The Truth of Credit

Understandably most people don’t like to talk about the current crisis but we all have to deal with the reality of the U.S. and World Economy as of today. This afternoon I happened to catch Jim Cramer’s Mad Money and he gave a real brief statement as to his outlook on the situation which really rung true [...]

This has been a question that has created a lot of controversy. Recent court cases, i.e Foti v. NCO Financial Systems, Inc. and Hosseinzadeh v. M.R.S. Associates, Inc., are under scrutiny as to what can and can’t be left on a debtor’s voicemail. The industry as a whole has acted and standardized a voicemail message that is [...]

In my 10 years of debt collections I have heard every possible reason for not paying a bill.  From divorce to “the checks in the mail,” all of these have some validity and reasoning behind them. More times than not I can empathize with the person’s thinking. I have been there myself, trust me. However, I never [...]

A very little publicized bill may be the help you are looking for if you are now facing foreclosure. Although the Housing and Recovery Act of 2008 did not receive nearly as much press as the recent “Bailout” has, it may provide some help for people struggling to keep their homes. Signed in July it [...]

A 341 meeting is a bankruptcy term for a ”meeting of creditors”. I know it sounds like something very official but it really is boring. These meetings are basically for the purpose of fact finding and relatively uneventful. The only scary part is that you will be under oath. For all you worriers out there I have [...]