Find Out More about Credit Counseling Services

December 4th, 2008 by mikegoh
It is a fact of life that bills have to be paid, and as responsible financial creatures, it is always best that we pay our bills on time. If you are one of the millions of people who have a hard time paying their bills on time, then credit counseling services may be just the thing for you. An advantage of credit counseling services is that you only have to pay a single payment every month, and they will do the work of forwarding your payments to all your creditors. In this way, you will be able to pay on time and avoid late payments. Plus, you are given the opportunity to pay lower interest rate. Managing a single debt instead of several debts at the same time is definitely a more manageable


What to Do When the Collection Agency Starts Calling

September 14th, 2007 by hfreeman

Collection agency workers go through training to learn different techniques to collect past due debts.  The following illegal tactics are used to scare consumers into paying their delinquent debts: persistent or threatening calls or letters, threat of legal action, referral to an attorney, pretending they are an old friend or neighbor, calling you by your first name to catch you off guard, sending falsified letters from attorneys.  Many of these tactics violate the Fair Credit Reporting Act (FCRA) and Fair Debt Practices Collection Act (FDPCA).

You can request that the collection agency contact you by mail only if you feel they are harassing you.  This provides you with evidence of any illegal tactics they may use.  A collection agency's goal is to get the debt owed paid as soon as possible.  Stick to whatever arrangements you make with a collection agency, don't let the collection agency scare you into doing something you don't want to do or change your mind about how much you can afford.  How to Get Our of Debt:  Get an "A: Credit Rating for Free will help you stop the