Credit & Debt Management

TransUnion is a major credit reporting agency that provides credit reports on debtors to lenders and creditors. Your individual TransUnion credit report and the information it contains is a...

Unsecured debt, such as credit card debt, once sent to a collection agency is required under the Fair Debt Collection Practices Act (FDCPA) to be validated upon the consumer's request. Invalidated...

Americans are entitled to a free copy of their credit report every 12 months. Take advantage of this opportunity to ensure that your credit history is being reported accurately. In the event of...

Your credit report is your pathway to obtaining auto loans, mortgages and credit cards--even employment or rental housing. The integrity of your credit report is very important, so ensuring that...

Your credit report is a critical part of maintaining your financial integrity. Verifying that the information in your report is accurate and factual is an important step in making sure that you're...

Even when a person is deceased, their credit report will continue to exist until the credit reporting agencies are notified of the individual's death. Upon the death of a spouse or other relative,...

Repeated phone calls make dealing with a debt collector very stressful, and usually all the collector wants to hear is that you'll pay your bill immediately. It's tempting to give in and just pay...

Depending on your debt situation, you may find it necessary to write to a collection agency. When you communicate in writing, you have the opportunity to maintain a record of your correspondence...

Rebuilding your credit report is not only in your best interest financially, but in all aspects of life. Today, landlords, potential bosses, and even schools can be checking your credit report....

NCO Financial Systems is a large business process outsourcing solutions provider, according to their website, that handles accounts from internationally recognized clients, including Paypal....

Creditors can be harassing. If you do not handle it properly they will continue to be that way. It is one thing for them to call you personally, but when they call your job it can cause problems....

Even one negative entry on your credit report can significantly damage your credit. That being said, if there is anything on your credit report that can leave a serious dent in your good credit,...

Finding errors on your credit report can be quite frustrating, especially if you do not know how to go about correcting the errors. These errors on your report can be holding you back from a loan...

When requesting a loan modification or a redrawing of your loan contract because you are having trouble paying the loan, one of the things your lender will ask from you is a hardship letter. This...

Mistakes on your credit report can have devastating consequences on your ability to obtain credit to purchase a car, a house or even to find employment. Credit report inaccuracies may range from a...

Credit reporting agencies require many requests to be made in writing -- to dispute information, to request a security alert be placed or removed in your file. You need to be thorough and include...

Negative information on your credit report causes your score to plummet. Low credit scores impact everything from obtaining a mortgage to being hired for a new job. Three major companies handle...

A hardship letter is a letter written to your lender detailing the reasons you cannot continue making mortgage payments. While the premise appears simple, the writing and tone of the letter should...

Maybe you got laid off or maybe you didn’t realize that your credit card debts or other debts were adding up so quickly. Whatever the reason, you’re now in over your head and you need to find a...

If debt collection agencies are calling non-stop and sending you letter after letter on official-looking stationary, you can make them stop. If you don’t have the money to pay your bills, someone...

Inaccurate information that appears on your credit reports can damage your FICO score and limit your ability to be approved for new lines of credit. Thanks to the Fair Credit Reporting Act, you...

Struggling to pay your credit-card debt is difficult enough without being harassed by companies trying to collect money. Fortunately, the Fair Debt Collection Practices Act (FDCPA) protects...

Negative information on credit reports, like collections, can seriously impede your ability to get new financing, mortgages, or even a job. In order to achieve and maintain financial freedom, it's...

In a difficult economy, even responsible people can find themselves buried in debt. At the same time, creditors often are desperate for cash and might be willing to settle debts, even valid...

Many people in our great nation have become deeply in debt because of the economy. Once you get in debt with a credit card company or any type of loan institute they almost always start calling....

Also known as a letter of credit, documentary credit is a letter issued by a bank to a seller. The letter serves as a guarantee that the buyer will make his or her payment for a purchase on time...

Many people mistakenly believe that if they are behind on paying their bills, there is no recourse from the dozens of daily phone calls they receive from collection agencies. However, according to...

I am going to explain to you how to have very old accounts removed from your credit report and adjust the score simultaneously. There are many companies that charge a service fee for this process...

Credit is one of the most important things in a person's financial life. It can determine whether you can purchase a home, rent an apartment, buy a new car, get a student loan and can even be used...

Debt Settlement is a process that many people have to go through in order to satisfy delinquent accounts. This usually results from months of being unable to pay a bill for multiple reasons and is...

In these tough economic times, having a good credit is more important than ever. If you currently have bad credit now, you will learn how to repair your credit and have a better credit score.

Debt validation is an important tool in avoiding a lawsuit from a collection agency over a debt. Lack of proper validation gives you grounds to have the debt removed from your credit report and...

If you're having trouble paying your bills, it's a good idea to alert your creditors and try to get them to work with you to avoid a serious situation, such as bankruptcy. Writing a debt hardship...

This article is about a little known strategy that puts third-party collectors in their place and gets them to leave you alone, including suing you, without using a "cease and desist"...

A letter of credit is an agreement between four parties: a buyer, an issuing bank, a seller (beneficiary) and an advising bank. Letters of credit typically are used for large-scale purchases or...

Writing a cease and desist letter to a collection agency may be necessary if you are being hounded over an old debt. This is especially true if you need to make the constant telephone calls stop...

If you want to settle credit card debt, you need to come up with a debt settlement strategy. While there are debt settlement programs that will do this for you, these programs usually charge a...

Can you protect yourself from a court ordered judgment with a validation of debt letter? Yes,and most people are not aware of the law according to the Fair Debt Collection Practices Act or FDCPA....

When your credit is damaged you begin to look for advice from people on how to repair it. The Internet is full of companies that say they can help you repair your damaged credit, but the truth is...

A letter of credit history can be an important factor in determining your financial future. A letter of credit history can help reduce or eliminate the chances of being turned down for apartments...

One of the biggest problems many Americans live with today is the threat of foreclosure. With so many Americans losing their jobs and the economy shakier than ever the reality of loosing your home...

You will learn step by step on how to keep those bill collectors away for good.

Having good credit will give anyone a leg up in any economy. With good credit you will pay lower interest rates on purchases, be approved for loans you need in an emergency, and avoid the headache...

Collection accounts on your credit report can significantly affect your credit score negatively. A good credit score is imperative today. If the collection account on your credit report is valid,...

A modification loan letter template can be useful tool for indicating your financial circumstances to a mortgage company. When requesting a loan modification you will need to send a hardship...

Writing a hardship letter to a mortgage company is a necessary financial step to stop foreclosure. Usually a mortgage company will request you write a hardship letter explaining your situation...

In this day and time it seems more and more common to have an outstanding debt that has been turned over to an collection agency. Don't panic there are some ways to get this matter solved with...

A financial hardship letter template is a tool to help you draft a proper explanation of your inability to keep payments. This letter template can help stop foreclosure on your home or restore...

Many people struggle with collections on their credit reports and the challenge in fixing, removing and rebuilding their credit seems impossible. Until you fix your credit, you may have a hard...

A debt collection agency is tasked with collecting a debt from a borrower. The company works on behalf of the original lender or may have purchased the debt from the original lender. In either...