Archive for the ‘Guest Article’ Category
Wednesday, July 15th, 2009 |
A Message from the Federal Trade Commission
Con artists often exploit our fears to take our money, and right now there are many families in fear of losing their homes. Scammers who promise to stop foreclosure are out to make a quick buck and can turn a homeowner’s distress into disaster.
Today, the FTC and its partners announced new law enforcement actions against deceptive foreclosure rescue companies. Along with the announcement, the FTC released “Real People, Real Stories ,” a video about keeping your home. It features people targeted by foreclosure rescue scams and advises homeowners in distress that free help is available from the Homeowner’s Hope Hotline at 888-945-4673.
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Saturday, November 22nd, 2008 |
Reader’s Question
Dear Ryan -
I wanted to know. I have a big account on my credit report of about 17,000 dollars. It’s from a car I used to have. Is there anything that I can do about that to try to remove it. I can’t afford to pay that amount and the collection agency keeps bothering me. Please help. Also, if any account is not on your credit report do you still have to pay off any outstanding balances?
Response
Dear [name removed],
A debt with such a high balance would be near impossible to get removed. Even if you do get it removed, the company will probably still sue you before the statue of limitation is up in your state. Just because an account is not listed on your credit report does not mean you don’t still owe the debt.
Hope this helps,
Ryan
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Sunday, September 7th, 2008 |
Debbie Dragon is a freelance writer for Creditorweb.com, where she writes about credit cards, rewards programs and general personal finance.
Credit Card Debt can be a monster. Sort of like a giant tidal wave coming right at you. The closer it gets, the bigger it grows and when it hits you, total devastation. That tidal wave began as a small ripple somewhere out there in the vast ocean. Credit Card Debt followed the same path. It started out as one simple charge and then one day you have 4 Credit Cards and a mountain of Debt. Don’t feel all alone. Credit Card Debt around the world has grown into the billions of dollars. Too many consumers wake up one day and realize that Credit Cards are easy to use but very hard to pay off. So, what do you do now? There is no easy fix. It will take discipline and plenty of it.
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