It is not uncommon here at Loan Lawyers to encounter well-meaning consumers who have been taken advantage of by unscrupulous payday lenders. These payday lenders commonly advertise their services as helpful “bridge loans” in order to deal with unexpected expenses or simply to get customers from one pay period to…
Category: Debt Relief
At Loan Lawyers, we pay close attention to all changes to the law in the area of consumer protection, not only the good. You may have read the blog entry we wrote for March of this year about how the changing political climate may affect the rulemaking authority of the…
The vast majority of Americans are in debt. Some of these individuals will never seek any kind of legal assistance regarding their debt issues, however. They have a misconception that unless they are being sued or their debt is above some threshold limit, that there is nothing an attorney can…
Taxpayers have options if they need to remove a federal tax lien. When in the best interest of both the government and the taxpayer, there are alternatives for addressing a federal tax lien. The attorneys at Loan Lawyers may help any taxpayer negotiate a settlement with the IRS of any…
When the IRS files a federal tax lien, it is asserting a legal claim against a taxpayer’s assets to collect an unpaid tax debt. The IRS sends Letter 3172, Notice of Federal Tax Lien and Right to a Hearing to the taxpayer to give public notice to all creditors that…
An offer-in-compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service that resolves tax liabilities for less than the full amount of the tax debt. The IRS may accept an Offer in Compromise Settlement based on three grounds: Doubt as to Liability; Doubt as to Collectibility; and…
An offer-in-compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service that resolves tax liabilities for less than the full amount of the tax debt. However, if the tax debt may be fully paid through an installment agreement or another payment arrangement, the taxpayer will typically not…
It is important that taxpayers negotiate with the IRS to pay any delinquent tax debt, preferably before the IRS places a lien on property or worse, seizes it pursuant to its statutory authority to levy property. The attorneys at Loan Lawyers may help any taxpayer negotiate a settlement with the…
A federal tax lien is a legal claim by the federal government against a taxpayer’s property when he or she neglects or fails to pay a tax debt. After the IRS assesses liability by listing a balance due in its records and sending the taxpayer a Notice and Demand for Payment, it…
