Tag Archives: credit card debt
Important Debt Validation Letter Secrets
Throughout the recent years in the credit card debt collection industry, two types of letters have been confused on a regular basis. The first is debt validation letters, which provide consumers with extremely valuable protection against unwarranted collection efforts by both creditors and debt collectors. The second letter is a debt verification letter, which provides little if any protection to any consumers. Do not get these letters confused! Continue reading
Strong ARM – How the Debt Collection industry has grown through aggressive practices in the economic downturn
How would it feel if money was taken from your wages for a debt that is not yours? This unfortunate scenario happened two times to a New Mexico woman who had no connection to the Target Bank account or to the collectors employed by Target. Because the debt buying industry has grown in leaps and bounds since the 1980′s, cases like this are becoming more and more common. Now the combination of technology and large debt buyer firms has created a profitable industry that also holds the record for highest industry complaints logged with the Federal Trade Commission. The government does not have the resources to respond to all the complaints it receives but luckily there are consumer protection statutes in the Fair Debt Collection Practices Act that can help consumers fight back against collection bullies. Continue reading
Four Effective Ways To Maintain Your Credit
Keeping a good credit standing once you’ve built it, can be just as challenging as building it. But it doesn’t need to be. You will find some things you are able to do effortlessly to make sure your credit stays intact, no matter what life throws your way. Continue reading