In “Secret History of the Credit Card,” FRONTLINE® and The New York Times join forces to investigate an industry few Americans fully understand. In this one-hour report, correspondent Lowell Bergman uncovers the techniques used by the industry to earn record profits and get consumers to take on more debt. “The almost magical convenience of plastic ...
Is it true that if a collection agency doesn’t honor a ‘pay for deletion’ letter after you’ve paid it, you can then send a letter to the original credit grantor (the bank who gave you the loan or credit card) telling them that you are no longer responsible for this debt or you do not ...
I heard on CNN that you can get one free credit report per year from each of the 4 major credit bureaus. Does anyone know the names of the credit bureaus, the number to call (or address) and what you need to do to get a free copy of your credit report? More Credit Debt ...
Isn’t the statute of limitations for debts 7 years? I have a collection agency calling me several times a day and the debt is coming up on 7 years old. I refuse to pay it because it’s from a video store that says I didn’t return a movie. It never happened. I disputed the debt ...
I have a significant amount of debt that I need to eliminate. The real problem I have is the high interest rates. I make around 50K a year but my credit isn’t very good because I have so much debt. If I could get a one-year loan for about 10-15K I could eliminate all of ...
My fiance and I have about $10,000 in credit card debt. We have both been able to keep up with our payments (always paying on time) but recently it is starting to become a problem. We have had a few emergency expenses (car repairs, medical bills, etc…) and our income has decreased slightly. We now ...
I received a phone call from a Mr. Flores (that’s the name he gave me) about paying off a debt on a Discover Card. I explained to him that I have never had a Discover Card and I have never received any statements from Discover or anything from a collection agency about this debt. He ...
A review of AnnualCreditReport.com featuring a screen-by-screen overview of what to do to get your free credit reports. www.videocreditscore.com More Credit Debt Advice ...
How long can a collection agency try to get money from you? Is there a time frame when they will stop calling? Also, if you don’t pay at all, are they going to give up the account eventually? Thanks! More Credit Debt Advice Royalty Free Music Saves Money & Time | Breaking News – Trans4you.org ...
How to get out of Credit Card Charges. The reality is they are hard to get out of but it’s not impossible. www.gradualreport.com for less More Credit Debt Advice Cleaning out your Credit card Debt | Credit Card Blog | Credit Card Articles ...
I have a lot of debt spread out among credit cards, private loans, medical bills, etc. Is it possible for me to consolidate my debts so I would only have one payment each month? I have trouble keeping on top of all of my bills because none of them fall on the same day. Would ...
I was unemployed a few years ago and most of my debts went to collections. The only accounts that I kept current were 2 credit cards and a small personal loan. I have a job now but my hours were cut due to the recession so I don’t make enough money to pay the collection ...
I don’t understand how collection agencies work. After a collection agency fails to collect a debt, do they just sell it to another collection agency or does it always go back to the original creditor? More Credit Debt Advice How can I find out if a collection agency is licensed to collect in Michigan? | ...
Identity theft is a serious crime. It occurs when your personal information is stolen and used without your knowledge to commit fraud or other crimes. Identity theft can cost you time and money, destroy your credit and ruin your good name. Deter identity thieves by safeguarding your information. ■ Shred financial documents and paperwork with ...
After graduating from college I was unemployed for about six years. During this time I was unable to pay all my credit card bills so they went to collection agencies. I continued making payments on some of them, but on others the statute of limitations has run. I am now able to pay off these ...
Recently, a debt collector contacted me about an account with a department store that I paid off in 1993. They said that I still owe on it. I no longer live in the state where this account was initiated, so which states’ statute of limitations do I use, the state where I lived when I ...
What can consumers do to get credit in todays world? A critical piece is knowing about your FICO® score, how it works, and how to make sure yours is the best it can be. Fair Isaac is helping consumers through a program that delivers FICO® scores free as part of online banking statements, and free ...
I fell behind on my credit card payments when I had an emergency medical expense. Although I have a steady job and income, the credit card companies have raised my payments and dropped the limits so there’s no way I’ll be able to catch up. I want to do debt consolidation but the companies I ...
You can reduce debts by various methods. However, this article highlights 5 effective debt reduction methods that can help you to become debt-free. Debt reduction methods The 5 debt reduction methods are given below: 1. Stop using credit: You should stop using credit when you have accumulated too much debt. It is quite difficult to ...
Selecting the right debt settlement company is not a decision that you can make quite easily. Now people are taking help for credit card settlement. There are a plethora of companies that assure that they can reduce your debts if you send money to them, however, how much reliable are they? How can you be ...
A 72 year old friend of mine has $60,000 in credit card debt and he can’t afford the payments. He is retired and his only source of income is his Social Security check, which isn’t much. He owns his house but that’s his only asset. What can he do? More Credit Debt Advice Social Security ...
Retailers often do not check IDs or signatures when you use a credit card. Credit card companies do not require merchants to check IDs either. Not signing your card actually voids your contract, but who checks? www.IDTheftSecurity.com More Credit Debt Advice Beware ATM/credit card fraud « My Longkang Low Cost Way to Reduce Credit Card ...
I found out that my social security number has been used by an ex-relative. I have had many credit cards issued in my name without my approval, and I have closed countless accounts over the years. Now new cards keep getting issued in this person’s name with my social security number and it shows up ...
I have several credit cards and I have always paid on time and slightly more than the minimum. Now, I got a notice that my minimum payment will be increased from 2% to 5% on the card with the largest balance. I don’t understand why they have done this (they didn’t give a reason) but ...
A lot of people advise that everyone should do their own credit repair. Ideally, this would be a very good decision since no one knows the details of your situation as well as you. However, not everyone has the time that is required to dedicate to this task, nor will everyone be able to accomplish ...
www.ScoreMoreCredit.com – Credit expert, Brian Diez, reveals why it’s so difficult to remove inaccuracies from your credit report and how the credit bureaus make a profit off of the disputes that their reporting methods actually cause. More Credit Debt Advice How is revolving credit reported to credit bureaus? | business answers Brian Diez’ Credit Audit ...
I owe about $45,000 on my credit cards and $30,000 to student loans. Most of the credit card debt was charged under those limited-time low-interest-rate offers, but the time limit will expire next month on most of them. Because I am currently unemployed, I will not be able to make the payments when the interest ...
www.My-Spy.com offers a new high-tech solution to identity theft and debit card and credit card fraud. This service allows users to monitor their accounts on their cellphone via text message, providing the earliest possible detection of identity theft and card fraud. MySpy works with over 300 financial institutions in Canada and the US. It is ...
I got a copy of my credit report and I sent letters to the various collection agencies asking them to verify these debts. Three of the letters came back as undeliverable. I would like to start repairing my credit but I don’t want to send money to agencies that either no longer exist or no ...
My truck loan is in collections for non-payment. The debt collector authorized me to sell the vehicle so I can pay off the debt. They even faxed me a written statement of authorization to sell. I took the truck to a dealership but they said that the collection agency won’t hand over the title. What ...