Debt Collection Myths – Payments Restart The Credit Reporting Clock

Debt Collection Myths – Payments Restart The Credit Reporting Clock

Debt Collection Myths – Payments Restart The Credit Reporting Clock Let’s say the statute of limitations on the debt in question is 7 years.  You created the debt by borrowing, 2 years ago. Some people fear that making a payment arrangement now, resets the clock, and...
Debt Collection Myths – Cease-and-Desist Letter Makes Debt Go Away

Debt Collection Myths – Cease-and-Desist Letter Makes Debt Go Away

Debt Collection Myths – Cease-and-Desist Letter Makes Debt Go Away A cease-and-desist letter stops the debt collection attorney (or debt collection agency) from calling you.  Nothing else.  You still owe the debt after the collection professional stops calling. ...
Top 12 Debt Collection Q&A – Ninth in a Series

Top 12 Debt Collection Q&A – Ninth in a Series

How do you deal with the common excuses that debtors may use to get away from debt during debt collection? Customers usually have excuses like the following: I have already sent the check in the mail. At that point, ask them to send a copy of the check and ask for the...
Top 12 Debt Collection Q&A – Eighth in a Series

Top 12 Debt Collection Q&A – Eighth in a Series

Under the Fair Debt Collection Practice Act, who are the third parties that the bill collector can deal with while attempting to collect a debt from a debtor? According to the Fair Debt Collection Practice Act, third parties include the following The client or...
Credit Card Debt in Steep Decline

Credit Card Debt in Steep Decline

On one side, it seems counter-intuitive – an economy that is falling  – people out of work – all due to a global pandemic. One might assume that means people are going to be maxing out their credit cards in order to cover day to day living needs. On...
Collecting Felony Fines – Gil Singer In The News

Collecting Felony Fines – Gil Singer In The News

Our own Gil Singer quoted in this article from Credit & Collection News. The original article can be found here, and is copied below. “Once you have a felony arrest on your record, it’s almost impossible to rent an apartment, buy a car, get any credit,” said Gil...
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