Paying Off Debt Held By Collection Agency
If you want to pay off a debt held by a collection agency, there are certain things you should know. Depending on how the collection agency will report the payment, your credit report, credit history and credit score may be affected differently. It's important that you know how the collection agency…
Once a debt is sold to a collection agency, it no longer belongs to the original debt holder. A debt collector buys the debt and negotiates with the borrower to pay it back. If you’re able to pay off a debt that’s been sold, you’ll need to work with the debt collector rather than the original debt…
Credit Report Collection Agency Claim - Pay Or Fight?
What are your options If you get a credit report and find that an old insurance agency sent your account to a collections agency for an old policy? Ilyce suggests checking to see if it's false debt by calling the collection agency and demanding to see a copy of the old bill and whether the credit…
Credit Report Mistakes Can Be Corrected
Mistakes in your credit report can be corrected. If there has been a mistake reported as fact by the credit reporting bureaus, you must file a complaint and ask for an investigation of your account. If mistaken claims on your credit report aren't cleared by credit reporting bureaus in the proper…
As a mom trying to teach an 18-year-old to manage his money, I think you were right on the mark with your advice to Jason.
While I do think he should register a complaint about the collection person who violated the law, there is no excuse - none - for his failing to take action on the overdue bill…
ThinkGlink Radio Show for Dec 27, 2007
Ilyce Glink filled in today on the Clark Howard Show. As we move closer to the end of the year, it's important to make sure you've done everything you can to minimize what you'll pay in taxes. Make sure you've taken all of the deductions to which you're entitled, and opened up (and funded, if you…
Auto Tax Bill Thirteen Years Late
A collection agency sent a letter regarding a thirteen year old bill that they never received. Unfortunately, it looks like the bill and the interest needs to be paid because the bill was for a city tax. It is always your responsibility to pay taxes, even if you never receive the bill. Make sure you…
Bounced Check Sold To Collection Agency
A woman has a $29 bounced check that turned into $200 of fines to a collection agency. The collection agency then took the money -- and then some -- from her checking account. Since the implementation of Check 21, the new check processing law, all checks are digitized and settled through electronic…
How Do Late Medical Bills Affect Credit Scores?
How will being late on my medical bills affect my credit score? If your medical bills go to a collection agency, it affects the "payment history" component in calculating your credit score. Other factors play into determining your credit history, but payment history is the largest one.
Credit Report Contains Liens, Bankruptcies And More
What can you find in your credit report? A credit report lists both good and bad credit items such as credit cards, liens and bankruptcies. Learn what bad credit items are and how to fix them on your credit report. If you don't understand something on your credit report an accountant may be able to…
Bad Credit: Pay Off Debt And Get Credit Counseling To Improve Credit Score
If you've got bad credit or are struggling to pay your bills, get credit counseling, get help paying off your debt to improve your credit score. Your credit score is your key to qualifying to buy a home, so you have to get rid of bad credit by paying off your debt to improve your credit score. If…
