How to stop Debt Collectors

If you need help in repairing your credit or you need a fresh start in rebuilding your credit score here are two companies that are there to help.

For help with your credit report go to this website.

To start rebuilding your credit score you will need to start somewhere, here is a place that will help.

A huge majority of these collectors break every known law out there to collect a debt.
Many of them will call you 10-15 times a day to harass you to no end.

They will call your employer, friends, neighbors, parents, in laws or whoever they can in an attempt to embarrass you.

Things to do to stop the calls.

1. Never talk to a collector, they are trained to get information from you and they can and will use it against you to collect the debt.

2. Send a certified letter with signature required asking them to stop contacting you and to only contact you by mail. This is the cease and desist letter that can be added in the letter above or by itself.

3. Many collectors use many different phone numbers right from their offices to fool you into thinking they are someone else. Now they are even going to several cell phones in an attempt to make you think they are someone else calling.

4. If you happen to answer the phone, tell them to stop calling you and do not talk to them. If you are allowed to record the call, let them know you are recording the conversation right at the start. Check you state and local laws before you do this.

* No law states you have to accept their call or even talk to them *

I have an important tool for you to find out who it is before you answer the phone.

Do you want to know who is calling you? By clicking here you can search who is calling you.

It Works like a detective by allowing you to know who they are even from a cell phone. Collectors are using cell phones allot now because they do not want you to know who they are.

If you are getting harassed by a collector, stop them right now. They have no right to do this and they know it. Do not allow their scare tactics to get to you.

Fight back! They do not expect it from you.

Usually a collector will send you a letter in the mail, this letter is called a dunning letter. The letter also is bound by many laws.

The letter is supposed to simply let you be aware of a possible debt that you may owe to someone.

In the letter they are supposed to give you the name of original creditor as well as who they are. Usually they are either a collector for the original creditor or a junk debt buyer who bought the debt from the creditor for pennies on the dollar.

Also in the letter is supposed to be account numbers, amount owed etc.

The law forces them to include also a mini miranda rights section. This tells you, the consumer, that you have 30 days from the date of the letter to dispute the debt if you believe it is not your debt, or if the amount or other information is incorrect.

Now as a consumer you should know a couple important things.

1. Respond to the letter right away and for sure within the 30 day time period, the letter you send is called a validation and dispute letter, requesting validation from the sender. You are disputing the debt or the facts shown.

This is a letter asking them to prove to you that you owe the debt and why are trying to collect it. Did they buy it or where they hired by the original creditor to collect it.
If you do not respond within the 30 days to that letter, then you are telling them that you do in fact owe them what they are saying you owe and they can further file lawsuits etc to collect the debt.

2. You can ask them to cease and desist all collection activities until they can validate or prove to you the debt is yours.

3. You can request they only contact you by mail and also request they do not communicate with others about this alleged item.

4. In most cases a collector will tack on other amounts onto the bill therefore it may be an incorrect amount therefore you must dispute

I urge everyone to dispute everything no matter if you owe it or not. This must be done within the first 30 days. By law the collector has to validated the alleged by sending you proof that you actually owe them or the original creditor and if they purchased the debt the proof they now own it.

If you do not respond to the letter then you are agreeing that you owe the amounts even if it is wrong. I know it does not sound right but it is.

5. Very important! The letter cannot contain any threats to you in way. Many collectors love to add in little sayings like you will lose your job, we will be garnishing your wages, we will collect the debt by coming to your house, etc. This is against the law and any threat should be dealt with immediately by filing charges at your local police station and speaking to an attorney.

They are also not allowed to make you believe they are attorneys when they are not. Many will use a law office type of logo and they are not attorneys.

Some collectors are attorneys so you need to be careful with this part.

Shop Around for the Best Bad Credit Home Loan Possible

Applying for a bad credit home loan is very simple and contrary to belief you do not need to already own a home, there is no credit check available and the loan can help you to rebuild your credit score or help to avoid bankruptcy. Obtaining a loan form a bank with bad or low credit is extremely difficult. However when applying for a bad credit home loan you should not take the first one you see.

When applying for a bad credit home loan make sure the interest rate advertised is actually the rate you will be receiving. A bad credit home loan will have high interest rates but you want to get the lowest high interest rate possible. Companies that offer bad credit home loan can advertise their best rate, which means some individuals, receive this rate but not everyone.

As with any loan your bad credit home loan will be based off of your credit score, this causes the interest rate to be high. If you have recently defaulted on a loan, taken on too much debt, or have a slow payment history then you will probably have a very high interest rate. There are many different varieties of bad credit home loans so you should speak with a representative. If you don't qualify for one loan you, may qualify for a different bad credit loan.

For more information on how to obtain bad or poor credit loans for homes, cars, credit cards, student loans and more please visit this website.

It is very important that everyone takes a look at their credit report. I feel this is the most important part of fighting those collectors!

You will never know what is on your report unless you check it. Sneaky debt collectors will fill your credit report will wrongful information if they know you are not looking at your report. Often they will pull your credit to see if you do.

Stop them dead by looking over your credit report and disputing their wrongful reporting.

I suggest that you check your report and look at the details. If there is something that is incorrect then you need to take action to get it removed or corrected.

This is one way to check all 3 credit reports, Equifax, Experian and TransUnion.

See your Credit Score for $0 at CreditReport.com. It's Free and available in seconds.

Check your credit report, go to one of the most trusted credit reporting websites MYFICO to check your credit.

You need to add good credit to your credit file to get the score boost you need.
When you have some dings on your credit file it can be hard to obtain any credit until you can get your scores up.

Once you obtain some credit mainly using credit cards or store cards as they help your score as long as you leave open credit on the card.

How do I get credit my credit score is low right now and I just started credit repair, well there are many ways. Many companies give you a fresh start.

Once you are able to get some new fresh credit showing on your report with some credit limits and pay them on time you will get a boost in your credit score, then as your score goes up you apply for those cards that now fit your new credit score.
Repeat this as you go while you are on your credit repair journey and before long you will see your score rise rather quickly.

Here is a company that can get your started. Remember, you have to add new good credit to your report to get the scoring boost you want. Having low or zero balances on any card you get is they way to go.

Here is one card that is very easy to get:

Or you can compare many different cards all at one location:

You may be interested to know that bad credit can be fixed.

There are many ways to not only clean up your credit but also get removals that boost your score.

Bad credit can be fixed folks. Visit creditboards,com and read all the success stories.

The one particular member had a 350 FICO scores with 50+ negatives on their report and in less then 2 years removed every single negative and had scores over 700 last time I checked.

Even if you have poor credit I can tell you that it can be fixed or changed with some effort.

Remember, your credit report is your's, not there's and it is the law that everything is reported 100% accurate.

Couple more suggestions:

Never allow someone to place something on your credit file unless it is suppose to be there, force them to be accurate, if it is not, dispute it. You can learn how to dispute it from the credit forum above.

Fight back, even if you owe the debt, fight them back. Collectors are usually dirty players and will do things purposely to your credit report to hurt you for years. A well informed consumer is a real pain to most collectors.

Remember good credit scores will get you things for less money! Meaning interest!

Collectors love to break the law and or abuse it to collect money from you, in most cases is either not owed or out of statute to be collected on.

You really need to know who is calling you.
Here is where you can find out who is making those harassing calls and put an end to them.

If you have poor credit, don't worry it can be fixed!

If you have poor credit you can be on the road to recovery by knowing what to do.

Adding good credit lines and keeping them and removing bad credit lines, is the way to obtaining a good credit report with higher FICO scores.

There are many way to do this even with poor credit, go here to get started repairing your credit.

FTC- Federal Trade Commission

Someone on your side to fight collectors
File a complaint with them, they have a ton of weight to make sure the collectors are following the laws. ( Most of them do not ! )

FTC Website

FDCRA
Fair Debt Collection Practices Act- The laws in which the collectors must follow for all collection activities. It list all the laws that you can search through to find the laws the collectors have broken so you can use it as your defense. In some cases if the collector breaks one of these laws they will have to pay you!

The FDCRA laws

FCRA
Forces the collector to correctly report any item on your credit file. Anyone reporting anything on your credit file must be 100% accurate and no less or it has to either be changed or removed.

FCRA

State laws are also important. The statute of limitations stops the collectors from being able to collect a debt if it is past the date of your states SOL. Very important part of fighting a collector.

Statute of limitations by state

Attorney Generals Offices

Your state Attorney General has a huge role in making sure the collectors are following the laws. Again, some AG's go right after a bad collector while some simply do not put out the effort they should to help you if a law is being broken.

Learn laws and methods to get either removals or corrections. A well informed consumer can tackle a dirty collector easily and win by knowing the laws and tactics to get them to do the right thing.

NACA

A list of lawyers and consumer advocates to help you if needed.

Lawyers and consumer advocates

Repairing Credit Yourself

The Fair Credit Reporting Act gives you the right to dispute any and all items on your credit reports that you feel classify as inaccurate, unverifiable, or misleading. If the bureaus can not verify that the information on your reports is indeed correct, then those items must be deleted.

Disputing items on your credit report is easy. Getting results from the credit bureaus is amazingly difficult, complex, and infuriating. It is not a coincidence that the Federal Trade Commission receives more complaints against credit bureaus than any other type of business. Remember, the credit bureaus are primarily interested in protecting their profits. Investigating your challenge consumes these profits. Short of sparking a mass number of lawsuits, the credit bureaus seem to do everything in their power to discourage consumers from making progress in their restoration efforts.

Restoring your own credit is like repairing your own transmission or representing yourself a court of law; it is possible, but you must decide if you are willing to take the time and assume the risks of doing it yourself. Most people choose to allow an attorney to represent them because an attorney better understands the complexities of the legal system. If you decide your time is better spent and you would like a respectable company to help, we HIGHLY recommend using Lexington Law.

Many people will some issues on their credit report try to go to a dealer to get a car loan, if they do approve you they sock you for tons of fees and high rates.

You need to look else where as most dealers are hooked up with lenders who give the dealer a piece of the action and therefore pass it onto you.

Time to get the loan approved before you go to the car lot.

Information Detailing Bad Credit Personal Loans

Bad credit personal loans may be your only option if you are hit with unexpected debt such as a large tax payment, or large car repair bill as a few examples. You bad credit may be due to an accident or unexpected event, which makes trying to receive a normal loan frustrating as you may have had a great credit score prior to the event.

Your first step before applying for bad credit personal loans is to review your credit score and history and to try and resolve as many points against you as you can.

There are specific agencies that can help you accomplish this.

To view your report and get your credit scores visit the secure site by clicking on the picture below. They are one of the most trusted and reliable companies on credit report information.

You need to understand how bad credit personal loans work before you start applying for one. Bad credit personal loans are unsecured so you do not need collateral in order to receive the loan. To first qualify for bad credit personal loans you will need to fill out an application for the loan you chose. Bad credit personal loans will require you to provide information so that your credit information can be accessed if necessary.

3 Easy Steps to Repair Your Credit

Credit scoring is a very complicated equation that incorporates many different factors. These factors are tied together and wind up giving each individual a credit score between 300 to 850. Although there are many credit repair companies available to assist you in rebuilding your credit, below are three very simple steps every person can take to improve their credit score.
 
1. Pay Your Bills on Time!
This may sound obvious, but to most people, this is the largest factor in destroying their credit- payment history amounts for 35% of your credit score. People blame their busy daily lives on missing the occasional payment, but it is far from worth it. Although many creditors do not report your delinquency to the credit bureaus until you are more than 30 days overdue, they can contractually raise your APR as high as 30%, and apply late payment fees monthly, typically in the amount of $35 a pop. If you weren't having financial trouble before, adding hundreds and thousands of dollars in interest in fees will cause your minimum monthly payments to drastically increase.
 
2. Store Credit Cards
Although the idea of a 10% discount on your first purchase may sound enticing, don't fall for it! The store makes money based on the fact that consumers will see the bill and realize they can make a lesser payment rather than paying the balance in full. Your initial store purchase of $100 can be spread out over months and years, while they tack on interest which causes your balance to often stay the same! If you read the fine print you'll realize that most of the cards START at a 24.9% interest rate. Having many credit cards is destructive to your credit report, and looks as though you are in need of credit if you are constantly applying. While to you it seems like a simple 10% discount, to the credit bureaus, applying for all of the credit cards at stores you shop at looks like you are in need of credit and unable to pay cash. In stores, pay cash or use a low balance credit card if necessary, and feel confident that the 10% discount on that purchase IS NOT worth the damage it may cause to your credit score.
 
3. Keep Credit Balances < 30% of your Limit
Some people consolidate their debt, hoping that having only one credit card, even if it is maxed out, will look good on their credit report. In fact, it is the exact opposite. It is much more beneficial to your credit score to have that debt spread amongst several credit cards, staying under 30% of each cards limit. To the credit reporting bureaus, if you have smaller balances on several cards, are not near your credit limit on any of them, and manage them all, you look fiscally responsible. You are managing multiple accounts and not overspending. It looks as though you are comfortable financially and use credit wisely. If you have one credit card that is maxed out, with no other revolving accounts, it looks as though you are in a financial situation that is difficult to manage, you are spending beyond your means, and the risk of defaulting is much higher. 
 
Credit is a very difficult thing to manage on your own, which is why there are many credit repair companies and counseling agencies available with more information that can be tailored to each specific individual to rebuild your credit.

To find out more on how to repair your credit and how to get loans even if you have bad or poor credit visit this site.

Tips on Getting a Student Loan with Bad Credit

Applying for a student loan with bad credit can be even more intimidating then ever. You desire further education to learn and enhance your career. However you may not be able to pay for that education unless you apply for a student loan with bad credit. Do not let your bad credit stop you from pursuing your education; there are options available for student loans with bad credit.

You can get a student loan with bad credit if you are willing to have a co-signer that has a good credit history. With a co-signer you are able to get good term sand interest rates, much better then getting a student loan with bad credit on your own. Many times all it takes is a family member to co-sign with you.

You can contact financial institutions directly to explain the situation and see what comes of it. There are many reasons for bad credit that have nothing to do with you being irresponsible. Perhaps your bad credit is due to medical bills or other emergencies. You will still be able to get a student loan with bad credit though the interest rate may be much higher then a standard loan. There are other factors that will be included with your credit history to get student loans with bad credit, such as if you are employed and what field you are going into.

You can also apply for a combination loan that may consolidate an already existing loan with a new tuition loan. This can be a good option to receive student loans with bad credit though you may need a co-signer for a combination loan. One of the first things you should do is fill out a FAFSA to try and qualify for any federal loans. These loans are based on your income and are low interest loans. So before you apply for student loans with bad credit you should first try for the government loans, as each school will have its own lender for Perkins loans.