What can a bank do to try to collect a past due debt ?
• What is the worst thing that can happen to me on an unpaid debt ? Q: What should I do if I’m over my head in debt? A: A financial crisis isn’t the end of the world. There are no longer debtor prisons in civilized societies, and laws give you ways to deal with financial problems. In the worst-case scenario, a person buried with debt can obtain immediate relief by filing bankruptcy. Short of taking this route, there are many options available to people who are over their heads in debt. There are many reasons a person can end up being mired in debt. Sometimes the reasons are beyond your control, such as when unexpected medical expenses arise. In other situations, a business may have failed, you may be going through a divorce, or you may be affected by a substance abuse problem. Or you may simply be one of millions of people who simply over-spend. Regardless of the reason, the law gives you a remedy if you’re willing to make the necessary sacrifices and do the work to resolve your financ
