U.S. Renters may be able to temporarily block eviction using the CDC Form
The CDC has temporarily banned evictions across the U.S. for tenants who can’t afford to pay their rent due to the pandemic.
Debt Solutions
Beware of Misleading Debt Elimination Schemes and Scammers
Using a debt elimination firm could cause you to end up with a bad credit score, tax lien, foreclosure, or a debt collector at your heels.
Risks of paying just the minimum due on credit card accounts
The minimum payment on credit accounts should be used as a convenience only because paying only the minimum could mean you end up paying 3 times the original purchase.
Can collection agencies keep updating credit reports
Has re-aging occurred when a collection agency updates credit reports. Probably not. Collection agencies can update the date of last activity, date reported, and open date but the date the account must be removed from credit reports should not change.
Does paying off collections improve credit score
Once a collection account lands on your credit reports it can stay for up to 7 years from the date of the original account’s default regardless payment. Paying a collection account does improve credit scores but only under FICO 9 scoring system.
How debt payment deferment impacts your credit scores
Payment deferment can give you room to breathe If you’re currently having trouble making credit card, personal or auto loan payments. Plus debt deferment can help save your credit scores from late payment marks.
5 Dangers when using a Debt Settlement Company
While getting out of debt sounds great, consumers using debt settlement companies often fail to realize the dangers. You may be able to reduce your debt but the negative impact on your credit scores may not be worth it.
How to Dispute Collection Accounts on Reports
To “dispute a collection account” find an error or inaccuracy… Read More »How to Dispute Collection Accounts on Reports
How to successfully and calmly deal with Debt Collectors
The best approach in dealing with a debt collector is to stay calm, stay off the phone and know your rights.
Debt validation lets you question the validity of a debt
You can request a debt collector verify the amount and validity of the debt they claim is owed by you. Validation is helpful when debt is repeatedly sold.