Eligibility For Debt Settlement - How Much Debt Must I Owe to Qualify For a Program? Eligibility for debt settlement was not a matter to consider prior to the times of recession. However, it has been a prominent question in every individual's mind. Those individuals who are reeling under the burdened with severe debt. It is not correct to say that debt issues evolved only during the time of recession.The eligibility for debt...more
The Bad Economy and Consumer Debt - Who Should I Be Talking to For Debt Advice? If you are standing under the burden of huge debts and now you are suffering from great financial loss, not all hope is lost. Still, you have different ways to keep yourself out from this trouble status. You may find different sources which can help you in solving all your financial problems. Many companies, agencies, service providers and agents are working to...more
Debt collectors calling: Understand when and when a debt collector cannot call you The Minneapolis collection agency repeatedly called Lisa and her husband, Michael, according to a lawsuit filed by the Minnesota attorney general, and demanded that the couple pay a debt owed by one Lisa Sterns. The couple, just as repeatedly, told the collector they didn't know any Lisa Sterns and asked the company to stop calling.Allied ignored the couple's requests. At one point, the collector insisted that the Burks were lying or, if Lisa Burk were not Lisa Sterns, that she knew Sterns and could tell Allied Interstate where to find her. It took intervention by the attorney general's office for the calls to finally stop.The Burks' experience with abusive collection agency tactics was annoying. Paul Alappat's encounter with a collector was expensive.Alappat said he was called two or three times by Buffalo, N.Y., collection agency Capital Management Services about a Chase Bank credit card debt. Alappat told the collector he had never possessed a Chase Bank card and asked them to stop calling him.When he applied for a home-equity loan two years later, however, the...more
Debt Settlement Consumer Protection Act - Don't Pay a Dime Until Your Debts Settle At the end of the year 2009, people were finding debts a nasty fence in the way of economic development. To get free from these debts, people started taking services of settling companies. But people hesitated in taking the services of the settlement...more
Collectors usually have goals that they are expected to meet. Sometimes these include success rate goals or average calls per hour. Because most collectors work for commission, they may depend on a certain level of success to meet their own needs.Sometimes bill collectors work evenings and weekends, other collectors may work for part time, but the...more
Debt collectors, or account and bill collectors' purpose in life is to attempt to collect payment on bills that are delinquent. Many debt collectors work for third party collection companies. The creditor, or the company or business that is owed the money, will often hire outside of the business; this is especially if their accounts receivable department is small.Other collection agents work directly for the original creditors; these workers are called in house collectors. Generally these are financially based businesses such as credit card and mortgage companies, healthcare providers or utility companies.No matter what business that they work for, the job of bill collectors are similar. First, they are called upon to find businesses or consumers that are in debt, and let them know that they are delinquent. Usually this will be over the phone, but sometimes they send letters.When debtors (people in debt) move without leaving a forwarding address, bill collectors may check with telephone companies, the post office, credit bureaus and former neighbors to get the new address. This practice is called "skip tracing." Collectors who do skip tracing will use computer systems to...more
Consolidate Debt: The True Purpose Consolidating your debt can be easy since generally, credit card companies are more than willing to help you out every step of the way. However, consolidating your debt isn't just about putting all of...more
Consolidate-Debt: Why It Is Important Consolidating debt means to consolidate it (put it) all in one place. Debt consolidation is important for being able to manage your debt because it makes debt management a lot easier when your debt is in...more
Debt-Consolidation: Getting Out Of Debt Debt consolidation is important if you want to get out of debt. Not only does debt consolidation make it much easier to manage your debt with it all in one place (on one credit card), but it is very...more
Debt as a positive word officially defined as the amount owed to a person or organization for funds on loan. It is a representation of a loan note, mortgage or other form compelling the repayment terms and, if appropriate, interest requirements as...more
Debt settlement companies have indeed done a great job in helping people with their debts. They have played the role of as an interface, bringing the customers and the creditors to a common platform, to solve their differences. However, you should...more
What Does A Debt Counselling Agency Do? Should I use a debt counselling agency to settle my outstanding debts? Debt counselling has helped many people get out of debt; however is it the best solution for you? Here is some basic information to...more