1. Consumer-protection statutes and regulations do not protect against: a. deceptive advertising. b. the negligence of the consumer. c. unsolicited credit cards to creditworthy consumers. d. unreasonable methods of debt collection by debt-collection agencies. 2. Who may bring an action for relief under consumer-protection legislation? a. an administrator provided for by the UCCC b. a [...]
Continue reading...Wednesday, December 8, 2010
I have paid off some old debts recently. I settled them, and wish I would have demanded that they be removed from my credit report, but i didn’t. so now my question is, does the statute of limitations start again when i settle old debt? Or does it continue until the end of the 7 [...]
Continue reading...Wednesday, March 10, 2010
In order to acquire and maintain access to credit, one must have a working understanding of how credit works – namely, how credit scores are established and tracked by the three major credit bureaus. Inquiry Myths As discussed in “The Larry Rule,” people who repetitively apply for credit are viewed with suspicion by the credit [...]
Continue reading...Thursday, January 7, 2010
The only one who can fix your credit is you, and this process can only happen over time as you take steps to improve your credit on your own. First, contact your creditors when you realize you are unable to make your payments. If you need help preparing a budget and working out a payment [...]
Continue reading...Saturday, December 19, 2009
Paying Off Old Debt When Repairing Your Credit Can Hurt Your Credit Score Paying the debt is also no guarantee that the nightmare will stop. The collector may decide that if youre willing to pay at all, you could be made to pay more. Settling a debt for a smaller amount than the collectors says [...]
Continue reading...Wednesday, August 26, 2009
When negative information in your report is accurate, only the passage of time can assure its removal. A consumer reporting company can report most accurate negative information for seven years and bankruptcy information for 10 years. Information about an unpaid judgment against you can be reported for seven years or until the statute of limitations [...]
Continue reading...Sunday, July 26, 2009
Can a person be held accountable for a credit card debt that hasn’t been touched for over 12 years?
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Wednesday, December 22, 2010
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