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Some ways to avoid collecting bad debt are: To keep tighter control of your finances, make your payments on time, stick to the terms of your contract, be very careful with credit card companies.

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11y ago

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What are some ways to clean up a credit score?

Some ways to clean up a credit score is to start paying bills on time, reduce credit card debt, and open a bank account. Those are the best ways to clean up a credit card score.


Is there other ways for government to have money without collecting taxes?

There are other source of revenue for the government other than collecting taxes such as capital receipts, revenues from state-owned enterprises, interest from investment funds, fines, loans, and donations.


What are some steps to clean up your credit?

There are different ways to clean up one's credit. You can contact your creditors to see if they will work with you to lower your payments. You can also sign up with any of the debt consolitations you see on TV or in the paper.


If a bill is sent to a collection agency will it go on your credit report?

Yes it will go on your credit report. It will usually appear as a "charge-off" if it has been sent to a collection agency. ***Typicallly the answer is yes. It really depends on what the subscriber (the own of the debt) chooses to report. They may or may not report the debt to the Credit Reporting Agencies. They usually do, but I've seen it go both ways. If the debt is already on your credit report, get the debt paid in full (try to avoid a "settlement"). Then request (in writing, return receipt requested) that the original creditor report the debt "paid as agreed". This can positively impact your credit score. If consumers would take the initiative to communicate (in writing) with their creditors when they first encounter financial difficulty, the demand for collection agencies and bill collectors would significantly diminish.


Can a creditor or debt collection agency access your business bank accounts for debt collection?

With a judgment and execution, the sheriff can. Without it no. But the collection agency can never legally access it. However, there are ways to do it illegally. Can the creditor do it... ? If you have a citizens acct and a debt with them, then yes, they can legally access whatever accounts you have with them. But a creditor can't just get access to you bank accounts. (I own a collection agency)

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What are some ways to avoid medical bill debt?

A few ways to avoid medical bill debt is searching for a company that offers catastrophic health coverage. Always make sure to research your current insurance company to see exactly what is covered in your current plan and what you might have to pay extra for in order to get covered.


Can you eliminate student loan debt interest?

In the US, the government will not remove the interest on student loans. They have too many ways of collecting. This collecting process will extend all the way to your social security.


What is debt hypothesis?

Debt hypothesis is the hypothesis in which a person may go into or get out of debt. In other words, it's a theory an individual may come up with to measure ways to avoid or get out of being in debt.


What are some ways to avoid having to file for bankruptcy?

One way is debt consolidation programs, where you combine all of your debt into one monthly payment, often with lower interest rates. Another is debt settlement, where you work with creditors to agree on a reasonable amount that you can pay.


What are some ways to reduce debt?

Don't borrow


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How does the kiwi's nocturnal habits help them?

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What are some ways that organism avoid being preyed upon?

ggjuiloi


Can 401K funds be subject to garnishment for credit card debt?

No 401K money cannot be seized for virtually anything. If by garnishment you mean your collecting from the 401k - there are many ways that income can be seized, just not while it's in the 401k.


What are two ways the debt-to-GDP ratio can decrease?

The debt can be repaid, or the GDP can grow faster than the debt.


What are the different ways for getting out of debt?

There are a few different ways to get yourself out of debt. You can either call a debt consolation company or you can do it yourself. You just need a list of the companies you owe, and the amounts.