Most people want to avoid debt collectors at any cost. The interest charges on hefty account balances can be debilitating, and rather than trying to pay it down– they run. Perhaps you’ve already tried collection efforts in-house to no avail. You’ve called, sent emails, snail-mail, and barred them from using… Read More »How a Debt Collector Can Collect An Outstanding Debt
In late 2012 the Consumer Protection Bureau, the leading authority and website on consumer complaints in the United States, began accepting complaints about credit reporting, giving consumers individual-level complaint assistance for the first time at the federal level.Read More »Debt Collectors Are True Professionals
Credit collection account could stay on the credit report for seven years. Although you pay it in full, still it is considered a negative account and will stay on debtors file as a “paid collection” for seven years. A lot of accounts turn out in collections after four to six months without disbursement. During this period, the creditors might have stopped calling you concerning the debt. Paid credit collections might not help credit score. Read More »How Long Does Negative Information Stain Your Credit Report?