Archive for April, 2012

How to Get Long-Term Installment Loans for Bad Credit

How to Get Long-Term Installment Loans for Bad Credit

Challenging as it is, finding a long-term loan with bad credit is quite possible. And in case you have verifiable income this task becomes a bit easier. There are numerous finance companies, credit unions and banks that practice provision of long-term loans to people of lower credit ratings. The one

How Long Can a Collection Agency Try to Collect a Debt

How Long Can a Collection Agency Try to Collect a Debt

The length of the period during which a debt collector can collect on debt is determined by each state individually. If a debt collector attempts to bring legal action after the expiration of this period, this is a violation of the Fair Debt Collection Practices Act the third-party debt collectorsâ

What Happens if You Get Sued by a Debt Collector

What Happens if You Get Sued by a Debt Collector

Filing a civil lawsuit against the debtor is one among the wide range of tactics available for debt collectors, when trying to collect a debt. In case the debt collector wins, the debtor may be held responsible for paying not only the debt itself, but for court fees and attorney costs as well. Not a

How to Write a Documentation Letter to a Collection Agency

How to Write a Documentation Letter to a Collection Agency

Receiving a letter or a notice from a collection agency in an attempt to collect on a past due debt of yours, it is very likely that you don’t know what exactly the agency is referring to. In such a case you can dispute their claims and request to be provided additional, more detailed information.

What Happens with Unsecured Debt

What Happens with Unsecured Debt

Unsecured Debt: What It All Is About First of all, let’s understand what the term “unsecured debt” is about. This term stands for the kind of debt that is not tied to a piece of property or an asset. Thus, a mortgage loan is secured by your car or your house, and in case you stop paying, your

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