QUESTIONS AND ANSWERS Q. I just completed a short sale of my house, can the bank make me pay the balance of $75,000 that was owed on the property? A. Usually the bank will forgive the debt. You’ll get a bill from the IRS if they do that. They can also choose to go after […]
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I’ve been writing about debt for the last 8 years. Its been my pleasure helping individuals and families from all over the world. When I put my website together I thought only a few people would ask for my advice but its been fun and exciting helping all of your with your financial questions and […]
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QUESTIONS AND ANSWERS Q. My mom co-signed for my student loan and I can’t afford to make the payments will they go after my mom for the money? A. Yes they will go after you mom. If you have any respect for your mom you need to get 2 or 3 jobs to make sure […]
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QUESTIONS AND ANSWERS Q. Steve I missed a credit card payment and the credit card increased my interest rate by 10% BUT that’s not it, my other credit cards also increased my interest rates, is this legal? A. Yes it is legal. Credit card companies are like snakes in tall grass. They wait for you […]
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When there is a death it’s generally up to the estate’s executors to notify any creditors along with the credit bureaus – Equifax, TransUnion and Experian. Michigan State University Extension suggests notifying the credit bureaus as it can help prevent possible identity fraud and is a general courtesy to the creditors. In order for creditors […]
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Bohemia, NY (PRWEB) May 28, 2013 On May 28, Rapid Recovery Solution issues a comment regarding abusive debt collection practices. A May 20 article in Yahoo! News, “Identifying Illegal Debt Collection Practices,” highlights the crass tactics used by some debt collectors, including “harassment, and even arrest if payment is not made in a timely manner.” […]
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Consider the following: 1-in-10 insurance claims are processed incorrectly; debt collectors are using account information that may be incomplete, inaccurate and out-of-date; once reported to a credit bureau, medical debt — whether real or erroneous — can do severe damage to your credit score. Perhaps it couldn’t hurt to give consumers a chance to challenge […]
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Credit repair is the process of getting you back on the good side of your creditors. Without it, you will not be able to borrow any money which is why it is important to know how to do it. The first step is to know how the bad the situation is and the only way […]
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Q. Why is my wife withholding sex because of our financial situation? A. Your wife is holding back because she doesn’t feel like you are trying your best to support the family. Q. Every time I go on a job interview I seem to get turned down or no call back, someone told me they […]
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