Category: Collections
Debts from student loans, credit cards, healthcare, mortgages, auto loans and other daily bills of life can add up. Sometimes a debt collector may be called to ask you for the money owed. Negotiating a settlement with a collection agency can help you solve that problem if your …
You may not know it when a debt collector calls, but some have bigger incentives than others for pushing you to pay. There are two types of collection agencies: Ones that are hired by creditors to collect debts, and those that buy old debts from original creditors for …
An unexpected call or letter from a debt collector can be quite unsettling. This is especially true when a debt collector starts to get aggressive and threatening, which happens often. Before we get into specifics about dealing with debt collectors, the most important thing to keep in mind …
Most of you are probably reading this because you have a bill that’s gone into Verizon collections. The first thing you need to find out is if the collection has been reported on your credit report. If you haven’t already, pull a current copy of your credit report …
You’ve just received a letter from a debt collector demanding that you pay a debt that’s years old. Perhaps you don’t even remember the debt. What’s the best way to handle this situation? Why am I being contacted about an old debt? First let me explain why a …
Let’s talk about debt collections. Many of the visitors to this blog ask me about collections. For example, what exactly is a collection, how do they affect your credit score, etc. I want to dedicate an entire article to debt collections to clear up many uncertainties people have …
If you’re like most people, being on the opposite end of a collection call can be quite a defeating interaction. I’ve been preaching about the dangers of debt collectors for years on this blog but I still get emails from readers who end up getting in trouble with …
Before I get into my interview with a former debt collector, I’d like to give you the back story as to how this all happened. A couple of weeks ago I received an email from a guy who said he was a debt collector for many years, terribly …
Question A majority of my credit reporting issues are, unfortunately, alot of medical bills I’ve been unable to pay over time. Not sure how these are seen in terms of the statute of limitations, but I recently received a letter from the collection agency that owns all of …
Have you recently paid off a collection, either partially or in full, and want to know if the entry will be removed from your credit? Unfortunately, just because you pay off a debt collection doesn’t mean it’s automatically removed from your credit report. Rather, I generally advise that …
