundering rules - key changes

Harking back to law school, we had a thirst for new black letter law. Section 136 of the Law of the Property Act 1925 kindly obliged. This lays down the conditions which need to be satisfied for an effective legal assignment of a chose in action (such as a debt). We won’t bore you with the detail, but suffice to say that what’s important is that a legal assignment must be in writing and signed by the assignor, must be absolute (i.e. no conditions attached) and crucially that written notice of the assignment must be given to the debtor.

When assigning debts, it’s worth remembering that you can’t legally assign part of a debt – any attempt to do so will take effect as an equitable assignment. The main practical difference between a legal and an equitable assignment is that the assignor will need to be joined in any legal proceedings in relation to the assigned debt (e.g. an attempt to recover that part of the debt).

Recent cases which tell another story

Why bother telling you the above?  Aside from our delight in remembering the joys of debating the merits of legal and equitable assignments (ehem), it’s worth revisiting our textbooks in the context of three recent cases. Although at first blush the statutory conditions for a legal assignment seem quite straightforward, attempts to assign contractual claims such as debts continue to throw up legal disputes:

  • In  Sumitomo Mitsui Banking Corp Europe Ltd v Euler Hermes Europe SA (NV) [2019] EWHC 2250 (Comm),  the High Court held that a performance bond issued under a construction contract was not effectively assigned despite the surety acknowledging a notice of assignment of the bond. Sadly, the notice of assignment failed to meet the requirements under the bond instrument that the assignee confirm its acceptance of a provision in the bond that required the employer to repay the surety in the event of an overpayment. This case highlights the importance of ensuring any purported assignment meets any conditions stipulated in the underlying documents.
  • In  Promontoria (Henrico) Ltd v Melton [2019] EWHC 2243 (Ch) (26 June 2019) , the High Court held that an assignment of a facility agreement and legal charges was valid, even though the debt assigned had to be identified by considering external evidence. The deed of assignment in question listed the assets subject to assignment, but was illegible to the extent that the debtor’s name could not be deciphered. The court got comfortable that there had been an effective assignment, given the following factors: (i) the lender had notified the borrower of its intention to assign the loan to the assignee; (ii) following the assignment, the lender had made no demand for repayment; (iii) a manager of the assignee had given a statement that the loan had been assigned and the borrower had accepted in evidence that he was aware of the assignment. Fortunately for the assignee, a second notice of assignment - which was invalid because it contained an incorrect date of assignment - did not invalidate the earlier assignment, which was found to be effective. The court took a practical and commercial view of the circumstances, although we recommend ensuring that your assignment documents clearly reflect what the parties intend!
  • Finally, in Nicoll v Promontoria (Ram 2) Ltd [2019] EWHC 2410 (Ch),  the High Court held that a notice of assignment of a debt given to a debtor was valid, even though the effective date of assignment stated in the notice could not be verified by the debtor. The case concerned a debt assigned by the Co-op Bank to Promontoria and a joint notice given by assignor and assignee to the debtor that the debt had been assigned “on and with effect from 29 July 2016”. A subsequent statutory demand served by Promontoria on the debtor for the outstanding sums was disputed on the basis that the notice of assignment was invalid because it contained an incorrect date of assignment. Whilst accepting that the documentation was incapable of verifying with certainty the date of assignment, the Court held that the joint notice clearly showed that both parties had agreed that an assignment had taken place and was valid. This decision suggests that mistakes as to the date of assignment in a notice of assignment may not necessarily be fatal, if it is otherwise clear that the debt has been assigned.

The conclusion from the above? Maybe it’s not quite as easy as first thought to get an assignment right. Make sure you follow all of the conditions for a legal assignment according to the underlying contract and ensure your assignment documentation is clear.

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Debt Assignment and Assumption Agreement

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Debt Assignment and Assumption Agreement

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A Debt Assignment and Assumption Agreement is a document whereby one party (the "assignor") assigns their debt to another party (the "assignee"), and the assignee agrees to pay the debt to the assignor's creditor.

A Debt Assignment and Assumption Agreement presumes that there is a debt that the assignor needs to pay to the creditor . This debt could arise from any circumstance, including a loan or maybe an unpaid contract of sale or services . In any case, this debt is then assigned (or transferred) to the assignee who will now have the obligation to pay the creditor . The parties may also choose whether the entire debt will be assigned or only a portion of it.

This document offers the option of having the debt transferred to the assignee completely or that the assignor and the assignee will be liable for the debt together . In the first option, the creditor will no longer have the right to ask for payment from the assignor even if the assignee fails to pay. In the second option, the creditor should first ask for payment from the assignee and, if the assignee fails to pay, they can ask for payment from the assignor. Either way, the creditor should sign and agree to the terms of the Debt Assignment and Assumption Agreement.

How to use this document

The user should enter all the information necessary to complete the document. This includes the names and addresses of the assignor, the assignee, and the creditor, the total amount of the debt and, if only a portion of the debt will be transferred, the amount that will be transferred. Once the document is completed, it should be carefully reviewed by all the parties and, if the document is correct, it should be signed by all the parties.

Each party should keep a copy of the document for their records.

Notarizing the document

If the parties would want to notarize the Debt Assignment and Assumption Agreement, the document also includes an Acknowledgment portion. Notarization of the document converts the document from a private document to a public document so that it becomes admissible in court without need of further proof of its authenticity.

To notarize the document, the parties must print and sign an extra copy (for the notary public) of the document and bring all the copies to a notary public to acknowledge that they have signed the Debt Assignment and Assumption Agreement freely and voluntarily . They should also present a valid I.D. issued by an official agency bearing their photograph and signature such as a driver's license or a passport, among others.

Notarizing this document is optional .

Once notarized, the parties should each keep at least one (1) copy of the notarized document and the notary public will also keep one (1) copy for their notarial book.

Applicable law

The laws on contracts and obligations under the Civil Code of the Philippines applies.

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Other names for the document:

Debt Assignment and Assumption Contract, Agreement to Assign Debt, Agreement to Assume Debt, Assignment and Assumption of Debt, Assumption and Assignment of Debt

Country: Philippines

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In the recent High Court decision in Nicoll -v- Promontoria (Ram 2) Ltd [2019] EWHC 2410 (Ch), the validity of an assignment of debts and the notice requirements is considered.

The High Court in this case considered whether a notice of assignment in relation to a debt, which mentioned an unverifiable date of assignment, was still valid and enforceable against the debtor. 

The debt in question originally arose between the debtor and the Co-operative Bank (Bank) and was evidenced in various facility letters between September 2010 and May 2013. A sum of over £10 million was advanced by the Bank to the debtor, and security was taken by the Bank in the form of charges over certain property. The overall balance was repayable by May 2015, but the debtor defaulted on the payment terms.

On 29 July 2016, the Bank assigned (or purported to assign) its debt and security to Promontoria. Both the Bank and Promontoria provided joint notice of the assignment in a single document to the debtor on 2 August 2016, with wording that the debt had been assigned ‘on and with effect from 29 July 2016’. There was no express reference to the date of the assignment or the assignment effective date, but rather this was defined by reference to the completion date in a related but unreferenced loan sale deed, so a more complicated analysis of a series of documents was required to reach the actual date of the assignment.

Promontoria proceeded to pursue the debtor for the debt by serving a statutory demand, dated 27 January 2017, and referred to the deed of assignment within its contents for payment of the outstanding debt.

The debtor’s attempt to have the statutory demand set aside was dismissed at the initial hearing, but the debtor received leave to appeal to the High Court on one issue. The debtor sought to challenge the effectiveness of the assignment of the debt based on an inability to work out from the notice of assignment whether the completion date for assignment had actually occurred. The debtor argued that:

  • the case of WF Harrison -v- Burke [1956] 1 W.L.R. 419 is authority that a notice of assignment that gets the date of assignment wrong is invalid and, as a result, the assignment is not good against any debtor; and
  • the date of assignment stated in the notice given to him was unverifiable, and therefore potentially wrong, rendering the notice invalid

The High Court agreed that the documentation disclosed by Promontoria to the debtor after the notice of assignment was insufficient to verify the date on which assignment had occurred, due to cross-referencing to other documents and there being conditions for completion. However, the High Court distinguished this case from WF Harrison -v- Burke case as the joint notice of assignment did not specify the date of the deed of assignment. It specified the date on which the assignment took effect, which is different. In WF Harrison -v- Burke , the notice of the assignment (given by the assignee only) specified the date of the assignment document (as opposed to the assignment itself) and got it wrong. In the present case, the notice of assignment was from both Promontoria and the Bank, i.e. assignor and assignee and made clear that the parties considered the assignment to be complete. In the circumstances, the debtor was not entitled to challenge Promontoria’s title to the debt.

The High Court accepted that while Promontoria had not produced evidence which in terms showed what the effective date of the assignment was, the joint notice clearly showed that both the Bank and Promontoria agreed and accepted that the assignment had taken place, and was sufficient evidence for the present purposes to be valid. The judge said: ‘The question is not whether Promontoria have provided a chain of proof through the wording of the documents. If that were the question then Promontoria would fail. The question is whether Promontoria has demonstrated that there is a completed assignment. I consider that it has. The crucial matter is the notice of assignment, against the background of the assignment document. The assignment documentation demonstrates a clear intention to assign even if the documents do not match up as they ought to. The notice of assignment provides clear evidence that the assignment has taken place.’ Accordingly, the High Court concluded that there was no arguable case that the assignment’s effective date had not occurred and considered that the assignment had been sufficiently demonstrated to be effective as against the debtor.

The High Court clearly held that a notice of assignment of a debt given to a debtor was valid, even though the assignment effective date, referred to in the notice, could not be verified by the debtor. The judgment provides strong support for the proposition that it is not open to debtors to seek to find alleged defects in any assignment, as long as they have been properly notified of the assignment and most importantly that the assignor and assignee both agree that the assignment is valid. This is a welcome decision for all creditors.

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    Debt Eraser Review. Heather. Assignment of debt means that the debt has been transferred, including all obligations and rights, from the creditor to another party. The debt assignment means there has been a legal transfer to another party, who now owns the debt. Usually, the debt assignment involves a debt collector who takes the responsibility ...

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  17. Debt Assignment and Assumption Agreement

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