Many people know they need to respond to a letter or phone call from a collection agency, but they might not know exactly what to say. In general, it’s not usually a good idea to speak to a collection agent when they call, let alone respond to a letter over the phone. This [...]
Entries Tagged as 'Debt Settlement'
I’m Not Sure What to Say In My Letter to a Collection Agency
November 17th, 2009 · 1 Comment · Consumer Debt, Debt Collection
Tags: cease and desist·collection agency·Debt Settlement·Debt Validation·debt verification·FCRA·FDCPA·investigation request·junk debt buyer·negative listing
Florida State Attorney General Files Suit Against Debt Settlement Firms
October 20th, 2009 · 6 Comments · Credit Cards, Debt Settlement, Legal Stuff
Florida State Attorney General Bill McCollum recently filed two lawsuits against Texas-based Credit Solutions of America, Inc. (CSA) and Clearwater-based ADA of Tampa Bay, Inc., which does business as American Debt Arbitration. The lawsuit against ADA also names the company’s principal Glenn P. Stewart, as well as Arizona-based entities Nationwide Asset Services, Inc., Service Star, LLC, and Universal Debt Reduction, LLC.
Tags: American Debt Arbitration·consumers·Credit Solutions of America·debt negotiation·Debt Settlement·Florida·lawsuit·State Attorney General
Seven Things You May Not Know About Bankruptcy
October 5th, 2009 · No Comments · Bankruptcy
Though I rarely recommend bankruptcy (usually because the person does not qualify or the debt is $25K or less), sometimes this is the only route. The laws were rewritten in 2005, and confusion still abounds.
Even the rich file bankruptcy. I’ve certainly seen this happen – and it can happen quickly. Even for people [...]
Tags: Bankruptcy·court·Credit Score·Debt Settlement·expensive·home mortgage·personal bankruptcy
Documentation and Organization Are Keys To Credit Repair Success
September 24th, 2009 · 2 Comments · Credit Repair, Debt Settlement, Identity Theft, Legal Stuff, Mortgages
Ever tried to return an item but didn’t have a receipt? Tried to prove you made a payment on a bill when your credit card company said otherwise? Tried to get a mortgage? Gone through an IRS audit? How about repairing your credit? The tip to success in all these situations [...]
Tags: agreements·certified mail return receipt requested·credit bureau·Credit Repair·CRRR·Debt Settlement·dispute letters·documentation·Mortgage·organization·progress·receipts·success
