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whats the best way to deal with a collections agency ?
Yahoo! Answers – whats the best way to deal with a collections agency ?
Answer: PAY YOUR BILLS!!!
Seems simple right? But in all honesty if you can’t pay your bills you do have rights to not be harassed by bill collectors. Check out our section on Credit agencies: collection-agency-harassment
And yes I am sorry for calling this person stupid! 🙂
technorati tags:collections agency
I am sure you have seen on TV several commercials for free credit reports. If you type in free credit reports on Google you will get back several companies offering the service.
I have done some research and to my knowledge there is only one website that is sanctioned by the Federal Government to offer free credit reports. The website is: AnnualCreditReport.com.
You are entitled to one free [tag]credit report[/tag] a year. Also pulling this report should not hurt your credit. Check the details on the website.
Should you pull your credit every year? Yes! Why? Because it has been shown time and time again that most people’s credit reports have errors which will hurt your credit score and will cost you money when you try and purchase something with credit.
Also in this day of Identity theft it is a must. So go check your scores and start to work on improving your credit score.
The website:[tag]AnnualCreditReport.com[/tag].
Don’t think it doesn’t happen? People not getting a jobs because of bad credit. Read the story below and see how this is becoming a reality for many people.
“US employers’ use of credit checks increased 55 percent over the last five years, according to Spherion, a recruitment and staffing firm with offices around the country, including Massachusetts.”
Companies want to know your credit history. So take the steps now to clean up your credit so you never face this type of bad luck. Get our free guide to having good credit. it’s a free 7 day e-course based on facts and not scams..
LaToya Horton was temping at a management consulting firm in Boston last January when it offered her a full-time job as a clerk. Then, the firm said it needed to check her credit.Horton, 30, of Dorchester, didn’t get the job after her credit report showed $18,000 in deferred student loans.“My credit wasn’t perfect, but I never thought my student loans would go against me,” said Horton. “The company said I could reapply once I had two years of excellent credit, but there is no way I am going to be able to pay off those loans that quickly.”
Article display page – the day.com
technorati tags:Bad Credit No Job
And you thought only people with bad credit paid more for home loans… The article does not say if these two demographics on average have better or worse credit. Interesting read…
The Fed’s analysis of 2005 home lending data found that 54.7 percent of black borrowers paid a higher-than-typical interest rate on home mortgages. That was up sharply from 32.4 percent in 2004.For Hispanics, 46.1 percent paid more than typical for their mortgages last year — more than double the 20.3 percent reported in 2004.In contrast, only 17.2 percent of whites paid higher interest on their home mortgages last year. However, that was up considerably from 2004’s 8.7 percent.
And, some borrowers stretching to buy a home opted for creative
financing, like higher-priced piggyback loans. The use of piggyback
loans shot up more than 57 percent in 2005 from the prior year, the Fed
said.“Indeed, the increase in the number of higher-priced piggyback loans
in 2005 accounted for more than half of the increase in the number of
all higher-priced loans,” the report said.
Blacks, Hispanics pay more for mortgages – Yahoo! News
technorati tags:mortgages, credit
True. But I would add money buys you choices and choices make me happy. For example if I have money I can afford to drive a nice car. If I don’t have money I have to drive a 10 year old car just trying to make it to the next mile.
Another example: If I have money I can afford to buy what ever I want to eat. So if I want steak two nights a week I can. If I have not money then it’s beans and rice.
For me money = choices and choices = happiness. Not sure about the rest of the world…
You should check out the article below. I like the part about fun is something you have until you’re bored…
Just like Dave says, money can buy fun, but not happiness. There is a big difference. Fun is something that you have until you’re bored with whatever you’re doing. Happiness is being content with what you have.There is actual scientific evidence to back this up. According to a study done by a Princeton economist in June 2006, once you reach a certain income level, earning more doesn’t necessarily smiling more. If anything, it could mean more stress.Money can mean breathing easier if it drastically affects your basic standard of living. Harvard professor Daniel Gilbert said that going from $5,000 in income to $50,000 will raise your spirits, but going from $100,000 to $1 million will not affect your happiness level much, if at all.
technorati tags:Money doesn’t buy Happiness, money, debt, broke
Everyone talks about avoiding late fees for your credit card, which I agree 100% with. However there is another late fee you should avoid which is overdraft protection charge. So over the holiday weekend I got hit with 3 of them at $22 a pop!
The good news is I didn’t bounce a check but the bad news is I had to pay the bank $66 just to cover my lack of planning! The funny thing is I had the money just forgot to move the money from one account to another.
I am glad I could help out my banks bottom line this month! 🙁
I found this very cool tool on bank rate. It will allow you to figure out how fast you can pay off all your debts using the Dave Ramsey style debt snowball payoff method. The tool is online and works very well. Many sites charge a monthly fee for this type of tool. The lynch pin to any debt repayment plan starts with a Budget, so before you start with this tool I would have at least down a very minimal amount of thinking around your family budget.
Debt Pay-Down Adviser
What’s the fastest and cheapest way to pay-down your debts?
If you’re looking to finally get rid of your debt, you’ve come to the right place. This debt planner will provide you with expert advice and a plan for paying off your debt. It will show you:
* how to pay off loans quickly and at lower cost
* which loans to pay off first
* how much to pay each month based on your budget
technorati tags:Debt Pay Down Adviser, debt, debt reduction
If you want to get debt, you really need to want to get out of debt. It takes discipline and commitment to reverse the financial hole you have dug yourself in. Often people say they want to get out of debt but when it really comes down to it they don’t. What do I mean? Well if you really want to get out of debt you need to cut out cost and apply it to your debt. But many people don’t want to give up their “rented” life style.
Saying good by to cable or new shoes is hard to do! When the “pain” is great enough that is when people will take action. This article I found is very much like Dave Ramsey. It’s worth a read.
But it’s never too late to turn things around. First and foremost, be committed, says Howard Dvorkin, founder of Consolidated Credit Counseling Services Inc. and author of “Credit Hell: How to Dig Out of Debt.””People have to want to get out of debt. They aren’t going to get out of debt just to get out of debt, they have to want it.”
5-step emergency plan for dealing with deep debt (Page 1 of 4)
technorati tags:Get out of debt
If credit is an issue this may be a very good way to get a mortgage. Check out the rest of the story and see if lease-purcahse is right for you and your current credit situation.
Fundamental to the financing of any lease-purchase is the lease-purchase agreement. The lease-purchase agreement must be written and signed by both parties. This should be executed early on and prior to your first rent payment. The lender is not concerned with any verbal agreement you may have made with the seller however long ago – the lender wants to see it in writing. You can buy a lease-purchase agreement (also called a lease-option, lease with option, or lease to purchase) online or at your local office supply store. Either way, be sure to put it in writing.
technorati tags:lease-purchase
There should be balance in power but for now it looks like the strength of the Credit Card lobby was able to strike a win. The consumer who in the end will end up with the short end of the stick. This is a very good article on the effect of the new law. Check out the link below to read the full story.
Last fall, following years of intense lobbying by the credit card companies, Congress passed the “Bankruptcy Abuse Prevention and Consumer Protection Act of 2005” (BAPCPA). While U.S. bankruptcy law was very debtor-friendly prior to BAPCPA, it has become much more pro-creditor today.Bankruptcy law must balance two conflicting objectives: helping debtors who experience adverse shocks by discharging some of their debt, and promoting credit availability by enforcing the obligation to repay.
Bankruptcy Reform Gave Creditors Too Much
technorati tags:Bankruptcy Reform
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