First things first, what is a statute of limitations on debt? A statute of limitations is the duration of time which debt collectors have to file a lawsuit to recover a debt. It is a rule restricting how long a creditor can sue you for the payment on that debt. All consumer debts, from credit card balances to medical bills,…
Credit cards seemed like such a good idea at 25… To purchase something with the assurance that you will pay in the future is what’s called “Credit”. Generally in this situation, the form of credit will be credit cards. Actually, credit depends on what you buy and where you shop from. This is the reason why marketing executives and businessmen…
Priorities for your money – Needs before wants. While some of our expenses are naturally more vital than others, some are by our own choices. Most people, especially the younger generation, constantly complain that they don’t have enough money. If you see their income and bank accounts, this really isn’t the case. It’s just they fail to keep track of…
Sometimes, we need help overcoming debt. When your debt becomes out of control and you don’t know what to do, the best option may be to seek a credible debt relief company. It’s a given that debt settlement may affect your credit, but most people would agree that it’s a better option than bankruptcy. Now the question is, how can…
Let’s talk about bankruptcy. Bankruptcy is an authorized process supervised by national bankruptcy courts. It’s intended to help individuals and businesses remove all or part of their debt and can also help them save a share of what they are in debt of. Most business or individuals that make this decision, understand that afterwards, they’ll have to recover from bankruptcy….
People are shifting their way of purchasing goods, but are they making a good decision? When we talk about the current credit card market, there are two major things on the rise in recent years. First, card rewards and incentives are increasing, and second, credit card debt is rising in conjunction. Think about it like this: The upward trend in…
How can budgeting apps help you take control of your debt? Let’s get to the point without sugarcoating it—it’s tough to keep record of your finances. With debts to pay, bills to deal with, receipts to track, not to mention keeping your finances in the best condition possible. It’s a lot for anyone to handle, even without sever debt. Many…
Understanding the need to recover unsecured debt. Seeing the credit collection letter when you open the mailbox is a daunting feeling. Their methods seem aggressive, sometimes even threatening. This is because debt collections have to be made for this agency to recoup their cost. After all, they likely purchased your debt from the original creditor, albeit for a fraction of…
Collecting Debt is a Tough Business Debt collectors can be very difficult to deal with. A debt collector (also known as debt collection company or debt collection agency) is a company that specializes in pursuing payment of debts from individuals and companies. They have managed to surpass this job description by also adding fear to the hearts of debtors with…
Spoiler alert: Most consumers in America are in debt. The debt level of American citizens has run up to trillions of dollars and is expected to keep climbing. The government fears the debt crisis, and the average citizen just wants to sleep better at night. With these issues affecting the country, one method that consumers look to is debt relief….
