In Time, You May Just Get A Text From Your Debt Collector

Who does not enjoy a good text message? Fast, painless and no speaking on the phone to that annoying person you have to get in touch with! There is no arguing with the fact that texting is becoming a major conduit for the exchange of information. It is no wonder that there were practically 750 billion text messages sent in the United States last year, nearly twice the amount of text messages sent in 2008.

Is Investing In A Mutual Fund Worth Your While? Part Two

In part one of this series, I spoke about some of the pros and cons of mutual funds. I let you know that there are a number of expenses that come with investing in a mutual fund, including the high price of management fees and brokerage fees that come with trading frequently. But, the fund manager is bound by a responsibility to find the best deals on commission for you that she or he can. Also, the expertise of a fund manager can be quite helpful for beginners when they start to invest.

Paying The Balance Won’t Help Your Credit Score If You Are Maxing Out Those Credit Cards

Think that paying your credit card balance in full is good for your credit, even if you are using most of your credit limit every month? Think again! You don’t get extra points for paying in full, even though it’s an intelligent move. Your credit score is based on information in your credit report, and that credit report does not show that you have paid off the balance. What the report does show are monthly balances as reported by creditors.

Avoid Getting Burned By Debit Cards- Part One

The overwhelming majority of folks don’t think anything of it when they hand over their debit card to buy an item, but not those that have been burned by debit cards, debit cards that can be used like credit cards. Last summer, a native of San Jose, California utilized his debit card to book a rental car that he aimed to drive from Memphis Tennessee to Saint Louis while he took a vacation.

An Oldie But A Goodie – Fake Debt Collector Scheme

Even though it’s an oldie, apparently it’s still a goodie. Enjoying a recent boost in popularity, the fake debt collector scam still fools unknowing victims.

Americans That Are Uninsured And Underinsured See The Medical Debt Relief Act As A Godsend

From 1999 to 2009, premium costs for family insurance have risen by one hundred and thirty one percent. That’s easily over three times the rate at which working wages rose during this time. In this period of economic hardship, millions of jobs have been lost, putting workers who have just lost their jobs at risk of living without health insurance also. For those who remain employed, employers are pushing more of the costs of health insurance onto their employees as they struggle with economic uncertainty. Then there are blue collar and retail workers, waitresses and the like who are paid less, work harder and are not offered health insurance plans at their jobs. No wonder that Americans are struggling to pay their medical bills.

Alternative Tactics May Help the Collection Industry

The Collections industry’s tactics may be taking a turn for the….better? Keeping in mind the number of recent lawsuits against debt collection agencies, ACA International, the largest trade group of professional creditors and collectors, claims more and more collection companies are working towards training collectors to take a more of an empathetic position.

What Is A Collection Company Allowed to Do?

When does a collections agent over the phone cross over the line into harassment? Collection agencies are restricted from utilizing obscene language or threats of violence. However, they are allowed to insult your integrity and make you feel bad about the person you are.

Bankruptcy: Everything You Need To Know

Bankruptcy may be seen as a quick fix solution to financial issues. However, the effects of bankruptcy are long term and can impair your ability to obtain employment, house, and any type of credit. It is important to weigh the pros and the cons of bankruptcy before making a major choice.

When Should I Call In a Credit Collection Agency?

You should call in a credit collection agency sooner rather than later. The longer you wait to begin the collection process on past due accounts, the less of a chance you’ll have at recovering your money.

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