It is a reality that so many people are faced with the complicated job of credit fix. They have overextended their credit cards and have to repair some late payments. They have made some bad decisions when it comes to credit history and a bad credit score. But repairing your credit isn’t as difficult as many people might believe. It takes some time, but it can be achieved.
Commercial Collection Agencies Can Be Good For Business Cash Flow Improvement
April 10, 2010 By
It is not unusual for larger businesses to have their own in house debt recovery division, that’s responsible solely for the collection of the company’s bad debts, but for smaller businesses who would not have this ability, commercial collection agencies makes sound business sense. Plenty of larger organizations also are entrusting this critical operation to commercial collection agencies finding it cheaper to employ their expert services whenever needed.
Who Is LVNV Funding and How To Handle Them
March 6, 2010 By
LVNV Funding is a collection agency with questionable business practices. Well known for their unorthodox methods of purchasing debt and inflating or padding the amounts for profit, they can cause havoc with your credit report and may require legal help to remove all the erroneous information they have placed on your credit report.
How To Use Debt Validation To Fight Collection Agencies
March 1, 2010 By
The Fair Credit Reporting Act protects you from unscrupulous methods collection agencies use to collect money owed on a debt. Sometimes these debts are marked up as much as 150% of the original amount owed. These agencies can be challenged in a court of law to be removed from your credit report, before they create havoc in your financial life and irreparable damage to your credit rating.
Credit Card Collection Agencies and Negotiating Settlements
December 19, 2009 By
The Negotiation Process and Midland Collection Agency
December 11, 2009 By
California Couple Awarded $500,000 in FDCPA Case
May 28, 2009 By
Last month, Manuel and Luz Fausto won one of the biggest collection awards documented in the last couple of years under the Fair Debt Collection Practices Act (FDCPA) against Credigy Services Corporation. A California jury awarded the Faustos $500,000 in damages derived from harassment by Credigy collectors. Of the sum, granted $100,000 was for actual damages the Faustos experienced, while $400,000 was in punitive damages, granted for malicious and reckless disregard of the couples rights. According to one of the Faustos lawyers, David Humphreys of Humphreys Wallace Humphreys, P.C., and the case derived from a debt on a Wells Fargo charge card opened in 1992.
