filed in Uncategorized on Mar.09, 2010
Having a vehicle or other item repossessed can be financially, and even emotionally, devastating! Many times, a repossessed item can represent loss of freedom or income (in the case of a vehicle) or maybe loss of security or family memories (in the case of a home). These alone are bad enough; however, then comes the realization that a repossession reported on your credit report will cause your credit score to plummet!
filed in Uncategorized on Mar.09, 2010
There is no doubt that accepting credit cards online is an absolute necessity if you intend to run an online business. No-one who wants to keep his online business profitable is going to only offer checks or money orders as the only way to pay for orders.
filed in Uncategorized on Mar.09, 2010
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. About 3 months ago 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.
filed in Uncategorized on Mar.09, 2010
You should call in a credit collection agency sooner rather than later. The longer you wait to begin the collection process on overdue accounts, the less of a chance you’ll have at recovering your money.