Category Archives: Credit
Advanta Credit Card Scam
I sit at my desk completely frustrated with Advanta. I opened up a business credit card with them 3 years ago and made a purchase of $6500 to help build my business credit for Rapid Recovery Solution, my Collection Agency. I have paid more then the minimum every month, on time. November 2008 I noticed that my interest rate seemed a little high. No where on my statement did it say the actual interest rate so I called the company. After 10 min or so I get a live rep on the line and they tell me it is 36.1%. Are they kidding, this must be a mistake. I have over a 750 score and never missed a payment. They said they sent me a notice in Aug that they are doing this due to a change in there lending methods. It turns out this is the second time this year they did this. I went from 8.99% in Jan 08 to 18.99 in Feb 08 to 36.1% in Aug 08.
Credit Card Settlement Deal And Its Particular Procedure
There are many people who enjoy using credit cards. With these cards consumers will utilize them for booking hotels, tickets as well as purchasing items. On the other hand, several people put themselves in large debt annually. It's a proven fact that most of these people can't make the payments punctually and then should make some sort of credit card settlement with the creditors.
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Important Things That Determine Your Credit Score
Credit restoration starts by understanding how your credit rating is determined. If you have a good credit, it is because you have been doing a lot of good things with your credit. If you have bad credit and need credit restoration help, then there are certain things, such as your payment history or amount of debt, that have led you down the road to having bad credit.
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Credit Card Relief Realistic Option?
There are a lot of people who can only dream of someday becoming credit card debt-free. On the other hand, there are ways to get that free.
The Real Truth About Credit Card Reports
Credit card bureaus are very bad at maintaining accurate records. In truth, there is no less than a 1 in 3 possibility that your credit card report consists of inaccuracies and that is the lowest estimate. The Charles Givens firm estimates that an unbelievable 90% of credit card reports consist of inaccuracies!
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Disadvantages Of Having Credit Card With Bad Credit
Having good credit score after having bad credits is really impossible to happen. This will not happen that easy. You have to know that most credit card companies have to secure their interest. They have to rip those individuals that as a bad credits and has an unreasonable charges. And here are the drawbacks of owning credit card with bad credit.
Are The Debt Collectors Looking For You?
When you get a call from a debt collector it is because you have a bill that has gone unpaid for several months. The company that you owe the money to has probably sent you several bills or reminder notices. If you have not contacted the company, paid the bill in full, or at least part of the bill, the company no longer considers this an open bill. It is now called bad debt.
Your Credit Report Basics
Your credit score, and your criminal record. Both depend on your past, both can make you or break you, and both follow you around for a really long period of time. But, only you, and maybe your attorney, know the details of your criminal record. Your credit score is a whole different story. It can be pulled when you apply for a new credit card, go for that new job, try to get a new car, or even try to move in to a new place.
Posted in Credit Tagged collection agent, collection attorney, collection company, collection debt old, collection quote, collection service, collections, collections agency, commercial debt collection, credit, credit score, debt problem, international debt collection agency, medical collections Leave a comment
Credit Card Bureau Model Tested In Current Downturn
Discover Financial Services, facing the necessity for further funding while income is decreasing and credit card charge offs are increasing, received only a unenthusiastic response from the equity market as a public offering last week of its average shares had to be priced at a 12 percent reduction to the market.
What Every Bill Collector Should Know About The CARD Act