Working independently to earn a living sometimes leads to financial trouble when contracted companies or individuals stop answering their phones and don’t pay up. The National Federation of Independent Business (NFIB) reports that nearly one in four small businesses claim their average invoiced payment extends 30 days past due. These unpaid accounts can directly affect ...
Debt collection is a billion dollar industry. Anyone can spiral into a serious debt situation. Most heavy debtors report a single or string of unexpected events that led to their debt situation such as an accident, a family members‘ death, divorce, sudden job loss, the birth of a new child, an unprofitable business venture or ...
Creditors must file a lawsuit within the time limits specified by the State of California. The time limit given to a creditor to file suit depends upon the type suit being filed. Like most attorneys, I have counseled many people who called complaining about abusive debt collectors who are trying to collect on an old ...
In part one of how to increase your credit or FICO score, I went over several methods that could potentially help your credit score. The methods that I mentioned included paying debts on time, paying down available balances, and not over applying for credit. In part two, I went over how collection account can effect ...
Here is a template for a Debt Validation Letter, Please do not use this letter word for word as many have used similar letters. Make the letter your own and change it around to fit your needs. This letter should be sent ASAP, within the time limit after you receive your first dunning letter and ...
If you have had the unfortunate pleasure of having an account turned over to a credit collection agency, you know how difficult it can be to handle the debt collectors. Some of the individuals working for these agencies use unethical and even illegal tactics in an attempt to bully you into paying your debt. There ...
So you have some undesirable debt, do you? Don’t shove your head in the financial sand just yet. Debt settlement could be your answer. In today’s poor economic climate, it is not unheard of for a creditor or collector to make the first move by approaching you with a debt settlement offer. Even though this ...
With many Americans underemployed or unemployed, already strained finances are leaving families unable to pay many of their bills and everyday household expenses. Late and unpaid credit card bills, home loans, bank loans, car loans, private student loans and others are causing some collection agencies to resort to some unethical and even illegal tactics. Many ...
Everyone has heard the horror stories about debt collection agencies. Obviously, most of these companies were breaking the law with whatever they were doing to collect on monies owed. A lot of people don’t know what these collectors can legally do and what they can’t, which is a big problem. Such a lack of knowledge ...
My knowledge of some of the most unscrupulous collection agencies came as a result of an identity theft situation. Years ago, my purse, car and brief case were stolen and the events which have transpired over the years are mind boggling. After filing various notices on my credit files and there are three of them, ...
