4. If you do not owe a home, or home you do own has negligible equity built up then you cannot get equity from your home. Still, depending on your income, you may be eligible for mortgage refinancing below market rates. Check with your bank or local housing authority to see if you qualify for a low or moderate income loan. The savings you realize through reduced mortgage payments may help you pay down your debt.

Finding debt reduction solutions that work for you is an important first step in eliminating debt. Make a plan and stick with it and you will soon be living a debt free/care free life.

• In a store, there might be a sign posted that says electronic checks are used.
• For mailed checks, businesses might include notice on a monthly statement or under terms and conditions section of your agreement.
• In addition to notice, information should also be provided from company on how insufficient funds are collected and what associated fee is for recovering those funds.

Do I Get My Check Back and Will Payment be Shown on My Monthly Statement?

Your bank may be unable to give you a copy of your checks, so it is important to keep records of checks written out – duplicate checks are a great solution to this dilemma. If you run into a bind and need a copy of a check written to a merchant, check with that business, they may be able to provide it to you.

You payment must be shown on your monthly bank statement. It should include name of business, payment amount and date payment was electronically transferred from your account.

What if There is an Error on Your Account or Unauthorized Transactions?

Be in habit of reviewing your account regularly for errors. Did two payments go through instead of one? Were you charged wrong amount? By law, you have 60 days from date your statement was sent to you to notify your financial institution of any errors. Your bank may take up to 45 days from when you notify them to investigate issue. Normally, your bank will credit your account while investigation occurs.