I get this question all the time, “How do I make my student loans affordable? I can’t make the payment.” Some people are under the impression that you can file bankruptcy to get out of student loans, or bargain with a collection agency once the account goes into collections. Wrong. There is no statute of [...]
Entries from October 27th, 2008
Want to Get to Know Someone? Marry or Rent to them!
October 24th, 2008 · 1 Comment · Mortgages, Real Estate
In general I’d say that the latter may ultimately be the better investment, but I’ll leave my personal demons out of this one. With the housing market in such turmoil and homeowners facing situations such as a job relocation and a house that won’t sell, many owners decide renting their house is the only option [...]
Tags: landlord·lease·property management·rent my house·rent or sell house·renters·renting
Does if Matter if a Debt Has Been Sold or Assigned?
October 23rd, 2008 · 4 Comments · Credit Counselor Front Lines, Debt Collection, I'm being sued!
Q. A Collection Agency who is contacting me about a debt is telling me they were assigned to collect it and did not purchase it, not sold. Is there a difference between being assigned or sold? Should I care? A. This question generally is asked because a consumer is unsure how to respond to a [...]
Tags: Assignee·collection agency·debt·FDCPA·lawsuit·legal·Sold or Assigned
Welcome to the Bad Credit Hotel: Check in for Free!
October 22nd, 2008 · No Comments · Credit Repair
Mirrors on the ceiling…. pink champagne on ice. We are all just prisoners here, of our own device…. Pardon me, just a quick digression to some of the lyrics from one of my favorite Eagle’s songs, “Hotel California“. The song always conjures up somewhat eerie images in my mind, and it is what I thought [...]
Tags: bad credit·credit·credit education·credit education tool·debt·learn about credit·spending
