Archive for the Credit Category

Interest Calculation on Your Interest-bearing Checking Account

Interest Calculation on Your Interest-bearing Checking Account

If your checking account is interest-bearing (i.e. earns interest on the balance of deposited finds), you may want to calculate the interest accrued on it. Just make sure that your checking account is interest-bearing, as opposed to non-interest-bearing accounts, which only hold the account balance

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

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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