Debt

Orlando debt collection company in big legal trouble

Attorney General Pam Bondi has frozen the assets of an Orlando debt collection company whose employees are accused of posing as cops and government agents to collect debt. Investigators said the company has been preying on customers by collecting debts they weren’t authorized to take and a warrant was served Friday morning at the business... Read More »

Debt collection horror stories

Debt collectors are getting nailed for threatening and deceiving consumers. Debt collector horror stories abound: There are threats to dig up the dead relatives of those who couldn’t pay their funeral bills, promises to imprison debtors or take their children into custody — even warnings that pets will be killed. Under the Fair Debt Collection... Read More »

Are graduate degrees worth the cost?

Here is a short video I found on CNNMoney that talks about graduate degrees and that debt that comes with a college education. Is a college degree worth the... Read More »

Credit and Debt Myths

These is a lot of false information on the internet about credit scores, credit repair, the fair credit reporting act, credit laws, debt and finance. Here is a little list I made to clarify some of these fair credit myths. Amount of debt DOES affect your credit score. “It was only a $75 unpaid debt... Read More »

5 Common mistakes that lower your credit score

Maintaining good credit can be a real challenge if you do not understand what you are doing. There are countless formulas that go into making up your credit score that determine whether your credit score goes up, goes down or stays the same. The first step to preventing yourself from lowering your credit score is... Read More »

How to maintain good credit?

As you might already know it can be hard work to obtain a high credit score. It does not happen overnight. Establishing good credit then maintaining your good credit history does require a commitment to excellence on your part. You must continue to pay your bills early or on time each and every month including... Read More »

Your Credit Score and Divorce

It goes without saying that a going through a divorce can be a very stressful experience. Aside from the emotional aspect of divorces, which can take a toll on all parties involved, the financial component can only exacerbate an already unpleasing situation. No matter, if a divorce is amicable and is not meant to be... Read More »

Top 10 causes of debt

The top ten causes of debt are: Reduced income with same or higher expenses Divorce Poor money management skills Underemployment / not earning enough money Gambling / addictions Medical expenses Saving too little or not at all No money communication skills / has a history of leading  to #2 Banking on a windfall / spending... Read More »

Will unpaid student loans ruin your life?

Will unpaid student loans damage your credit score and ruin your life? Let’s start by first stating that defaulting on any loan including a student loan can have serious negative consequences. If you are able to recognize you have a problem in time then there are usually ways to repair the damage caused by defaulting... Read More »