The Truth of Credit

In most states you typically have 60 days from the billing statement date to dispute any charges. It still amazes me how many people wait until the account has reached collections to dispute charges or ask for validation. However, it’s still a very good way to stall if you need time. Below are the steps [...]

Bankruptcy is the officially declared term defining the failure or impairment of organizations or individuals to pay off their debts. The legal formalities allow creditors to file a bankruptcy petition against debtors in an effort to recover the debt. In several cases, debtors start bankruptcy process in what is called “voluntary bankruptcy” filed by the [...]

A few of the top health insurance providers have decided to team up with some major banks to make health care credit cards for consumers. These credit cards, which can only be used for medical expenses, are intended to help consumers cope with rising health care costs. Here are some of the cards that I [...]

One of the major complaints that debtors have about the collection process is the lack of privacy. I agree that the availability of your personal information to complete strangers is a less than preferred situation. Most of these accounts contain information including Social Security Numbers, Addresses, Mother’s maiden names, Spouses, and every address you have [...]

YouTube is a great site for the open minded. Recently, I ran into a few videos by a Certified Public Accountant (CPA) by the name of Stacy Johnson. Mr. Johnson’s videos are a great resource for educating people on credit issues. You can visit his page by clicking here. Here is a [...]