The Truth of Credit

Today for some reason I noticed that almost maybe 80% of the accounts I called on had a PO BOX (Post Office Box). After some thought it occurred to me how I hate to even walk the 90 feet it takes me to get to my mailbox. Why would these people obviously pay the money [...]

The credit card industry is robust but it’s getting bigger. Recently, though the competition is getting fierce. Evidence of this would be that most companies are willing to take customers back even after they have had a charge off account or two. This should come as no surprise seeing that they give credit cards to [...]

Today I came about a blog from someone who successfully got herself out of debt using a loan from Prosper.com. Not that I think just anyone could do this but it’s certainly worth a look and maybe with a good story and collateral who knows. What was so “eye opening” about the post was the [...]

In this morning’s Wall Street Journal there was a cover story about the “credit crunch” now taking place here and its effect on all businesses. I for one see this correction in the market to be good for our economy as a whole as it brings the strong companies forward and leaves the risk seeking [...]

Recently, I came across this small blog written by an attorney in Alabama. I’ll say it again like I said before sure there is some real scum in the collection industry. Everyday, I hear some loud mouth collector from across the room screaming at the top of his/her lungs for no reason and literally throwing [...]