A good credit score tells a lender that you are likely to pay a loan as agreed. Borrowers who are perceived as less risky score the best rates on loans. The way to build a good credit history is to demonstrate that you manage credit well. This means paying as agreed on loans and paying [...]
Archive for the ‘Debt Management’ Category
19 Aug
Statute of Limitations for Debt Collection
If you owe a debt, a debt collector can take you to court and try to get a judgment against you to have the debt repaid through garnishment of wages or other assets. However, for some types of debts (also called time-barred debts) there is a time limit on how many years the debt collector [...]
6 Aug
New Rules for Companies Advertising Debt Relief
Some debt relief companies advertise services that sound like salvation to people drowning in debt. But a Federal Trade Commission (FTC) fact sheet states, “ Based on information that one of the industry associations provided, nearly two-third of enrolled consumers, all of whom had paid in advance, dropped out of the programs within the first [...]
