The First Thing You Should Do If A Bill Collector Calls
When it comes to the subject of collecting debt, there are a lot of misconceptions and misinformation. Here are some tools of the trade that you can use if a bill collector ever calls you. When the debt collector calls, the first thing you want to do is determine if this is a third party collector or an in house collector. Third party collectors are hired by creditors on contingency, while in house collectors are the creditors.
Categories: Debts and Loans Tags: accounts receivable collection, accounts receivable collection agency, Accounts Receivable management, bad credit loan, bad debt collection agency, best ny collection attorneys, collection agency software, commercial debt solutions, Debts and Loans, new york debt collectors
Debt Collection Laws Change After Politicians Get Fed Up
Almost everyone who has been in debt has received the dreaded phone call from a debt collection agency. But sometimes one phone call turns into twenty, and even worse, an agent may be aggressive and borderline threatening on the phone.
Categories: Business Tags: bad credit loan, Business, business collection, collection agent, collection company, debt consolidation, debt negotiation, debt negotions, debt reduction, debt settlement, good credit, medical debt collection, professional debt collection, small business collection agency
What Every Collection Agency Should Know About The CARD Act
On February 22nd, 2010, the Credit Card Accountability, Responsibility and Disclosure (CARD) Act took effect. The CARD Act had one major purpose: to attempt to harness in credit card practices and set limits to the fees that credit card companies charge consumers. It was designed with credit card holders in mind, limiting the amount of credit made available to them in this recession "for their own good."
What Does My Credit Report Mean And How Was It Calculated?
As of 2009, bankruptcy filings that were new increased by over thirty five percent in just one year. Although it may seem like a dismal sign, a good way to look at it is that all of these people are on their own paths to rebuilding their credit scores and ultimately, financial freedom. We have all seen commercials with "people just like me and you" telling us to go to whichever website and look at our credit score. We know that if the number is high, it's a good thing. It it is low, it could mean trouble finding a loan, getting a job, or a new place to stay. But just what is a credit score?