Collections

Bad News for FFEL Student Loan Borrowers

The U.S. Department of Education's decision to reverse it's rule on the addition of collection fees to student loans may cost borrowers thousands of dollars.

Posted on March 21, 2017

The Right Way to Build Your Credit

If you follow a few sure-fire steps, you can build your credit enough to buy your own house or your own car. Here are five steps to take to get your credit where it needs to be.

Posted on December 23, 2016

Past Due on Student Loans - Fix it Now

As it is with everything in life, once you fall behind on student loans, catching up can feel impossible. Here is how to do it.

Posted on December 23, 2016

American Financial Solutions Launches Student Loan Counseling Program

American Financial Solutions (AFS) is pleased to announce the launch of their student loan counseling program. This service will help deliver relief to borrowers in Washington State and across the nation, who have been struggling to repay the money they borrowed to finance a college education.

Posted on December 23, 2016

CFPB Issues Statement On Penalties Against Two Debt Collection Agencies

Two of the largest collections agencies receive multi-million dollar penalties due to their use of abusive, unfair and deceptive practices to collect debts.

Posted on December 23, 2016

Why a Debt Validation Letter May be Exactly What Debt Collectors Want

The idea is great, ask a debt collector for proof you owe a debt and if they cannot produce it, you do not have to pay. However, the reality of using this tactic may yield very different results.

Posted on December 23, 2016

Time and Debt Repayment Still the Best Strategy for Increasing a Credit Score

Some of you might be rejoicing a bit because of news that the chief credit scoring outfit, FICO, is changing its rules about how it scores debtors. The main change is that the new system will draw a distinction between medical debt and regular debt. The other big change is the new system will disregard medical collection accounts if they are paid or settled.

Posted on December 23, 2016

Collection Agencies, Courts and Your Rights

Some collection companies may be more effective simply by using the letterhead from local courts. Learn what you can do to protect your rights with debt collectors.

Posted on December 23, 2016

Know Your Options Before Addressing Financial Problems

Your financial difficulties could already be severe enough that you are tempted to accept the first solution that comes along. However, there are pros and cons to bankruptcy, debt consolidation, debt settlement and most debt repayment options. It is important to talk to someone who knows the ins and...

Posted on December 23, 2016

Have an Experience with a Debt Collector? Speak Up Now

The Consumer Financial Protection Bureau (CFPB) might propose new federal rules on how creditors and debt collectors can act to get consumers to pay overdue credit card, medical, student loan, auto or other loans. This decision matters to you if you had an experience with debt collection (good or bad) counsel...

Posted on December 23, 2016