Debt

FTC Puts Freeze on Debt Relief Robocalls

| July 29, 2010 | Categories: Consumer Protection, Debt | Comments Off on FTC Puts Freeze on Debt Relief Robocalls

Rogue debt relief companies advertising through robocalls may no longer charge high upfront fees. That is the result of a Federal Trade Commission ruling that goes into effect October 27, 2010.

At issue is the practice of debt relief companies using auto dialers to contact thousands of people each day in order to push their financial products. The vast majority are debt settlement companies who prey on vulnerable debtors who are desperate to get help with their delinquent debt accounts. Continue reading →

Debt Management Tips for a Smarter Debtor

| July 26, 2010 | Categories: Debt | Comments Off on Debt Management Tips for a Smarter Debtor

Managing your debt takes a plan. It may seem like a monster if it’s large, but you are ultimately in charge of keeping your debt under control. There are many ways to manage it, so take a deep breath and relax. Continue reading →

Serious Delinquency, Derogatory Public Record or Collection Filed

| July 26, 2010 | Categories: Credit, Debt Tags: , , | Comments Off on Serious Delinquency, Derogatory Public Record or Collection Filed

When denied credit due to serious delinquencies, it sends a message that lenders are not willing to risk lending you money at any price. They know that any judgments or collection activity that you have had in the past are indicative of likely defaults on new debts in the future. Credit bureaus refer to court judgments as derogatory public records. Continue reading →

Debt: A Definition

| July 8, 2010 | Categories: Debt | Comments Off on Debt: A Definition

Debt. It’s a small word, but it’s a big topic in the world of finance. It’s been around since the barter system, and it will always be around as long as goods exist. It can affect people of all ages and backgrounds for varying amounts of time. At some point in your life, you will have to deal with debt. It kinda sounds like “death,” and sometimes it might seem like it has a stranglehold on your wallet, but debt is an issue that can be resolved, as long as you stay informed. Continue reading →

Debt Arbitration: Take Your Disputes to a Neutral Third Party

| July 6, 2010 | Categories: Bankruptcy & Legal, Debt | Comments Off on Debt Arbitration: Take Your Disputes to a Neutral Third Party

You and your creditor are having a debt-related argument that cannot be settled by your combined efforts alone. You both decide to take your dispute to a neutral third party for a fair resolution. You then agree that the arbiter’s decision is legally binding for the both of you. This is debt arbitration. Continue reading →

Credit Card Transfer Deals are a Careful Way to Save Money

| July 1, 2010 | Categories: Credit, Debt | Comments Off on Credit Card Transfer Deals are a Careful Way to Save Money

A credit card transfer deal is the transfer of a balance from one credit card to another. Many credit card companies offer transfer deals at good rates in order to attract new customers, but it is also to get a transfer using your existing credit cards. Although you have to be careful, credit card transfers are good ways to save money. Continue reading →

What is a deferred payment?

| June 29, 2010 | Categories: Debt | Comments Off on What is a deferred payment?

Deferred Payment is a broad term that stands for one of the most common form of sales deals in the world. In simplest terms, deferred payment is a debt that is agreed to be paid in full at some later date. This form of payment is usually used when vendors believe that the payment received and the sale of product outweighs the risks of agreeing to a later payment from a buyer. Continue reading →

Proportion of Balances to Credit Limits is Too High on Revolving Accounts

| June 26, 2010 | Categories: Credit, Debt | Comments Off on Proportion of Balances to Credit Limits is Too High on Revolving Accounts

You were approved for $10,000 in credit, so why can’t you use it? You can, but understand that using too much of that available credit can lower your scores. That’s not a big problem, as long as you don’t anticipate opening a new credit account anytime soon. Continue reading →