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What else can I help you with?
Where can one find information about how to eliminate credit card debt?
There is a lot of online information available about how to eliminate credit card debt. There is information from the Federal government, debt consolidation agencies, or self-help information available online.
Can you get a job in a bank with a fair credit rating?
yes, we all have debt, it depends on how you handle it.
Where would it be possible to find information about how to eliminate debt?
There are many organizations and companies that have been set up to help one eliminate debt, to include Freedom Debt Relief, Consumer Credit, and the Debt Counseling Corp. Additionally, many websites like CNN Money, Frugal Living, WikiHow, and The Dough Roller have articles about how to eliminate debt through a variety of means.
How could one reduce credit card debt?
Credit card debt is reduced by mainly paying the bills. It can be restructured, for example, having interest rates reduced, but the only way to eliminate it is to pay it.
What happens to a credit card debt after 7 years?
After 7 years, most credit card debts are typically removed from your credit report due to the Fair Credit Reporting Act, which limits the reporting of negative information to seven years. However, this does not eliminate the actual debt; creditors can still pursue collection efforts or legal action to recover the amount owed. Additionally, while your credit report may no longer reflect the debt, it can still impact your creditworthiness if you have unpaid collections lingering. It's important to address any outstanding debts even if they fall off your credit report.
Can credit card debt be erased in Tennessee bankruptcy?
A Chapter 7 BK can eliminate credit card debt.
Where can one find information about how to eliminate credit card debt?
There is a lot of online information available about how to eliminate credit card debt. There is information from the Federal government, debt consolidation agencies, or self-help information available online.
Can you get a job in a bank with a fair credit rating?
yes, we all have debt, it depends on how you handle it.
If original creditor charged off then sold it to a collection agency can they both report the debt where the same debt appears twice on your credit report?
no.This is in violation of The Fair Credit Act and The Fair Debt Collection Act.Report this to the FTC and your state attorney office.then look for a lawyer to sue them.
What does the fdcpa stand for?
Fair Debt Collection Practices ActThe Fair Debt Collection Practices Act (FDCPA), 15 U.S.C. § 1692 et seq., is a United States statute added in 1978 as Title VIII of the Consumer Credit Protection Act. Its purposes are to eliminate abusive practices in the collection of consumer debts, to promote fair debt collection, and to provide consumers with an avenue for disputing and obtaining validation of debt information in order to ensure the information's accuracy.[1] The Act creates guidelines under which debt collectors may conduct business, defines rights of consumers involved with debt collectors, and prescribes penalties and remedies for violations of the Act. It is sometimes used in conjunction with the Fair Credit Reporting Act.
Who founded the fair debt credit collections act?
Congress enacted it in 1978. It was part of the Consumer Credit Protection Act. It was later amended in 2006 by Congress. It's actual name is the Fair Debt Collection Practices Act (FDCPA).
Where would it be possible to find information about how to eliminate debt?
There are many organizations and companies that have been set up to help one eliminate debt, to include Freedom Debt Relief, Consumer Credit, and the Debt Counseling Corp. Additionally, many websites like CNN Money, Frugal Living, WikiHow, and The Dough Roller have articles about how to eliminate debt through a variety of means.
How could one reduce credit card debt?
Credit card debt is reduced by mainly paying the bills. It can be restructured, for example, having interest rates reduced, but the only way to eliminate it is to pay it.
Can a credit card company or debt collection agency sue you for an unpaid debt if you no longer live in the state where the debt was incurred?
Yes. Moving does not eliminate your legal obligations. If you could, you would not be able to use a credit card outside the state you live in.
Minimize Your Debt?
Having debt can be an overwhelming and tremendously annoying experience. Feeling the burden of debt on a daily basis is thoroughly obnoxious and can make a person even have adverse medical effects. To truly eliminate debt, a person should seek to work with debt consolidation companies. These companies are a great option for any person that is trying to overcome debt that keeps building up and is seemingly unavoidable. Debt consolidation companies will work directly with individuals to help them eliminate the burden of their debts. They may help people come up with monthly budgets that are realistic. They also may work with credit card companies to lower monthly payments or even help to eliminate some of the credit that a consumer owes a credit card company. It is a great idea for people with heavy debt to hire debt consolidation companies in order to get rid of their debt. People will feel more secure in their financial futures by making this simple choice and will be able to get a better handle on their financial situations by hiring debt consolidation companies.
8 Which organizations provide Guidelines for Debt Collection?
Check out trade associations for the debt collection industry such as American Credit & Collections Association LLC www.credit-and-collections.com and the ACA www.collector.comalso check with the FTC and learn all you can about the Fair Debt Collection Practices Act and the Fair Credit Reporting Act. www.FTC.gov
Can you provide some examples of debt that individuals commonly incur?
Some common examples of debt that individuals commonly incur include student loans, credit card debt, mortgages, and car loans.
