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Category: Credit & Debt
WHEN THE BILL COLLECTORS START CALLING..........
By Chris on Feb 3, 2009 | In Credit & Debt | Send feedback »
Fair Debt Collection Practices Act
The Fair Debt Collection Practices Act (also known as the FDCPA) is a US Statute added in 1978 with later amendments, which protects consumers from unscrupulous debt collection agencies or methods. It also gives consumers a way of challenging inaccurate information that may be held against them.
This article gives a summary of the provisions as we understand them, but it is not exhaustive (it does not include all of the details) and its accuracy is not guaranteed.
What It Covers
SHOULD I USE A CREDIT REPAIR SERVICE
By Chris on Nov 3, 2008 | In Credit & Debt | Send feedback »
Bad Credit? Identity Theft? Wrong Information on your Credit Report?
There are some benefits to using a credit repair company and there are some real disadvantages too. The first thing to think about is why you want to use a credit repair service? Is it because you have bad credit that you want to fix but simply don’t know how? If this is true then try reading a bit of information about how to fix bad credit to see if you think this is something you can do.
DEBT RELIEF
By Chris on Feb 3, 2009 | In Credit & Debt | Send feedback »
The Debt Snowball
The debt snowball is a form of self managed debt relief, a way to finally get rid of your debt. Yes, it is possible - and you can almost certainly do it, however much you owe.
The first thing to do is accept that your debt is not going to disappear overnight. It probably took many years to mount up and it will certainly take months, perhaps years, to work it off. Forget about winning the lottery. If you want to get out of debt you have to develop patience and determination. You also have to stop using your credit cards.
CAN'T PAY YOUR CREDIT CARDS?
By Chris on Feb 3, 2009 | In Credit & Debt | Send feedback »
Credit Card Debt Settlement: Your Options
If you have long outstanding credit card debts where you are not making the monthly payments, credit card debt settlement may be an option.
What Is Discounted Debt Settlement?
Sometimes, if a company can see from its records that you have not paid anything for a while and they figure it is not likely that they will get the full amount of the debt plus interest from you, they will offer you a discounted settlement..
BUILDING GOOD CREDIT WITH SECURED CREDIT CARDS
By Chris on Nov 3, 2008 | In Credit & Debt | Send feedback »
Sometimes called BAD CREDIT CREDIT CARDS
What is a secured credit card?
A secured credit card is where you pay a bank a specified amount of money, usually $300 to $500 dollars and receive a credit card with that limit on it. You use the credit card in exactly the same way as any other credit card and make regular monthly payments to pay off the balance. No one but you and the company that issues the card knows it is a secured card.
"DEBT CURES" A Book Review
By Chris on Feb 3, 2009 | In Credit & Debt | Send feedback »
"Debt Cures They Don't Want You To Know About"
is a book by Kevin Trudeau published May 2008 which claims to blow the lid off the finance industry. It is a follow up to his 2007 book, 'Natural Cures They Don't Want You To Know About' which exposed the pharmaceutical industry and medical practitioners for covering up the fact that there are simple natural treatments for many conditions that are just as effective as prescription drugs, but 'they' (the medical establishment) are constantly pushing us into becoming dependent on pharmaceutical company products.
"Debt Cures" follows the same kind of pattern in claiming that the banks and other finance institutions are virtually ganging together in a conspiracy to push the population deeper and deeper into debt so that they can make money from all of the interest that we owe.
