Credit Facts, News and Information

As part of its continuing effort to protect consumers from financial fraud and keep them informed, the Federal Trade Commission will be joined by the U.S. Department of Justice to discuss a major enforcement action involving the debt collection industry. View full post on Federal Trade Commission (FTC) – Text of Press Releases

When an unpaid debt is charged off and sold to a collector, who do try to negotiate a settlement with: the original creditor or the collector? View full post on CreditCards.com News: Bad credit, credit repair

Creditors have a limited time in which to file suit over unpaid credit card debt. Here are the statutes of limitation for all 50 states and Washington, D.C. View full post on CreditCards.com News: Bad credit, credit repair

Is it legal for a collection agency to submit an account that they buy from a creditor as “new” even though that same account before it was purchased from the original creditor by the collection agency was two, three four years old? What can the consumer do to combat that practice in order to clear [...]

You can force collectors not to call, but trying to beat an unpaid debt can have severe consequences. View full post on Bankrate.com: Today’s new stories Headlines

I have a credit card account on my report that has gone to a collection company and was written off by the credit card company. If I make a deal with the collection company to start a payment plan and pay this off, will it affect my credit in a positive manner or is it [...]

For example, in California the Statute of Limitations on collecting debt is 4 years. So after 4 years, can the collection agency continue to post negative entries in your credit report?

I have a collection item on my credit report for $245, I have paid it already. How can I remove it from my credit report? Is it better to talk to the collection agency to remove it or directly to the credit bureau? Tnx!

Can a collection agency hit your credit report before notifying you in writing? This stupid collection agency negatively hit my credit report without even sending me anything! I had to call them and have THEM send the stuff out! Is this right? How can they just hit your credit report without giving you the opportunity [...]