DEBT COLLECTORS’ NEW CREDIT REPORTING POLICY SHORTENS TIME FOR NEGATIVE CREDIT INFORMATION

Debt Collectors' New Credit Reporting Policy Shortens Time for Negative Credit Information on Consumers' Credit Reports Encore Capital Group, Inc. announced a change in its credit reporting policies for consumers.  Encore's subsidiaries include: Midland Credit Management; Midland Funding, Asset Acceptance; Atlantic Credit & Finance. According to the Encore press release, "A significant challenge with current … Continue reading DEBT COLLECTORS’ NEW CREDIT REPORTING POLICY SHORTENS TIME FOR NEGATIVE CREDIT INFORMATION

How Do I Reinstate My Mortgage?

How Do I Reinstate My Mortgage? When a homeowner gets behind on mortgage payments, then the homeowner may be at risk for foreclosure.  A mortgage may go into "default" once the homeowner misses 2 or 3 payments.  Missed payments and late fees can add up quickly and make it more difficult for the homeowner to … Continue reading How Do I Reinstate My Mortgage?

TIPS FOR DEALING WITH DEBT COLLECTORS

According to a new report released by the Association of Credit and Collection Professionals (ACA), debt collection agencies recovered $55 billion in debt owed to creditors during 2010. Debt collectors do not always follow the rules under the Fair Debt Collection Practices Act when trying to collect from consumers. Here are some tips on how … Continue reading TIPS FOR DEALING WITH DEBT COLLECTORS