Fix Bad Credit
by John Cooper If you have a low credit score contrary to popular belief you do not have to just wait seven years for your credit report to ... has received some form of payment. For example with a charged off credit card account the debt has been sold to a collection agency, and the lender has no need to save any record of your account [more...]
Date: 2008-12-24 10:55:40
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Fierce Financial Tips: The Carnival of Personal Finance #178, Struwwelpeter Edition
I’ve been waiting for this chance to host The Carnival of Personal Finance for some time ... , and this time, I think I do….! This edition commemorates a rather strange and bizarre collection ... about forgiving credit card debt. In fact, if Congress changes the accounting rules surrounding credit [more...]
Date: 2008-11-10 05:46:25
Facing Debts after Wedding
After my personal experience in the difficulties I have faced when I was dealing with the debts after my marriage I have decided to share some ... . 3) Debt Collection Agency: So finally I just want to introduce this website which can be helpful ... much debt. The big amounts I was having was $15000 in credit card debt and 3 years on car payments [more...]
Date: 2009-01-15 15:04:28
The Quest to Eliminate Debt
I am glad to report that we are definitely seeing the light at the end of the tunnel from where we are at ... and I collectively have a total of four credit cards, minus the supplementary card, which generates ... one of the reasons why we paid off the aforementioned credit card balance. Before the next cycle [more...]
Date: 2008-07-16 11:05:42
Debt Collectors Are Facing Reality
dreamstimefree_17571302 Are debt collectors starting to face reality when it comes to payment of overdue bills? ... percent to 70 percent of a person’s total credit card debt. After many instances of collection abuse ... to cover their bills in a declining economy. The New York Times reported lenders and debt collectors [more...]
Date: 2009-01-15 15:16:33
Spending Control.
Christmas is almost upon us and so I’m very sure that you have already finished or about to finish shopping gifts for your loved ones and friends ... about your expenses. The collection agencies are on a holiday break too so start thinking about credit cards and debt ... of your cosigners, you’ll find a way out of debt. There are financial institutions [more...]
Date: 2008-12-19 02:54:40
In major settlement, St. Louis Park company agrees to stop handling consumer arbitration disputes
Less than a week after being sued by the Minnesota attorney general’s office, the nation’s largest arbitrator of credit card and consumer collections has agreed to stop performing such work, state Attorney General Lori Swanson announced today. The National Arbitration Forum, based in St. Louis Park, allegedly deceived consumers into thinking it was a neutral arbitrator in debt collection, the lawsuit said. [more...]
Date: 2009-07-19 21:01:22
Erase Bad Credit
by John Cooper If you have bad credit there is hope ... has received some form of payment. For example with a charged off credit card account the debt has been sold to a collection agency, and the lender has no need to save any record of your account. Recent [more...]
Date: 2009-01-14 18:52:30
Debt Management Programs– best way to get out of debt.
A debt management program collectively takes all the loans of various amount and interest rates and forms into a new loan which is released to you. After that, only a single installment is required to be paid every month on a fixed rate of interest. This process is known as debt consolidation. Usually, debtors opt for bill consolidation scheme from the fear of bankruptcy. The problem originates with the use of many credit cards or taking multiple loans from various banks for personal or investment purposes. [more...]
Date: 2009-09-08 05:51:11
The Lowdown on Wired Plastic
Wired Plastic is the brand name of one of the most rewarding prepaid debit cards out there. Unlike credit cards, there is no debt involved when purchases are charged to a debit card ... with features like online account management, automated monthly payment systems, a point-collecting [more...]
Date: 2009-01-16 02:46:02
Bad Credit Repair
by John Cooper If you have bad credit there is hope ... has likely been sold to a collection agency. Thus the credit card issuer has no reason to save ... intervention, escalated dispute information requests, and debt validation. You can also help your credit [more...]
Date: 2008-12-30 23:30:54
Carnival of Debt Reduction #151
Welcome to this week’s Carnival of Debt Reduction! Since this is Carnival #151 here’s a debt reduction example based on a credit card payment of ... !) He also submitted an article on collection agencies. Art of the Coupon explains how debt can breed ... months and $8,675.29 in interest to be rid of that debt — more than what was owed to begin [more...]
Date: 2008-08-04 08:35:02
Horse-race-loving former police chief winds up behind bars
Frank Kessler, former Garden Grove police chief, councilman and mayor, and his wife were arrested Wednesday on suspicion of financial misdeeds, ... and personal loans with a city-issued credit card. They were named in a 21-count district attorney ... card, then charged an additional$2,000 to the card to pay a debt collection agency. The PE reports [more...]
Date: 2008-12-18 19:55:29
Best Web Sites to Learn About Consumer Law Issues -- Our Chicago Consumer Attorneys Can Assist You in Your Lemon Law, Predatory Lending, Auto and RV Fraud, Unfair Debt Collection, Unfair Wage Practices Claims and Other Consumer Rights Lawsuits
[ consumer%20protection%20m-Chicago%20Consumer%20Protection%20Attorneys%20--%20Chicago%20Consumer%20Protection%20Lawyers%20--%20Chicago%20Class%20Act ... more trouble Managing credit card debt Stopping eviction, lockouts and utility shut-offs ... consolidation options How to find effective credit counseling agencies Alternatives to filing bankrupt [more...]
Date: 2009-01-04 18:28:31
Devise your own Credit Repair Plan
by Rob Kosberg You found yourself in a very bad financial situation. You may feel emotional, hopeless, guilty or all of them ... habits. It doesn’t mean a “debt consolidation,” program or a home equity loan .The word is PLAN. You will start by collecting all your credit reports, bill payment statements, and credit card [more...]
Date: 2009-01-14 23:53:58
The Credits Secrets Bible Can Help Your Credit Score
Credit is a necessity that we all need. But if it is abused or overextended, you could end up in a bad situation. Credit cards and loan debt is at an all time high and people are looking for ways to repair ... . This product is important for anyone who is sick of the debt collection calls and is feeling the burden [more...]
Date: 2009-01-11 14:35:09
Should you respond to a collection letter?
Recently a family member sought my advice on a collection letter he had received ... balance), he was still left with several thousand dollars of debt on the credit card. Since he went back ... short list of when a debtor might want to apply a debt validation letter: You need a clean credit [more...]
Date: 2008-12-29 19:42:57
Collection Agency calling from 571-431-1958 (Washington, VA)
Steve reported a Collection Agency (5714311958 from Washington area, VA) . The following comments were posted: AACC AACC AACC 5127689800 AACC 804-234-9056 assetacceptance.com Asset Acceptance is a leading purchaser and collector of charged-off consumer debt. Since 1962, we have provided credit originators such as credit card issuers, consumer finance companies, retail merchants, utilities and others an efficient alternative in recovering defaulted consumer debt. [more...]
Date: 2009-09-25 19:53:49
Bailing Out American’s Credit Card Debt
We have been hearing a lot of talk lately about bail outs. We bailed out Wall St ... collection agency than Uncle Sam. The end results ... for $16,635 in debt, excluding mortgages, according to Experian. The average credit card interest rate [more...]
Date: 2009-01-09 08:20:46
Best Web Sites to Learn About Consumer Law Issues -- Our Chicago Consumer Attorneys Can Assist You in Your Lemon Law, Predatory Lending, Auto and RV Fraud, Unfair Debt Collection, Unfair Wage Practices Claims and Other Consumer Rights Lawsuits
[ consumer%20protection%20m-Chicago%20Consumer%20Protection%20Attorneys%20--%20Chicago%20Consumer%20Protection%20Lawyers%20--%20Chicago%20Class%20Act ... get them into even more trouble Managing credit card debt Stopping eviction, lockouts and utility ... while you get back on your feet. When you cannot ignore a particular debt without serious [more...]
Date: 2009-01-04 22:18:05
1 Minute Guide to Beating your Debt
by JR Rooney Imagine being free of debt — no more sleepless nights over mounting credit card balances, no more ball-and-chain of debt feeding your anxieties, and no chance of threats from dreaded collection agencies. You can do it! Here’s the scoop — in one minute flat. 0:60 Resolve to spend less [more...]
Date: 2008-12-15 11:37:46
Financial Trouble? Consider Debt Negotiation
by Daniel Atolben Are you drowning in debt and finding it difficult to make your monthly payments? ... to a collection agency. Since credit card companies won’t be getting all the money that you’ve agreed ... Even if you’ve had no problem controlling your debt in the past, there may be something unexpected [more...]
Date: 2008-11-25 18:51:14
IRS Tax levy, Tax Collection, Tax Lien, Foreclosure Debt Foregiveness Rules May Be Amended.
Los Angeles, California - IRS will be improving IRS tax procedures to protect victims of tax-related identity theft and expanding outreach and ... to assist identity theft victims. 3. Cancellation of Debt Income. When an individual or business ... to foreclosure or who default on car loans or credit card debts. Taxpayers may exclude the amount [more...]
Date: 2008-07-22 19:43:56
Google Docs Treasure Trove
The “Free” collection of online applications included with Google Docs provide a great introduction to the SaaS world ... , invoice and business card templates are among your choices. Spreadsheet options include loan calculator, credit card payoff, invoice, debt manager, household expenses, budget planner, road trip [more...]
Date: 2008-07-27 17:17:01
Collection Agency Demands “Lump Sum”
A reader asked for advice in response to a collection agency demanding a lump sum and refusing to accept a payment plan.. Hi Barry, I have a question for you regarding a collection agency. I have a credit card account ... . I’ve been working with Bank of America through a payment program, but they recently sold the debt [more...]
Date: 2008-11-12 01:48:47
Hepzibah Tales
Talking about money management and budgets is not something I enjoy. I’d rather discuss dismemberment, or the landscape of Idaho ... of the condo, plus some child-related debt. I did pay off all my credit cards, from the home equity ... , Georgia called Hepzibah. In the 1930’s and 40’s, when he was growing up, it was a collection of houses [more...]
Date: 2009-01-14 03:33:40
Identity theft sample letters
Identity theft sample letters It’s unpleasant to find out that someone stole your credit card numbers, but it’s even worse when a collection agency begins harassing you over debt you didn’t create. CreditCards.com has assembled sample letters and a step-by-step guide to help identity theft victims [more...]
Date: 2008-09-06 06:34:18
When The Checks Stop Coming In: The Human Beat Box
Posted by Bossip Staff Yes. Another one bites the dust, again: Rap icon Doug E ... by banks looking to collect more than $3.5 million in unpaid mortgages on a trio of his Harlem homes. The rapper, 46, also is being chased by American Express for nearly $60,000 in credit-card debt [more...]
Date: 2008-12-15 15:10:01
Government Public Records Search - Why Your Personal Information May Not Be Safe
So how private is your private information? Did you know that your records can be made available government public records to just about anyone with ... lawsuits, employment and unemployment. Your bankruptcy filing, which also contains credit card ... to serve the interests of those seeking information on you such as financial institutions, debt collect [more...]
Date: 2008-12-12 17:38:18
The Basics of Dealing with a Loan Default
Over the past few weeks, ... ). Eventually, a loan default results in repossession or foreclosure (if your debt has collateral) or having that debt turned over to a collection agency (if your debt doesn’t have collateral). The impact [more...]
Date: 2008-12-09 20:00:29
Career Alliance debt climbs to more than half-million for improper spending
GENESEE COUNTY, Michigan -- The state has started formal debt collection of more than a half-million dollars against Career Alliance Inc., the taxpayer-funded job training agency that regulators say over-paid vendors, ran up unsupported credit card bills, and improperly spent... [more...]
Date: 2008-10-09 23:18:46
U.S. Debt Consolidtion Company - Right Place To Consolidate Your Credit Card Debt
Amazon.de Widgets Credit card debt is something that over 47 meg Americans are currently experiencing. There has never been a time where so many people are in debt and creditors of unsafe debt are becoming rattling worried most collecting. Delinquent accounts are increasing at unprecedented rates and creditors are thence agreeing to rattling generous debt consolidation in order to collect at least a small proportionality of their money. [more...]
Date: 2009-09-18 11:12:16
How To Handle A Credit Card Debt in Collections
A Money Crasher’s reader recently sent me a message about a credit card balance in collections ... : I have a credit card debt of a little of 8,000. It went to collection, and I just don’ ... through. Do you think it would be possible for me to set up a payment plan with the collection [more...]
Date: 2008-10-30 17:44:25
How to Avoid Unfair Collection Practices
Due to the global financial crisis, the number of debt collection agencies in the market is increasing. They are established to offer services of collecting debts on behalf of banks, financial institutions, credit card companies and loan providers. For people who are drowned in debt, it is indeed stressful to receive irritating phone calls from debt collection agents constantly. Hence, it is important to know some useful information so that you are able to avoid the unfair collection practices. [more...]
Date: 2009-09-20 06:02:50
A recent article in Business Week highlights some apparently (IMO) improper practices used by credit-card issuers in collecting debts ... Forum (NAF) … specializes in resolving claims by banks, credit-card companies, and major retailers ... of their credit-card applications to arbitrate any disputes over bills rather than have the cases [more...]
Date: 2008-06-16 19:52:25
Debt Consolidation: Don’t Dismiss Consolidation, It Can Help!
Amazon.de Widgets Consolidating Debt is often regarded by many as a sign of personal financial mismanagement when in fact it is quite the opposite as this article outlines.Debt consolidation is often considered a last choice option for people who are struggling with paying their credit card debt. Many believe that to consolidate credit debt is akin to saying that they cannot support themselves. If they were to collect some debt consolidation information, their attitude might change. [more...]
Date: 2009-09-15 14:00:05
Fair Debt Collection - Know Your Rights!
FAIR DEBT COLLECTION If you use credit cards, owe money on a personal loan, or are paying on a home mortgage, you are a “debtor ... Collection Practices Act requires that debt collectors treat you fairly by prohibiting certain methods of debt collection. Of course, the law does not forgive any legitimate debt you owe. This brochure [more...]
Date: 2008-12-27 18:39:33
How to Handle the Bill Collectors
How to Handle the Bill Collectors Posted in January 15th, 2009 Category:Debt Relief Credit card debt collection is a big business. There are millions of dollars every year from thousands of accounts that go to collection agencies for delinquency. Being in debt is never easy and it’s a very stressful time. You may receive [more...]
Date: 2009-01-15 05:53:51
Statute of Limitations in Ohio on credit card debt; Open Account vs Written Contract
From Debt Prison Forum a reader asks for advice in response to a collection agency dragging up an 8 year old credit card debt ... an acknowledgment that you owe the debt. It’s then still up to you and the collection agency to work ... I received numerous threatening calls from a collection agency or an attorney acting [more...]
Date: 2008-11-12 02:31:36
Is the credit card bailout real?
Until you actually see it happening, it isn’t real ... card debt collections. Credit card industry data indicate the average debt discharged in Chapter ... the rule. While a deal may help avoid credit card cancellation or bankruptcy, it will also lead [more...]
Date: 2009-01-06 08:34:26
Exploiting Ignorance: Money for Nothing
This post is the tentative conclusion to a series of posts, loosely about the sorts of pseudo-scams that credit card companies use to keep borrowers in debt ... that most credit card debt collection is an outright scam, is both the tip of the iceberg [more...]
Date: 2008-07-24 13:32:21
Restrictions on Wage Garnishment for Debt Collection
Many debtors that have defaulted on their credit card debt or other unsecured loans are concerned about their wages being garnished. Often collection agencies will threaten to turn your debt over to their ‘legal department’ ... for you… at no charge. The U.S. Department of Labor has developed The Federal Wage Garnishment Law [more...]
Date: 2008-11-30 16:13:23
How to Get Credit Card Debt Collectors to Focus Their Energy Elsewhere
Most of those people who cannot afford to pay their monthly minimum credit card payment become potential victims of the consumer debt collection industry. However, a growing number of consumers have found a law to protect themselves against credit card debt collectors. [more...]
Date: 2009-09-26 12:39:41
Credit Blemished Over Imaginary Credit Card [Debt Collectors]
The NES collection agency is coming after Nancy for a debt on an account number she's never owned ... the account and sold it to a collection agency, who somehow had no problem contacting me repeatedly ... of the charge, however, was when I received a collection notice several months after [more...]
Date: 2008-10-30 19:20:44
CompuCredit must "Comp You Cash"
$114 million refund in pipeline for subprime credit card users - Action Line - MiamiHerald ... Capital Systems, a debt collection company wholly owned by CompuCredit, engaged in deceptive conduct in marketing credit cards as part of its debt collection activities and engaged in abusive practices [more...]
Date: 2009-01-11 02:15:00
Credit card settlement
Debt problems happen to nearly everyone at some point in their life ... that you have made with the creditor or collection agency. Debt consolidation is a popular way of dealing ... card and you are unable to clear your debt. So you can get advice for credit card settlement [more...]
Date: 2008-11-20 04:10:51
Debt Negotiation with Credit Card Companies
by Daniel Atolben Are you drowning in debt and finding it difficult to make your monthly payments? ... to a collection agency. Since credit card companies won’t be getting all the money that you’ve agreed ... Even if you’ve had no problem controlling your debt in the past, there may be something unexpected [more...]
Date: 2008-11-26 19:15:29
How To Stop Bill Collectors From Harrassing You
A reader at Sample Debt Validation Letter asks how to get a collection agent to stop harassing her ... . Who can I report her to? And how do I get her to quit harassing me? The debt is an old credit card ... of all, once you enter the world of defaulted credit card debt - what good is it doing to talk to these people [more...]
Date: 2008-12-02 03:45:37
Capitalism Derailed--it's a Good Thing
(Author's note: this is a revised version of a previous post. I received some great and critical feedback, which, hopefully, is reflected here.) ... , our collective credit card is beyond maxed out: the national debt is estimated around $10.6 trillion ... Whether you recently lost your home or your job, had a pay cut, had to run up your credit [more...]
Date: 2009-01-04 23:33:36
Finance Fiesta #7: Mamma Mia Edition
Welcome one and all to the 7th Edition of the Finance Fiesta! This is the first carnival I have ever hosted, so hope it’s a good one for you ... she knows best. I give these posts the thumbs up as the best of the week. Mr. Credit Card from Ask Mr Credit Card answers a question from a reader “A Collections Company Sold my Debt After it was paid [more...]
Date: 2008-07-17 13:00:20
