It is the age of phishing, and you treat requests for personal information very cautiously, even when the request comes from a known entity. Receiving a collection call is no different. You do not know the caller, so why should you discuss your personal finances with them?… Read More
If you stop making payments on a credit card (and never resume), the date you are officially 30 days behind becomes your default date. This is also the moment the reporting period clock starts ticking. The credit card company will typically charge off the account six months later.… Read More
Collectors are aggressive. There are exceptions. But it is a fact that the culture of the collection industry is rooted in the belief that dominant personalities prevail. The business attracts hard characters. Soft spoken gentle souls tend to make a living in other fields.… Read More
If you have been sued by a collector, but the case has not yet gone to court, there are a variety of credit repair techniques you can use to stop the legal process and avoid a judgment.
Stopping the Legal Process
If you have the resources to settle before your court date you should plan a strategy, have appropriate funds available, and contact the collector.… Read More