Archives for the 'Collections' Category
Credit Repair: How to Handle a Collector
The Basic Rules
Collectors are governed by the Fair Debt Collection Practices Act (FDCPA). Collectors do not always play fair, so it is best if you know the rules. Collectors cannot report a collection to the credit bureaus unless they have sent you a letter detailing the debt and the identity of the original creditor. They […]
Credit Repair Adventures: A True Story
The Journey Begins
Bob and Sue are real people. They are smart and resourceful, but several years ago they made some bad choices. Soon their credit was a mess. So they started their credit repair journey. Here are a few of their credit repair adventures that might shine some light on your own path. Good luck!
Cease […]
Credit Repair and the Collection Puzzle
You Can Take Control!
Collectors use both law and psychology in the practice of their craft. Many collectors operate legitimately, while others cross the line daily. Do you know your rights? Here is the correct way to deal with a collector - and maybe even come out ahead.
Getting the Collection Letter
Many people in credit repair programs […]
Credit Repair Essential Guidelines
Let’s Get to Work!
We speak with people all day long about their credit reports. Here is a review of the most common questions that we encounter about reporting periods for derogatory information, as well as guidance on resolving the related issues. These details, if properly understood and acted on, can make a significant difference in […]
Credit Repair and Your Life in 2008
Now is the Time!
Good credit has never been so important. The entire credit landscape has changed over the last year. And 2008 brings new and unprecedented challenges. How did this happen? What can you do to adapt and even thrive in this new environment? Here is some insight!
A Little History
In the late 1990s real estate […]
Credit Repair and the Power of Debt Validation
Debt Validation - A Powerful Tool
Have you received a collection letter? The law provides consumers with a powerful tool for dealing with collectors. Here is our explanation of the power of debt validation and how to use it to your benefit.
The Letter of the Law
The correct way to respond to a collection letter is with […]
Credit Repair: How to Stop a Collector
Your Legal Rights
Have you been contacted by a collector? You are not powerless! You have legal rights under the Fair Debt Collection Practices Act to stop collectors and gain control of the situation.
Your Thirty-Day Window
Have you received a collection notice? Don’t ignore it! The first receipt of a collection notice contains an opportunity that you […]
Resolving Defaulted Student Loans
The Time to Act is Now!
Do you have defaulted student loans? The government has an impressive array of tools for collecting on defaulted student loans. Fortunately, the law also provides you with a way to cure the problem starting right now!
There is Still Hope!
There is no statute of limitation for collection of student loans. Forget […]
Credit Repair: Student Loans
A Tough Spot
There is no statute of limitation for collection of defaulted student loans. And unless you are totally and permanently disabled, there is no way that you can discharge your student loans in a bankruptcy. What to do? Here are some insights and a couple of fantastic solutions.
The Default Story
Legally, a default occurs the […]
Credit Repair: Collection Solutions
Getting contacted by a collector is never a good thing. But there are laws that govern the behavior of collectors, and there are steps you can take to control the situation. Here are the rights and remedies that anyone facing a collector should know.
Fair Debt Collection Practices Act (FDCPA)
The FDCPA is the consumer protection act […]