I’ve wrote before about finding good deals at Hudson’s Salvage Center in Hattiesburg. Well this weekend was no exception. Remember the key to finding great deals at salvage stores is to go shopping at these stores often (weekly if possible) even if you don’t buy anything. I say weekly because you never know when they’ll [...]

Sporting 1.5 million souls (70% of which are randy men) the United Arab Emirates, or UAE, is home to one of the earth’s most popular regions for debtor’s prisons. If you’re a man, you’ll need a lot of debt, to buy junk with so you can outmaneuver and outrun those other young bucks, who are competing with [...]

The amount of debt you settle may be taxable by Federal and State Government. Most people are not aware that if the amount of settled debt surpasses $600, the IRS considers this taxable income. If you have settled with a creditor on a debt, they should send you a 1099-C tax form. This form will list [...]

With the Dow Jones currently at 9,000 points, Francis Newton (a Murrey Math high tech trader featured on the Gerry V radio show in New Orleans) suggests the Dow will drop to 6250 by April or May of 2009. I haven’t heard any forecasters throw out specific numbers like this so it caught my attention.  [...]

Junk Debt Buyers, also known as Debt Acquisition companies, buy debt by the bulk in large portfolios.  Often, original creditors are selling debts that were absolved due to bankruptcy or debt settlement.  And collection agencies also sell debts in bulk to other collecting companies.  Why would anyone buy debt that legally can’t be collected on?  [...]

A recent reader at Sample Debt Validation Letter questioned as to whether or not requesting debt validation would prevent a collection agency from pursuing a judgment. Since his debts were nearly past the Statute of Limitations he was hoping to prevent payment and a possible appearance in civil court.  Debt validation often works on Junk [...]

If your debt is past the Statute of Limitations a collection agency or creditor can still sue you in civil court as an attempt to obtain a judgment.  So why does the Statute of Limitations (SOL) exist and how can you use it towards your defense?  If you have any questions pertaining to this article [...]

Can you avoid paying your debts by leaving the United States and will your debt or credit report follow you to another country? If you leave, will you be arrested when you return to the United States? Can you be arrested in the country you’re moving to for the debt you leave behind in the [...]

**Disclaimer – Debtprison.net does not administer legal or financial advice. The contents of this website are my opinions on collection agencies and how to deal with them. Nothing on this website should be interpreted as legal advice or council. No opinions on this website should be used to replace the advice of your financial advisor [...]

**Disclaimer – Debtprison.net does not administer legal or financial advice. The contents of this website are my opinions on collection agencies and how to deal with them. Nothing on this website should be interpreted as legal advice or council. No opinions on this website should be used to replace the advice of your financial advisor [...]