Tag Archive | "Debt Collection"
Colorado Attorney General Sues Credit Repair Company
It’s bad enough to reach the end of your rope in dealing with your debt. You don’t need to feel like you’re going to be pillaged by someone who tells you they can help. So called “credit repair” companies seem to do more harm than good. In my experience, they’re no better than negotiating a [...]
Continue reading...The Cost of Payday Loans
Monday, February 22, 2010
The Denver Post has a story about a proposed bill that, if enacted, would limit the interest that payday loan makers could charge. The bill would cap interest at 36%. Borrowers can now get hit with interest rates of up to 300% under a convoluted interest schedule. While taking out a loan for $400 and [...]
Continue reading...New Credit Card Law Goes in Effect February 22
Tuesday, February 16, 2010
The Credit Card Accountability Responsibility and Disclosure Act of 2009, goes into effect next week on February 22, 2010. While the Act is supposed to protect consumers from getting in over their heads, I have to wonder if it’s going to. I don’t think it’s going to keep people who are desperate for credit, either [...]
Continue reading...What Happens When a Creditor Makes a False Credit Report?
Monday, February 15, 2010
Maybe this has happened to you: You pay off a credit card. The credit card company reports to a credit bureau that you are delinquent on the debt. You dispute the report. The credit card company corrects the report. Then it happens three more times. The credit card company reports default. You dispute. Credit card [...]
Continue reading...Can a Debt Collector Call My Boss?
Wednesday, February 10, 2010
Lately, your phone has been ringing non-stop. Your credit card company is calling and wants to know when they are going to get paid. Even worse, they’ve started calling you at work. Can they talk to your boss or co-workers? Human resources? It depends. Generally, without the prior consent of the consumer given directly to [...]
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Tuesday, February 23, 2010
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