An attorney specializing in debt settlement represents clients in disputes with lenders, creditors, and debt collectors. They help their clients negotiate settlements with creditors that are sometimes significantly lower than what they owe.  Debt settlement attorneys assist those battling unsecured debt, including credit card debt, personal loans for students, payday loans, medical expenses, and more.…

The Texas Debt Collection Practices Act (TDCPA) is an important piece of legislation that protects consumers in the state of Texas from aggressive debt collection practices.  The Act, passed in 1977, forbids debt collectors from using unfair, abusive, or deceptive practices when collecting a debt from a consumer. The Act also provides consumers the right…

Force-placed Insurance comes by many names. In some institutions, it is better known as lender-placed, creditor-placed, or collateral protection insurance. No matter what it is called, its purpose remains the same: to protect lenders from losses if borrowers fail to maintain adequate insurance coverage for their collateral. How Do You Get Force-Placed Insurance?  Your lender…

Suspense accounts are a type of temporary holding account used by businesses to track income and expenses that have not yet been allocated to a specific purpose. This can happen for various reasons, such as when invoices are received but not yet matched to a purchase order, or when expenses are incurred but not yet…