Q. I defaulted on a credit card account 2 years ago. The debt went in to collections. Now I am looking to clean up my credit and pay off my debts. I pulled my credit report and noticed that both the charge off AND the collection are on my credit report. My questions are: Is [...]
Entries Tagged as 'Credit Counselor Front Lines'
Both Chargeoff and Resulting Collection Are On My Credit Report
April 27th, 2010 · 3 Comments · Credit Counselor Front Lines, Credit Reports, Debt Collection
Tags: accounts·chargeoffs·collection agency·collections·Credit card·credit report·debts·delete listing·legal
Pay Garnishments Increase in U.S.
April 2nd, 2010 · 1 Comment · I'm being sued!
It used to be a rare occasion when a consumer was sued on a defaulted debt. Not any more. I’ve recently seen an article in the New York Times about the uptick in debtor lawsuits as a collection method and resulting garnishments. This seems to match what I’ve been hearing from my readers. Most people [...]
Tags: complaint·court·debt collectors·defenses·file your answer·garnishment·I'm being sued!·judgment·lawsuits·New York TImes
How Can I Reduce the Rates on My Credit Cards?
January 29th, 2010 · No Comments · Credit Cards, Credit Counselor Front Lines
Q. Do you have any thoughts or recommendations for an individual that has $50,000 high interest credit card balance(s) – mostly American Express. She needs the cards to run her current business – so she doesn’t wish to cancel the cards – and can’t get the credit card companies to lower the rate. A. I’m [...]
Tags: banks·Credit card debt·Credit Card Payments·credit unions·high interest·Interest Rates·line of credit·signature loan
Recording Phone Calls When Debt Collectors Violate the Law
January 13th, 2010 · 9 Comments · Consumer Info, Credit Counselor Front Lines, Debt Collection
The Fair Debt Collection Practices Act was created by Congress in 1977 as a result of numerous complaints from consumers about collection agencies abusing or harassing them. It outlines very specifically what a debt collector can and can’t do when attempting to collect a debt. By law, under the FDCPA is that collection agencies may [...]
Tags: abuse·collection agents·FDCPA·one party·record conversation·State Laws·States·taping phone conversations·two party·two party states
