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Seven Ways to Get Out of Debt in 2022
Statute of Limitations on Medical Debt
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How to Negotiate a Debt Settlement
When you can’t afford to pay your debts, you may want to negotiate a debt settlement agreement with your creditors or with a collection agency. Negotiating a settlement could close your past-due account, but even a fair settle...
Pros and Cons of the Debt Snowball Method
When trying to pay off debt, it can help to have a plan. Instead of paying credit cards, car loans, medical bills, and other debts in random amounts each month or splitting your total payment evenly toward them, a plan such as a “de...
How to Remove Medical Collections From Your Credit Report
Medical bills cause a lot of problems. In fact, according to the Kaiser Family Foundation, nearly a quarter of all Americans are struggling to pay their medical bills — even when they have health insurance. Eventually, your medical ...
How Collection Agencies Work
You may not know it when a debt collector calls, but some debt collection agencies want your money more than others. That is, some agencies have bigger incentives than others for pushing you to pay. There are two kinds of collection...
How to Remove Allied Interstate from Your Credit Report
Who is Allied Interstate, LLC, and why are they calling you and harming your credit score? Our advice and tips can help get this debt collection agency off your credit report and off your back. Who Is Allied Interstate and What Do T...
Sample Debt Validation Letter
When a debt collection agency contacts you about a past-due balance, the debt may not actually be yours. Federal law gives you 30 days to request the collection agency to validate your debt. This is legal speak for proving you reall...
Do This Before Paying an Old Debt Collection
You’ve just opened a letter from a debt collector demanding 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 Old Debt? First let ...
Debt Collection: Everything You Need to Know
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 ...
3 Ways to Remove a Foreclosure From Your Credit Report
Unlike removing late payments or collections, removing a foreclosure from your credit report will be difficult. But it could be possible to remove a foreclosure from your credit report when you follow the three steps I list below. I...
Good Debt vs. Bad Debt | Why You Shouldn’t Believe The &...
When people talk about “good debt” they usually mean debt that eventually creates value. In other words, it’s debt that will hopefully create wealth sometime in the future. By this same logic, “bad debt” is debt that sim...