Debt Adviser ; Age a Factor in Efforts to Collect Debt
Columbia Daily Tribune (June 09, 2008)
Author: Steve Bucci .
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Dear Debt Adviser,
My mother is 90 and has around $20,000 in credit card debt. She receives Social Security and has a small pension. She only has about $10,000 equity in her home. What can the creditors do to her? Would it be best to file bankruptcy? - GwenDebt Adviser ; Age a Factor in Efforts to Collect Debt
Dear Gwen,
When it comes to inducing a payment, creditors have more "remedies" than your local CVS. Items in their arsenal include raising interest rates, adding fees, making...Try vLex for FREE for 3 days
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