If you owe debt to a creditor bill collectors have the ability to file lawsuits against you, report your debt to credit bureaus, and should be taken very seriously. The best way to protect yourself and your financial situation is a methodical approach. First, know why you are being contacted. Know where the debt is from and exactly how much it costs.
So Called Debt Collector Scams Seventeen Victims Out Of Money
June 1, 2010 By
A bill collector in Williamsville recently pleaded guilty to fooling a local bank in a fraud that caused his nearly two dozen victims to lose $440,000. Noah Schapiro, the man who ran the fraud was informed by the State Supreme Court that he will most likely face a prison term of six to twelve years and will that he will be forced to sign confessions of judgment for his whole scam to seventeen debt investors and the Citizens Bank.
Which Financial Issue Do You Tackle First? Mortgage Or Credit?
May 19, 2010 By
Can Repossessions Be Removed?
February 17, 2010 By
It can be financially devastating to have a vehicle or other item repossessed, not to mention embarrassing! The repercussion of repossessed items can mean different things to different people. Repossession of a vehicle usually means loss of freedom to the owner. Repossession (foreclosure) of a home can mean the loss of family memories. Beyond these emotions, a repossession will trigger the downward spiral of your credit score!
Secured Credit Cards – Up Close and Personal
January 5, 2010 By
The use of secured credit cards is actually on a big upswing. There are many reasons that this is so. However, in short, people use secured credit cards to help rebuild their credit, as financial relief in these harrowing economic times, and, in the case of a younger generation, to learn the basics of handling credit while learning not to overspend.
