There are a few warning signs that could signal a debt collection scam. Legitimate debt collectors should not claim that they’ll have you arrested. They should provide you with a mailing address of phone number. They should not ask you for personal financial information. If the caller refuses or is unable to provide you with  … Read More

If you are sued by a debt collector, you should respond to the lawsuit by the date specified in the court papers. When you respond to the lawsuit, the debt collector will have to prove to the court that the debt is valid and that you owe the debt. If you don’t respond, the court  … Read More

A debt collector generally is a person or a company that regularly collects debts owed to others, usually when those debts are past due. These include collection agencies or lawyers who collect debts as part of their business. There are also companies that buy past-due debts from creditors and try to collect them.

Equifax gave out millions of wrong credit scores. From mid-March of 2022 through early April, people applying for mortgages, auto loans and credit cards at major and smaller banks got scores that were off by as much as 20 points in either direction. Often it was enough points to affect interest rates for the loans they  … Read More

Don’t be pressured at the checkout line to sign up for a store-branded credit card without knowing exactly what you are getting into. Take your time-do not sign up for a card on the spot. Read the fine print and understand the rates, fees and deadlines with the cards. While retail credit cards typically don’t  … Read More