tim asked: I’ve got some debt that’s currently in collections. And I got to talking to one of the debt collectors and he revealed that the average company is willing to settle for about 75% of the debt owed.
But since they’re basically screwing you with outragous interest that never allows you to really pay [...]

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Lisa J asked: I filled out an online application for information about getting rid of debt, and I’ve heard that you can legally eliminate your debt?? I’ve know that Settlement is a good option, but not sure about Elimination. Anyone know?

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Stephen S asked: I live in the State of Georgia and am being sued over an old credit card that I defaulted on. It has been more than 4 years but less than 6 years since the date of default, so depending on whether credit card debt is considered an open account or a [...]

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jf3 asked: When company A pays a 15% premium to acquire the stock of company B, what happens to the debt of commpany B? Does company A absorbed the debt, pay it off? Is company B responsible for paying it off?

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