Statute of Limitations vs. the Reporting Period on Credit Items

When it comes to understanding your credit score and credit reporting, there are a lot of terms to remember. Because of this, sometimes it’s easy to get confused when it comes to knowing your rights and how to manage your credit repair efforts. Two of the most commonly confused concepts in credit repair and credit…

What Are My Legal Rights After Debt Settlement?

When you’re in the process of settling a debt, it’s crucial to keep complete records and to take careful steps concerning how you pay off your settlement. If you don’t take all the necessary precautions, or fail to make payments, creditors or collection agencies may continue to come after you for the full amount you…

What You Should Know Before Dealing with AFNI Collections

If you have had the displeasure of dealing with AFNI Debt Collections, you may already know some of the aggressive, unfair, and even illegal techniques they employ to try and get your money. It may seem intimidating considering that the agency collects on behalf of large companies like Verizon, Comcast, and State Farm Insurance. Fortunately,…

Debts That Qualify

One of the most common reasons to file for bankruptcy is to discharge your overwhelming debt and start your finances over on a clean slate. But just because you file for bankruptcy doesn’t mean that your responsibility for every single type of debt suddenly disappears. In fact, only certain types of debt qualify for discharge.…

Best Debt Consolidation Loan Companies of 2017

Life can feel overwhelming when you’re saddled with loads of debt from different creditors. Maybe you carry multiple credit card balances on top of having a high-interest personal loan. Or maybe you have a loan with an adjustable rate and your payments are starting to rise each month, making your budget more and more uncomfortable.…

Debt Consolidation Companies

Being in debt may seem like an overwhelming burden, but it doesn’t have to. There are many options available for taking control of your debt and getting it paid off in a timely manner. One popular method is to use a debt consolidation company. Another is to get a personal loan or a home equity…

Re-aging Debts and Illegal Debt Collection Practices

When you owe a large amount of debt, you run the risk of becoming a target for untrustworthy creditors and debt collectors. Both the Fair Credit Reporting Act and the Fair Debt Collection Practices Act provide a legal framework for your rights and responsibilities as a borrower in debt. However, it’s important not only to…

13 Ways to Get Out of Debt Faster

Whether you have credit card debt, car loans, student debt, or all of the above, owing money is no walk in the park. While it seems easy to get into debt, getting out of it is a lot harder. Interest compounding on top of your principal can make payments extraordinarily high. Even if you make…

Everything You Need to Know About Filing for Bankruptcy

The mere thought of filing for bankruptcy is enough to make anyone nervous. But in some cases, it really can be the best option for your financial situation. Even though it stays as a negative item on your credit report for up to ten years, bankruptcy often relieves the burden of overwhelming amounts of debt.…

How to Negotiate with Creditors

Whether your mailbox is stuffed full of past due notices or your phone is ringing off the hook, you can’t ignore your creditors forever. And it’s always better to try and work out a deal before the situation becomes serious, or worse, your debt gets sent to a collection agency. Negotiating with your creditors can…