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Making Contact With a Debtor

Collecting debts can be a tricky business. However, the following are some key areas to consider when making contact with a debtor:
– Some basic definitions
– Basic tenets of contact
– Purposes of contact
Key Definitions
Debtor
The term ‘debtor’ includes an alleged debtor, and the term ‘debt’ includes an alleged debt. The term ‘debt collector’ includes creditors, independent collection agencies, collections departments within businesses, debt purchasers, assignees, agents, lawyers, government bodies engaged in trade or commerce, and other persons3 collecting on behalf of others.
Contact
‘Contact’ with the debtor or other person is interpreted widely. It …

Credit, Headline »

Can Online Installment Loans Help Build Credit?

Online installment loans offer a type of convenience and relative ease which other forms of credit do not.
In terms of servicing many different purposes, installment loans can be particularly useful to those who are looking to build up their credit, but only in certain circumstances. Like any other form of credit, if abused, it can have dire consequences for your financial future.
What are online installment loans?
Online installment loans are a type of credit which provides a lump sum a borrower which is then repaid over a set period of time. …

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[27 Feb 2018 | Comments Off on Tips to Rebuild Your Credit While Having Debt | ]
Tips to Rebuild Your Credit While Having Debt

Two of every five young Americans have credit card debt. In addition, a similar amount has student loans instead of credit card debt or in addition to it. When you are in debt, the risk of having bad credit is magnified. For many, finding ways to build a good credit score is often put off until after they have repaid the amounts they owe. However, can you improve your credit while having debt? Yes, you actually can.
Having a good credit score has a positive impact on many aspects of your life;  from …

Credit, Headline, Personal Finance »

[19 Dec 2017 | Comments Off on What Credit Card Benefits Are Best For You? | ]
What Credit Card Benefits Are Best For You?

We all use credit cards. Along with cash and 401ks, they tend to be one of the basic components of everyday financial life. But sometimes, you’re not really using yours to its potential. Okay, so you make purchases and then make payments, and you tend to do both pretty automatically. But do you really know that the credit card you have is the best one for you? When was the last time you reviewed what you have? When it comes to our income, we tend to be pretty on the …

Credit, Headline »

[15 Nov 2017 | Comments Off on Look Around to Find the Best Deal on Credit Assistance | ]
Look Around to Find the Best Deal on Credit Assistance

There are many reasons why you might need to look around to get the best deal on credit assistance. It could be because you’re putting so much on your credit cards and feel like you need help to manage your debt or maybe you have your business to run, and you don’t have the patience and time to deal with delinquent accounts. Credit assistance companies can help you to manage your student loans, pay off debt, or just get a firm grip on your budget.
With so many scam credit assistance …

Credit, Headline, Personal Finance »

[1 Nov 2017 | Comments Off on What Consumers Need To Know About Credit Fraud In The 21st Century | ]
What Consumers Need To Know About Credit Fraud In The 21st Century

There is a good chance that you’ve heard the horror stories of having bad credit. Bad credit is truly just as scary as having a poor criminal history. Once you’ve managed to ruin your credit, it is going to stick with you for the rest of your life. A poor credit score can make it incredibly difficult, if not impossible, to live a fulfilling and satisfying life. You’ll have a terrible time trying to get a loan and you might even face troubles when trying to obtain a good job. …

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[12 May 2017 | Comments Off on Tips To Build Good Credit | ]
Tips To Build Good Credit

If you’ve spent a long time trying to clear your bad credit, you’ll have a good idea of how long it might take to build up a good line of credit. It will take time, and you could easily fall into more debt if you’re not careful, but the results are worth the effort. A good credit score will help you get a good interest rate on your mortgage, loan repayments, and you can avoid security deposits on utilities. Here are a few suggestions to help you start building that …

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[9 May 2017 | Comments Off on Credit Mistakes Young People Make | ]
Credit Mistakes Young People Make

As you start out your independent life as a young adult, the feeling of freedom is overwhelming. You’re living on your own, earning your own money, and making your own decisions.
Now that you’ve got a paycheck coming in, you’ll have plenty of decisions to make–how much to spend, how much to borrow, and how much to save. It’s the borrowing that gets a lot of young people in trouble, to the point of triggering real financial hardship for some.
Many of those in dire financial straits seek legal help to improve …