If I Get a 1099-C, Do I Still Owe the Debt?
Quick Summary: Usually, a 1099-C means the debt was canceled and you no longer owe it. But there are exceptions. Some creditors file a 1099-C after 36 months of no payment even though the debt hasn’t been forgiven. If a creditor is still trying to collect after sending you a 1099-C, contact them to clarify […]
What to Do When Your Merchant Cash Advance Goes to Collections
Quick Summary: If your merchant cash advance is in collections, act fast. MCA providers can freeze your bank account, seize business assets, or sue you without warning if your contract includes a confession of judgment. You have options: dispute the debt, negotiate a settlement, or work with an attorney to challenge unfair contract terms. The […]
How to Get a Credit Card Debt Lawsuit Dismissed
Quick Summary: If a credit card company sues you, don’t panic, and don’t ignore it. You may be able to get the lawsuit dismissed if the debt isn’t yours, you already paid it, the amount is wrong, or the statute of limitations has passed. The key is responding on time, gathering evidence, and working with […]
