Debt Settlement
How Creditors Try To Ruin Your Holidays
The holiday season should be a time of joy, celebration, and togetherness. However, for many individuals and families, financial struggles can cast a dark shadow over these festivities, including ruthless collection efforts from debt collectors.
Read more »of “How Creditors Try To Ruin Your Holidays”
Zombie Debt: Just As Scary as Real Zombies
Zombie debt is debt that will not die, or keeps coming back from the dead. This term is used in the credit industry to describe debt that resurfaces in collections after the statute of limitations (legal time limit to collect the debt) has expired. With collection agencies still attempting to collect the debt, it can reappear on your credit report and negatively impact your purchasing power.
Read more »of “Zombie Debt: Just As Scary as Real Zombies”
Phony Debt Collectors – How to Spot Them and What to do About It
Increasingly, fraudsters are posing as legitimate debt collectors or attorneys and offering to accept a discounted amount to settle valid debts. They call unsuspecting consumers and are convincing. They typically know your social security number, your address, the amount of the debt, and the name of the creditor. They will claim to be from an organization with an official-sounding name. They will send you official-looking documents to sign. And, after you’ve paid, the real debt collector will still be able to pursue you for the full amount owed.
Read more »of “Phony Debt Collectors – How to Spot Them and What to do About It”