I typed “consolidated debt services” into a search engine recently, and I came across Consolidated Credit Counseling Services. It was the first option, and I guess I was feeling lucky, so I clicked on it. I’m glad I did because I was impressed by its transparency and its ability to help out its clients. Continue reading
Debt
Tax debt resolution services are frequently scams
Getting a tax debt resolution is similar to a regular debt settlement. If you are late in paying federal taxes, the IRS will act like a creditor, saying you may face consequences if you don’t pay up soon. The difference with taxes, however, is that the claim of potential consequences is true. Your assets may get frozen or seized, and you will be in an economic morass. In searching for a resolution, you may enlist in help from an attorney or a company that offers tax resolution services. As with any financial issue, you need to watch out for potential scams. Continue reading
The Mortgage Forgiveness Debt Relief Act of 2007
If you have debt, you might be having trouble with everyday purchases. If you are having trouble with your mortgage, you need to do something to protect yourself and your family. One of the few government debt reduction programs is available to you, if you qualify. The Mortgage Forgiveness Debt Relief Act of 2007 can allow you to restructure an unaffordable mortgage loan in order to prevent foreclosure. Continue reading
How to Spot the Fake Collection Agency Scam
Are you receiving threatening phone calls about collection accounts you do not recognize? Are the callers especially abusive? You may not know it, but you could be a victim of more than just a collection law violator. You could be the target of the rapidly growing fake collection agency scam. Continue reading
American Fair Credit Council is TASC 2.0
The Association of Settlement Companies (TASC) was arguably the most embattled trade association during 2010. Nearly all of their membership routinely included many now banned practices as a part of their everyday operations. TASC is trying to forget all that bad press by “reinventing” themselves as American Fair Credit Council (AFCC). The question is, are they truly inventing themselves or is this simply a renaming ploy in order to ditch their dirty laundry? Continue reading
Frontier Financial Group and Ezell Williams Charged with Illegal Debt Collection
Judge James Stucky ordered two collection agencies to cease all debt collection efforts in West Virginia until they become licensed with the state. The action is against Frontier Financial Group, LLC and Ezell Williams. The companies must also stop collecting payday loans, which are outlawed in West Virginia. Continue reading
Debt negotiation letters for out of reach debt payments
Debt negotiation involves a lot of communication with your creditors and an arbitrator, if you have chosen to seek one. Along with phone calls, you might also be writing many letters, and you want to give your messages as clearly as possible. The most common types of letters you will be writing are requesting an alternative payment plan from your creditor, an offer or counter-offer for debt settlement, and acceptance of a verbal offer from your arbitrator. I will give examples of how to write all three. Continue reading
TRW Ventures Illegally Charged Advance Fees in Credit Repair Scam
Arkansas Attorney General Dustin McDaniel filed suit against several companies owned by president Thomas Randall Wells. The charges include allegations that the companies regularly promised customers that all of their negative information could be removed through their credit repair service. Customers were also charged advance fees of $700-800. Continue reading
6 Tips when Being Sued for Debt
At the back of every debtors mind is the possibility of legal action being taken against them by their creditors. This often comes at a time when things cannot seem to get any worse as individuals are already buried in debt. If you find yourself in this situation do not lose heart, here are three do’s and don’ts of being sued for debt. Continue reading
How Do I Lower My Credit Card Interest Rate?
Credit card interest rates are often the culprits for the debt problems of individuals. If a balance on a credit card cannot be completely paid down then interest rates can very quickly multiply the overall amount of money owed. Individuals can end up paying hundreds in interest fees without paying off the actual debts. Lowering these rates can be key to controlling an individual’s debt, and their hopes of eventually becoming debt free. Here are some tips that can help individuals reduce their interest rates. Continue reading
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