07 Aug
In the first two articles I defined what a delinquent account that had been sent to collection was, how sending late accounts out to an debt collection company benefits a creditor, and the practice of selling an old debt to a third party collection agency.
I wrote about what type of information a collection agency will collect and use in their efforts, and also that third party collection agencies are governed by federal and state laws and are overseen by the FTC. Read the rest of this article...
16 Jul
Your credit score. It could be a dream come true or your worst nightmare. But most of the time it is sort of like that rude mother in law coming to pay you a visit at your house. You are aware that she is coming to stay, and you are not looking forward to it, but you are too nervous to ask or even consider how long she might be paying you that visit. OK, so that analogy wasn’t that great. But anyway, read on to see just how long negative marks will stay on your credit history. Read the rest of this article...
01 Jun
You should call in a credit collection agency sooner rather than later. The longer you wait to begin the collection process on past due accounts, the less of a chance you’ll have at recovering your money. Read the rest of this article...
27 May
She utilized her debit card at a motel in Milwaukee for charges and discovered on her next month’s bank statement that someone had spent a $3,500 bill at another hotel of the same brand in Chicago. At first her bank could not, (or would not) solve the problem, and the hotel accused her of running up the charges. Only after threatening to go to the police and offering proof that she had been out of town for the time did she have the ability to get the charges reversed. Read the rest of this article...
