Legal And Illegal Tactics A Debt Collector Will Use To Collect: Debt Collection Basics Part Three

In the first two articles I described what a collections account was, how sending delinquent accounts out to an agency benefits a creditor, and the practice of selling an old debt to a third party collection agency.

Just How Long Will A Negative Mark Stay On Your Credit Score? Part One

Your credit score. It could be a dream come true or your worst nightmare. But most of the time it is sort of like that rude mother in law coming to pay you a visit at your house. You are aware that she is coming to stay, and you are not looking forward to it, but you are too nervous to ask or even consider how long she might be paying you that visit. OK, so that analogy wasn’t that great. But anyway, read on to see just how long negative marks will stay on your credit history.

The Truth About Debt Collection Accounts.

The debt collection industry is a billion dollar industry. According to Rapid Recovery Solution, Inc. income from late fees and over-the-limit fees accounted for $14.8 billion dollars in the year 2004.

Ask Doctor Debt Aims To Educate The Public On Financial Literacy And Debt Collections

It is about time that someone stepped up in an endeavor to enlighten the public on legal debt collection practices and general financial literacy. With a innumerable amount of imitation debt collectors throughout the United States preying on innocent consumers, Ask Doctor Debt serves to cure this ever growing situation by giving consumers an outlet in which to ask questions in relation to their rights and any and all debt related questions.

How Do I Collect My Money?

The small claims court cannot collect your money for you, but the clerk or small claims adviser can tell you about some ways to do this yourself. Some just hire a collection company.

Debt Collection – How Much Time Do Collection Agencies Have To Collect?

Most people are becoming increaslingly aware that they owe a debt that is being pursued by a debt collections agency, yet few know exactly how much time has passed before creditors can go after that debt. Debt Collectors are guided by what is called the Statute of Limitations.

Bleak News As Bankruptcy Increases While Employment Rate Plummets

Terminations and pay cuts pushed more people into bankruptcy last year, and experts are saying that the situation won’t improve until the unemployment issue is resolved. In Wisconsin, bankruptcy filings raised to 30 percent in 2009. This came on top of a 35 percent increase in the preceding year.