Tag Archives: medical debt collection
Using Debit May Be Deadlier Than It Looks
Everybody knows that times are tough, and almost everyone who has owned a credit card has run into some type of financial trouble utilizing it. It appears as if the temptation of being capable of buying now and paying later may be too much at times, especially in today’s economic hardship, where more people are unable to simply buy now. There is no doubt that credit cards are capable of hurting your personal finances, but overusing your debit card might be what is putting you over the limit.
Respecting Privacy: When Does A Debt Collector Cross The Line?
Personal finance is an issue that is, well, personal. Due to the delicate nature of this subject, debt collection is closely monitored by Federal and State laws that do their best to protect the privacy of a consumer. The Fair Debt Collection Practice Act (FDCPA) is a federal law that all third party collection agents must follow and it comes with restrictions regulating how a debt collector might approach the issue of contacting debtors and how to preserve their privacy. First off, a debt collector can only speak about your debt to you, the credit bureaus, and the creditor that they are working for. They certainly cannot make up a list of their debtors to distribute to other creditors, or advertise a debt for sale.
Bonds 101 Part Two
In my first story on bonds for beginners, I wrote that a bond is a contract that involves paying money with interest back at set times. I let you know that the issuer of the bond would be considered the borrower, the bond holder would be considered the lender, and the maturity date is when the money is due. I told you that bonds can be issued by credit institutions, companies, and public authorities. Now a little more on the details of bonds.
Which Financial Issue Do You Tackle First? Mortgage Or Credit?
What happens if your income decreases? You have less money, but the amount of debt you owe remains the same. What’s the best way to prioritize payments? If you have credit cards chances are you might also have personal loans and a mortgage.