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Does The Statute of Limitations on a Debt Change If I Move?

By on April 13, 2012 in Collection Agencies, Collections, debt collection, open-ended agreement, Statute of Limitations, sued by collection agency

They are easy to hate, aren’t they?

They call you and demand money for something you couldn’t pay for in the first place. They try to help you ‘find’ money by taking out additional loans, or by borrowing from family. They want you to make payments. They are even willing to waive the interest they charged you.

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How Can I Stop Collection Calls?

By on May 24, 2009 in Collection Agencies, Collections, debt collection

Finally, I got smart. There is a law, Called the Fair Debt Collection Practices Act, or FDCPA, that regulates how debt collectors are allowed to contact you, including how often, where they can call, and what they can say.

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Do Debt Collectors Have Souls?

By on April 23, 2009 in Collection Agencies, Collections, debt collection

They are easy to hate, aren’t they?

They call you and demand money for something you couldn’t pay for in the first place. They try to help you ‘find’ money by taking out additional loans, or by borrowing from family. They want you to make payments. They are even willing to waive the interest they charged you.

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What Is A “Cram Down” When You Re-Affirm A Debt?

By on February 4, 2009 in Chapter 13, Chapter 7, Charge-off, Chargeoff, Collection Agencies, cram-down, Credit, credit score, Establish Credit, finance, foreclosure, Improve Credit, loan, Minimum Payment, new credit, Payment, Payment Plan, re-affirmation, reaffirm, Reaffirmation, secured credit, Settlement

Well, it is over. You filed bankruptcy, and met with the trustee, and your bankruptcy case is over. You now either have a schedule of payments with a Chapter 13, or you wiped most of your debt clean with a Chapter 7.
But there may be a few assets that you decided to keep that you have to re-affirm.

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What Is Junk Debt And Why Do I Care About It?

By on February 3, 2009 in Chargeoff, Collection Agencies, Collections, Credit, credit card, credit score, Establish Credit, Forgiveness of Debt, Improve Credit, interest rate, junk debt, Payment, Payment Plan

You may have heard of ‘junk’ categories before.
You can find junk bonds, junk dealers, and junker cars. The term means the same thing: an item of low or poor value.
Well, now we have junk debt. Junk debt is debt that is either uncollectible through ‘normal’ means, or debt of very low value.

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Can I Ask a Credit Card Company to Reconsider When They Deny Me Credit?

By on February 2, 2009 in Bankruptcy, Chapter 13, Chapter 7, Charge-off, Chargeoff, Collection Agencies, Collections, Credit, credit card, Credit Crisis, credit score, denied credit, denied credit letter, Establish Credit, foreclosure, new credit, Payment, Payment Plan, reconsider for credit, secured credit, secured credit card, Settlement

I hate those letters. I used to get them a lot. They tell me that I have been denied, yet again, for the credit card that I wanted.
It was my fault. My credit scores were terrible. I couldn’t really blame the companies that I applied with. I had a bankruptcy, and late payments, and car repossession, and a foreclosure, and over limits, and things like that. But I am a really nice guy, and I have a job!
They don’t care.

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Can I Save An Account That Is Going To Collections?

By on January 23, 2009 in Collection Agencies, Collections, Credit

Well, it happened. You didn’t make your payments, and now your account is going to collections. I know how you feel. You get a sinking feeling in your gut, you know this is going to make getting credit really tough, and you start to worry about getting sued.

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A Collection Company Is Suing Me! What Should I Do?

By on September 1, 2008 in Charge-off, Chargeoff, Collection Agencies, Collections, Credit, Credit Crisis, Credit Report, credit score, Default, Equifax, Experian, Judgement, Payment, Payment Plan, Settlement, Statute of Limitations, sued by collection agency, Transunion

Getting sued is a terrible thing. The prospect of having to go to court, the possibility of a judgment on your credit report, and having to meet a debt collector face to face fills most people with dread. Unfortunately, once that suit is filed, there is very little you can do to get out of going to court.

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How Do I Get Secured Credit?

By on August 30, 2008 in Bankruptcy, Chapter 13, Chapter 7, Charge-off, Chargeoff, Collection Agencies, Collections, Credit, credit card, Credit Report, Default, Divorce, Equifax, Establish Credit, Experian, Federal Reserve, finance, foreclosure, Forgiveness of Debt, Free Credit Report, Improve Credit, Insurance rate, Insurance score, Judgement, loan, Mortgage, new credit, Payment, Payment Plan, Reaffirmation, secured credit, secured credit card, Settlement, Statute of Limitations, Sub-prime, Taxable Income, Transunion

Often, when you are starting out to build or rebuild credit, you will have a very difficult time getting a credit card. The creditors look at you and see that you are too large a risk to work with. When that happens, you can either keep trying different creditors, or you can try to get a secured credit card or secured loan through your credit union or bank…

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