Do I understand the Fair Credit Reporting Act correctly?

Posts Tagged ‘Bad Debt’

Do I understand the Fair Credit Reporting Act correctly?

By Author on Saturday, July 16th, 2011 | 3 Comments

I have an old credit card account that was charged off, then sold to a new collector. After the federal reporting period has expired for the original credit grantor, all entries pertaining to that account must be removed, to include the entries submitted by the company that bought the bad debt. Is this correct? If [...]

Who is responsible for credit card debt if somebody dies? Or does the company eat it?

By Author on Tuesday, July 12th, 2011 | 6 Comments

Say somebody has X amount of credit card debt, then they die but still have that debt to the credit card company outstanding, what happens? Does the company have to write it off as bad debt or ? Perhaps the company can hit up that person’s estate. But let me pose another question then – [...]

Debt Consolidation Promotes Healthier Choices And Living

By Author on Friday, July 1st, 2011 | No Comments

Debt consolidation can be a great solution for those who are searching for a way to get control of their finances. There are a variety of different ways to approach this endeavor and it will heavily depend upon your current situation. In order to discover the most appropriate pathway for your resolve one would have [...]

How do you lower your credit limit without lowering your overall credit score?

By Author on Thursday, September 16th, 2010 | 2 Comments

I have only have one revolving credit card, and I have a very high credit score. Because of this overall score they subsequently increase my credit line, even though I don’t ask for or use this revolving line of credit. Question? I have been told if you ask for a credit line decrease they lower [...]

If you call Discover Card and ask them of you pay off your balance in full if they will give you money off?

By Author on Thursday, September 9th, 2010 | 2 Comments

I have heard you can call them and tell them you are having money troubles, but tell them you can pay off the balance in full, but you need some of the interest charges off there. WIll they really do that, WITHOUT it hurting your credit? Related Credit Card Sites Choosing Bad Debt Consolidation For [...]

Credit Cards For Fair Credit

Posts Tagged ‘Bad Debt’