A New Debt Collection Law: What It Means for You

Managing Debt

A New Debt Collection Law: What It Means for You

A New Debt Collection Law: What It Means for You

Companies that purchase charged off consumer debts owed by California residents will have some new and stricter guidelines to follow starting on Jan. 1, 2014. The changes are outlined in California’s Fair Debt Buying Practices Act. Most of the new rules resulting from the Act will be applied to debts purchased after the enactment date…. Read More

10 Common Credit Questions for Debt Collectors

Managing Debt

10 Common Credit Questions for Debt Collectors

10 Common Credit Questions for Debt Collectors

Many of us recovering from a financial setback in which bills went unpaid for an extended period of time wind up with accounts in collections. There are different approaches you can take to solve debt problems that result from a cash crunch. But there is another side to debts in collection – the credit crunch…. Read More

Why It Pays to Know Your Debt Collector

Managing Debt

Why It Pays to Know Your Debt Collector

Why It Pays to Know Your Debt Collector

If you have ever fallen behind on your bills, you know what it means to be hounded by debt collectors. The constant barrage of late notices and collector phone calls can blend together into one big collection blur. Depending on the length of the financial setback, your debt picture can stay fuzzy for many months,… Read More

How to Figure Out Who Your Debt Collector Is

Managing Debt

How to Figure Out Who Your Debt Collector Is

How to Figure Out Who Your Debt Collector Is

If you have ever been unable to keep up payments on your debt, you know that creditors make calls and send collection notices, and often for many months. Those constant reminders of your late payment can then suddenly stop. However, unpaid bills do not just disappear after your bank stops trying to collect. Your old… Read More

Is Debt Collection About to Become Fairer?

Managing Debt

Is Debt Collection About to Become Fairer?

Is Debt Collection About to Become Fairer?

Billions of dollars of debts go unpaid every year. This fact is not surprising. But what may surprise you is that the majority of bills that go several months late will never get paid, and there is a huge market for these unpaid bills. Investors are willing to buy bad uncollected debts (already proven to… Read More

Are Debt Collectors Stalking You Online?

Managing Debt

Are Debt Collectors Stalking You Online?

Are Debt Collectors Stalking You Online?

Debt collectors spend a lot of time chasing down accounts, many of which will never result in a payment being made. A smart collector will spend time trying to collect on accounts that are most likely to have the ability to pay. Therefore, some collectors are looking beyond the traditional tools, like your credit report,… Read More

New York: Great Pizza, Bagels… & Debt Collection Laws?

Managing Debt

New York: Great Pizza, Bagels… & Debt Collection Laws?

New York: Great Pizza, Bagels… & Debt Collection Laws?

Personal financial challenges can be daunting. Struggling to pay bills is tasking enough, but when you throw in having to deal with aggressive debt collector calls, letters, even legal actions, it can become overwhelming, and often confusing. Federal and state laws regarding how debts can legitimately be collected exist to level the playing field. And… Read More

How Getting Out of Debt Can Hurt Your Credit

Managing Debt

How Getting Out of Debt Can Hurt Your Credit

How Getting Out of Debt Can Hurt Your Credit

A common concern you may have when searching for the best debt relief solution is how it will impact your credit score. There are many misconceptions about credit reports and the harm that comes from credit counseling, settling debt for less than what you owe and bankruptcy. Your credit report and credit score will heal… Read More

What Happens to Your Unpaid Debt

Managing Debt

What Happens to Your Unpaid Debt

What Happens to Your Unpaid Debt

In the first part of the Debt 101 series I talked about taking advantage of lower credit card payment opportunities that many lenders offer to their customers who fall behind with payments. Depending on the situation, capitalizing on the earliest opportunities to work directly with your credit card lender can deliver the results needed to… Read More

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