Archive for March, 2010

Many debt collection agencies are well versed in how to try to fool and deceive other people because they have it done to themselves so regularly. This means that they will try to do the same to you in some situations, unless you have a way to hold them to their word. One… »

Anyone that has ever been contacted by a debt collector over the phone knows the tactics that they work by, fear and intimidation. A debt collector will try everything to spark an emotion in you that makes you want to pay up now instead of wasting any more of their time or money. … »

Many people who are mired in debt start to lose track of just what they owe and how much of it they owe because of the long list of credits and debits. People tend to believe the amounts they are told and pay off what is requested without so much as second guessing the… »

Debt collectors and debt settlement agencies don’t always start the process with the intention of receiving every last penny owed to them. While this would be the goal of any situation, most debt collection or settlement agencies realize they will only get a fraction of what is owed. They are happy to recoup… »

Any debt collector believes that they have the upper hand in the debt settlement process because they have the power to affect your credit report. Since they know that you have to pay or suffer the consequences they will demand anything and everything to make you act on an offer. This is why… »

When the debt collection or debt settlement process begins the debt collection agency is required to send you a letter promptly that defines the debts you owe. This letter cannot be ambiguous or difficult to understand, it must clearly state that they are trying to collect on a debt for a specific business and… »

Many people make the mistake of cutting a check to a debt collector without having so much as a true record of the agreed upon payment amount. This is a big mistake to make if you want to only be responsible for paying what you owe and nothing more. For this reason you… »

If you have reached this step you are undoubtedly thrilled and can’t wait to move on to the next phase of your life. Your debt has been repaid and you now have more money to spend on a monthly basis as well as a large monkey off of your financial back. Once you… »

The introduction of new credit card rules will eventually change the way that credit cards are used and viewed in the American psyche. Credit card companies have long had the reputation of being greedy companies looking for another loose penny, and for good reason. Now, the Federal Government has stepped in and changed… »

Thanks to new regulations set in motion by the Federal Government it just became easier for you to pay down your credit card. For a long time credit card companies have had free reign over how they charge you fees and apply interest to your card. This was very disadvantageous to the consumer… »