Do credit card companies care about debt settlements?

Debt settlements are accounts receivable for the company. A huge credit card balance packed with late fees and overlimit fees may be a pain in the ass for card holders. The jump is made from creditor to collections. Yes, your credit card company may call you every day, but when does the credit card company …

Debt settlement Scams Explained

Debt Settlement Scams As the credit crunch is felt around the world many people are trying to make more room in the family budget by paying off some debt for less than what they owe. Paying off your credit card or other loans for less than the full amount due is known as a settlement. …

What Happens If You Miss A Debt Settlement Payment

What Happens If You Miss A Debt Settlement Payment What happens if you have a valid settlement offer, you are making payments, and then you miss a payment? Sometimes the company will work with you, but there is a chance you will be in breach of contract. Missing a payment means you invalidated the signed …

When creditors attack your credit report after identity theft :: Financial Scams

When creditors attack your credit report after identity theft Identity Hijacking – When creditors go wild by entering bad, false, or misleading information on your credit report. You were not the victim of identity theft, but you were the victim of identity hijacking. Your credit is hijacked until you get the matter resolved and life …

Protection From Online Banking Scams and Some Frightening Facts :: Financial Scams

Safe Online Banking and Phishing Scams A recent article from AARP says online banking may not be as secure as we need it to be. Design flaws—which include placing customer login fields and bank contact and security information on insecure pages, allowing the use of Social Security numbers or e-mail addresses as user IDs, and …