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As the recession gets worse, more and more Americans are falling into debt, and more of us are declaring bankruptcy every day. Bankruptcy can be seen as a fresh start, absolving you of much of your debt and payments, but it will also destroy your credit report, remaining there for ten years, and diminishing it by several hundred points. In most cases, bankruptcy should be seen as a last resort because of how important it is to maintain a healthy credit score. If you are forced to file for bankruptcy, there are certain measures you should take to ensure that you can get on the road to financial recovery as quickly as possible.
In: Finance
5 Jun 2010One of the key benefits to working with most collection agencies is that you only pay when they successfully collect on a past-due account. This means if the agency can’t collect money on your behalf, you don’t owe anything. Debt collection agents operate on a commission, usually collecting about one third of the commission.
In: Business
5 Jun 2010When scouting for a Business Collection agency, it is critical for businesses to find a collection agency that services their specific needs. Some corporation’s may rely on collection agencies more than others. For example, a freelance graphic designer may only need to use a Collection agency’s services once during his or her entire career. However, a larger company, such as a credit card company, may require the services of a Collection agency more repeatedly.
In: Finance
5 Jun 2010Due to the recent credit card remodeling that are starting up next year, card issuers will have a difficult time getting teenagers on college campuses to apply for credit cards without their parents’ knowledge. As students arrive on campus, card issuers will be there to welcome them at many schools.
In: Business
1 Jun 2010In analyzing people who are most successful at persuading, convincing or selling others on their ideas, products or services, I’ve found 10 characteristics that appear to be common among them. Read through this list and see how many apply to you now. If you don’t find these characteristics in your current bag of traits, consider adopting them in order to hear “yes” more often in your life.
In: Business
1 Jun 2010Statute of Limitations on Debt Collection is the amount of time that lenders have to collect their debts by suing you in court and by other legal methods. Once the statute of limitations period is over, the lenders cannot sue you in court. However, the debt that you owe STILL REMAINS. Do not think that once the statute of limitations period is over, your debt will disappear. It will not! Lenders can collect their debts owed via other legal methods like a debt collection company.
In: Finance
1 Jun 2010Elimination of your debt requires three simple steps:
In: Business
1 Jun 2010Like the phoenix that rises from the ashes, so does so-called zombie debt. A consumer may think it’s dead, but it keeps coming back to haunt them.
In: Business
17 Apr 2010The government is stepping up as debt collection hustles rise. In recent news, Buffalo New York has been home to a number of unlawful debt collection techniques, and authorities have taken at least twelve people into custody. Despite the fact that the vast majority of collection agencies are legitimate and good for the economy, there has been a rising amount of deceptive and illegal practices.
In: Business
15 Apr 2010Tax season has come and so have the cyber crooks. IRS ploys are circulating, the latest one involving a legitimate looking email from the IRS that states that you can get your tax refund on a Visa or a Mastercard. It asks for your credit card number, your social security number, credit card expiration dates, card verification value numbers, amount shown on your tax return, filing status and other personal data.