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 Feb 18, 2015
What financial topic(s) would you read about in our blog?
Posted on Oct 02, 2014
We see the commercials telling us to check our credit reports, but many people do not. Here are three examples of why we should take the time to get our reports.
Posted on Sep 15, 2014
As you watch television, surf the Internet and flip through your favorite magazine, you will undoubtedly see companies advertising that they can show you the best deals in plastic - credit - for you to consider. There are a few reasons to hesitate from relying too much on information that looks like it’s coming from a neutral source. The main one is because the source might not be neutral at all.
Posted on Aug 27, 2014
How do you know debt solutions are working? Notes like these.
Posted on Aug 25, 2014
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 Aug 13, 2014
Last week, FICO, the nation's top credit score provider, announced upcoming changes to the way some debts impact your credit score. This could be good news for thousands of people, if lenders adopt this new model.
Posted on Aug 11, 2014
People may be hesitant to reach out for help due to misconceptions about financial counseling. Here are some of the false beliefs that consumers admitted in the 2014 NFCC Financial Literacy Survey
Posted on Jul 30, 2014
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 Jul 29, 2014
When you check into a hotel or rent a car you are required to present a credit card as security. This reality is troubling in light of the news that a single hotel in Houston reported it had been the victim of a data breach that potentially affected about 10,000 customers.
Posted on Jul 16, 2014