How do I get rid of credit card debt fast?  Being in credit card debt can be a frustrating and scary experience.  The over the limit fees and the late fees can get burdensome if not pushing you over the financial edge.  If you have your back against the wall you do have a few options.

What Is The Quickest Way To Get Out Of Debt? Continue Reading »

If you are behind on your bills and are being hounded by your creditors, the experience can be unsettling.  Many people are curious as to how long it takes for their past due accounts to be turned over to a third party collections company or collection agency.

It Can Take 90-120 Day For Your Account To Go Into Collections Continue Reading »

What is Debt Negotiation? Debt Settlement is a process where a debtor negotiates with a creditor and the creditor agrees to a reduced principal amount of payback. Debt Settlement is also know as debt arbitration and debt negotiation. Debt Arbitration is considered to be an honorable way to settle your debts.

Will a creditor really settle debt with a debt negotiation program? Continue Reading »

What can I do if the creditor is wrong? Just because a bill collector is requesting money from you does not mean that you actually have to pay them. Just because they claim to have documents supporting the debt does not mean that they actually do. Do not let them push you around into paying money that you do not owe. There are two things you can do to to prove you do not owe the money and the debt collector is wrong. Continue Reading »

How do you settle collections and old debt? If you have old bills and collections that need to be paid, you may want to think twice about just handing over the money. Just handing over money to a collection agency may not help your credit score. The credit must be willing to report the collection account as a paid collection rather than an unpaid collection account on your credit report. Most creditors will be happy to take your money, they just wont bother to change your credit. Make sure to get it in writing that you are going to pay them only if they agree in writing to change your credit report. Continue Reading »

Does paying off collections help my fico score? Having open collection accounts can do major damage to your credit score. Just one collection account can drop your credit score over 100 points. This can be the difference between buying a home or not buying a home. Having bad credit will limit the types of credit that you can get as well as the interest rates that you will get. As you can image, having unpaid collections on your credit report can put you in a higher credit risk category. This would most likely cause you to get higher interest rates when you apply for credit. Continue Reading »

TASC stands for The Association of Debt Settlement Companies. The goal of TASC is to promote solid practices in the debt settlement industry and protect the interest of consumers and debtors. TASC also lobbies at the federal level on behalf of debt settlement companies. Continue Reading »