Under the Fair Debt Collection Practices Act (FDCPA), it’s your right to request that a collection agency cease communication with you; a right granted/protected by FDCPA Section 805(c). (It’s called a Cease and Desist Letter or C&D among us credit repair junkies) Basically, it does what it sounds like: forbids a collection agency to contact [...]
Entries from June 17th, 2008
Cease and Desist Letter w/Collection Agencies – Request only Phone or Letter Contact?
June 17th, 2008 · 25 Comments · Debt Collection
Tags: C&D·Cease and Desist Letter·Cease Communication·collection agency·consumer·FDCPA
I Won in Court – What About My Credit Report?
June 16th, 2008 · 4 Comments · Credit Counselor Front Lines, I'm being sued!
Just received this email, and thought it was interesting AND important to put out there. My case was dismissed for lack of evidence on behalf of the collector who admitted they didn’t have anything. How do I go about removing this mark on my credit report? You would dispute the tradeline with the credit bureaus [...]
Tags: credit report·Cushman vs. TransUnion·Fair Credit Reporting Act·FCRA·Negative Information·Trade lines·Won Court Case
Credit Cards: How To Raise Your Credit Limit
June 13th, 2008 · 2 Comments · Credit Cards
If you are new to the credit game, the initial limits on your credit cards can be low. A credit limit means the maximum amount of money you can charge to your credit card. This includes fees, balance transfers from other cards, and cash advances, as well as the purchases you make. People rebuilding credit [...]
Tags: Credit Cards·Credit Limit·Fees·interest·Percent of Maximum·Raising Credit Limits
Buy and Bail – Buying a New Home Before Foreclosure
June 12th, 2008 · 2 Comments · Consumer Debt, Mortgages
Many people are finding out they are “upside down” on their home these days if they bought during the real estate crazy years of 2005-2006. In addition, many those are not able to afford the payments on their mortgages as interest rates rise. In the metro areas that saw the biggest run up, Phoenix, Las [...]
Tags: Buy and Bail·Fannie Mae·FNMA·foreclosure·Mortgage·New Home·Upside Down
