The Truth of Credit

For those of you who need to delay the collection process in order to get some money together, this post is for you. For the most part, it is just a stall, so while it’s highly effective it can also back fire of you. Under the Fair Debt Collection Protections Act (FDCPA), you are allowed to request [...]

It’s a widely held belief that one should never feel bad for what is said to a debt collector. That may be true in most cases but some phrases will only turn the heat up on you.  You should be aware of these phrases to avoid further possible ”harassment”.
1. Never say you’re going to pay on a given [...]

I know it’s chic to blame everyone in Washington for our current crisis but I want to call out one in person in particular; Alan Greenspan who in 2004 was quoted as saying:
“Not only have individual financial institutions become less vulnerable to shocks from underlying risk factors, but also the financial system as a whole [...]

Recently, the word capitulation has been getting a lot of play in the press. If a few of you have no idea what the word means don’t feel bad; until last week, I had no idea myself.
By definition capitulation means to surrender or give up.  However, in financial circles this term is used to show [...]

I know what you’re thinking, “Not another Top 10 list!”, but I hope this one will be a little eye opening. My experience in the credit industry has given me a heightened capability to recognize the people who are in DEEP debt. Some of these signs are obvious and some more subtle. The fact is [...]