Tagged: credit report

Threats, Lies and Coercion: Inside a Debt Collector Boiler Room

The victims would get a phone call. On the other line was a man claiming to be a police officer. He’d say that he was on his way to arrest them for check fraud and would tell them a time to be available. Sometimes he’d say he was working on extraditing them under new state government rules. Others, he’d say he was calling from the attorney general’s office. In no case was any of this true. They were all underhanded attempts to collect a debt. Serious Violations of Debt Collection Laws Debt collectors working for Four Star Resolution and Vantage...
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Can My Credit Card Company Sue Me?

If you have unpaid credit card debt and you’ve been regularly missing payments, chances are you’ve been getting calls from the creditor issuing a stern reminder about your situation. But if you think credit card debt stops there, think again. One day the calls might stop, but the next day someone could be on your front stoop serving you court papers. That’s right, a creditor can sue you. What’s more is that in the event that you had to agree to an arbitration clause upon signing your credit card, you yourself may not be able to sue, or go to...
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How to Get a Default Removed From Your Credit File

Your credit report could influence whether a company sells you an insurance, hires you for a job, or gives you a loan. So it is very important to be really aware of the information companies see in your credit report. Negative information expressed in your credit report could negatively impact some important aspects in your life. If you’d like creditors to remove a default from your credit report, the steps you have to make depends on whether the information is correct or not. FOR INCORRECT INFORMATION Step #1 If the negative information is inaccurate, write a letter to the company...
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How Do Public Records Affect Your Credit Score?

According to BSC Alliance, it’s estimated that anywhere from 1.3 to 1.5 million Americans file for bankruptcy protection each year. In 2013, Fox Business News reported that the IRS filed over 300,000 tax liens, or unpaid assessed money against your property or salary. Hundreds of thousands more Americans have court judgments filed against them. So just what do bankruptcy, tax liens and court judgments have in common? They’re all types of public records – or public legal documents – that can appear, linger and negatively impact your credit score. In fact it’s estimated that bankruptcy alone can dock an otherwise...
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Credit Score and Home Insurance

You already know how important a good credit score is to getting approved for loans and securing the best interest rates available on them. But there are other reasons to repair credit aside from low interest rates – like the impact it has on your home insurance premiums. Yes, contrary to what you may have heard elsewhere, your credit score has a direct effect on how much you pay for homeowner’s insurance. For instance, according to PropertyCasualty360: Homeowners with bad credit pay up to 91 percent more in home insurance premiums than those with excellent credit. Homeowners with average or...
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