Debt is a part of most people’s lives. Click here for info on how to keep your debt in line!
August 2010
Collection Companies are a pain!
Why would anyone be interested in reading about credit report collections? Well, most the time it’s because you have been denied credit and have ordered the credit report to see what’s going on. Low and behold many times there are collections on your credit report. These collections are being reported by collection agencies and they’re killing your credit scores! When someone researches their credit report for problems and finds collections, usually the immediate response is to begin looking for ways to correct or remove those items from their credit report. The good news is there are a few ways. The most popular way is by disputing them with one of the 3 main credit bureaus (Equifax, Trans Union and Experian) that are reporting them. You can also contact the collection agency directly and try to… […]
July 2010
How to deal with Old Debt…Zombie Debt
Sometimes old debt that you thought was long ago dead and forgotten comes back to haunt you. A scary practice performed by junk debt buyers and collection companies is the purchase of old and often outdated debts for pennies on the dollar and then come after you for payment. These outdated debts are known as Zombie Debts which you may have to kill if they resurrect from the grave. […]
HUGE one day deficit jump – $166 Billion (with a "B")
The US deficit jumped $165,931,038,264.30 on one day last week (June 30), making it the 3rd largest daily increase to the deficit in US History. According to Stephen Dinan: The figure works out to nearly $1,500 for every U.S. household, or more than 10 times the median daily household income. According to Wikipedia, deficits are: A budget deficit occurs when an entity spends more money than it takes in. […]