Entries Tagged ‘action collection agency’:

What Do Credit Reports Mean And How Are They Calculated?

As of 2009, bankruptcy filings that were new increased by over thirty five percent in only one year. Although it may seem like a dismal sign, one good way to look at it is that all of these people are on their own paths to rebuilding their credit scores and ultimately, financial freedom. We have all seen the commercials with “people just like you and me” prodding us to visit whatever website and find out what our credit score is. We know that if the number is high, it’s a good thing. It it’s low, it could mean trouble finding a loan, getting a job, or a new place to stay. But just what is a credit score?

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10 Tips To Help Collect Past Due Accounts

10 Tips to help you recover money:

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Red Flag Rules Retailers Must Obey

Starting on November First of 2009, financial institutions and other creditors were mandated to comply with the Red Flag provisions of the Fair and Accurate Credit Transactions Act of 2003. The purpose of the Red Flag rules is to alleviate and prevent identity theft. Identity theft could be defined as any fraud involving people getting particular benefits by pretending to be someone else.

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Debt Collectors Considering Text Messages

There is no doubt that text messaging has become a major medium for exchanging information. Easy, painless, no speaking on the phone. No wonder that according to the latest statistics that have been taken there were almost 750 billion text messages sent in the U.S. in 2009, almost double the number from one year before. Actually, technology and research firm executive Jacob D. Almeida recently predicted that money transfers will be the top mobile application by as early as 2012.

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