August 17, 2010

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The First Thing You Should Do If A Debt Collection Agency Call

When it comes to the subject of debt collecting, there are a lot of misconceptions and misinformation. Here are some tools of the trade that you can use if a debt collector ever calls you. When the collection agent calls, the first thing you want to do is figure out if this is a third party collection agent or an in house collection agent. Third party collection agents are hired by creditors on contingency, while in house collectors are the creditors.

August 14, 2010

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Collection Agency Basics Part Two: Who They Have To Answer To

In the first article of this series I explained what a collections account was. It is a delinquent account that typically runs 90 to 120 days late. Late accounts will either be collected by the original creditor itself, or sent out to collection companies. Sending an account out to a collection company benefits the creditor because they can both write the debt off on their taxes and collect profit on the debt owed.

August 9, 2010

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Taking Extreme Control Of Your Credit

Many people are finding that it is becoming increasingly difficult to get approved for a bank loan. This is due to banks changing their criteria and looking for higher credit scores. For this reason, it is essential to know where your credit rating stands. One of the best ways to take control of your credit is to order your free annual credit report consistently every year. This will provide you access to all three credit bureaus and allow you to monitor changes in your accounts and call to your attention anything that may need disputing with Equifax, Experian, or Trans Union.

July 26, 2010

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Credit Repair, Does it REALLY work?

As a well known mortgage and credit expert I am regularly asked if credit repair really works. Credit repair can be extremely effective if performed the right way.

July 20, 2010

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Picking The Best Time To Apply For A Mortgage

Lloyd B. Losada

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Well, when you are purchasing a house, no? Not necessarily, since you can make some decisions that can improve your chances for a home loan.

July 14, 2010

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The Big Difference Between Debt Consolidation And Debt Management

Have you already tried out different debt solution options but were not really able to get anywhere? You may have attempted several times to get rid of your debt problems through different means but were not really successful. You may probably feel by now that there really aren’t any improvements in your financial status, and despite trying everything just to get out of the mess you’re in, feel like the situation has gotten worse. You should keep in mind, though, that the reasons for your failures might not be rooted in the method that you have used. They might be because of something else.

July 12, 2010

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Eliminate Your Debts With Debt Reduction Assistance

Do you have debt problems which you feel are uncontrollable? Are you hoping for them to vanish completely? If you are feeling the burden of your financial obligations due to the high interest rates that your creditors require you to pay, debt reduction assistance is probably what you need.

July 3, 2010

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Things To Watch Out For With Credit Restoration Companies

There is a good reason why credit restoration companies are around. They offer great professional advice for people that are in trouble financially. Consumers in bad debt will need professional help if they want to see drastic changes.