With a background of working with a debt consolidation loan agency, I have a unique perspective on how debt collection agencies work. For example, did you know that some creditors may use “likely to pay” data attributes from agencies like Transunion on your account to see whether you may pay? The creditor could potentially use […]
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Your voicemail box is full, but it’s not family and friends calling you to wish you a happy birthday, but it’s a debt collection agency such as Harris and Harris that are calling you every single day. The tons of messages you get are beginning to give you anxiety issues, and you’ll like to stop
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When it comes to managing your finances, there are plenty of terms that can seem daunting and confusing. One such term is a charged off debt, which refers to a debt that a creditor has written off as a loss. What Does It Mean When a Debt Is Charged Off? A charged off debt might
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With the higher unemployment rates and increasing cost of living, it is easy to fall into debt. While you might have been confident in your ability to repay your loan when applying for it, sometimes you encounter financial hardship, which leaves you struggling. Should You Pay A Debt Collection Agency Like LVNV Funding? LVNV Funding,
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If you’re struggling with unpaid debt, it’s important to be aware of the risk of debt collectors taking legal action against you. While some may set a minimum balance of $500 before pursuing a lawsuit, it ultimately depends on the creditor’s individual criteria. To help you understand the likelihood of being sued and what can
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DISCLAIMER: This article is provided for informational purposes only and should not be considered financial advice. We’ve witnessed debt settlements ranging from 30% to 80% and know that several factors affect these offers. As a former CEO of a debt settlement firm, I have considerable experience negotiating and settling debts, giving me valuable insights into
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Making your payments on time can improve your credit score. Despite this, the delinquency rates for mortgage loans, auto loans, and credit card repayments increased in the last quarter of 2022. US consumers now owe a record $31.5 trillion in debt and these missed payments are adding to this figure. So, let’s find out how
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Disclaimer: This article does not provide legal advice and should not be taken as such. If you require legal assistance, it’s recommended to seek a free consultation with a local attorney. For many Americans struggling with debt payments, the thought of a debt lawsuit can be terrifying. The financial consequences of such a lawsuit can
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Buying a new property can be an exciting experience. The thrill of finding the perfect place to call home is unmatched. However, that excitement can quickly turn into dread when you discover that your dream home comes with an HOA that requires monthly payments. What are HOA dues, and how can you get out of
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When a borrower is significantly delinquent on their debt payments and fails to make any effort to repay what they owe, creditors will often turn to the courts for legal support. Filing a lawsuit is one of the most effective ways for creditors to recover their money. If they succeed in their lawsuit, they can
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