Credit card debt law, including the new Credit Card Accountability Responsibility and Disclosure Act of 2009, gives you, the consumer, significant rights. The new Credit Card Law came into effect in February of 2010 and requires companies to actually mail bills at least 21 days prior to the due date of the bill.
Posted under credit cards, debt collectors, manage your finances
This post was written by fixbadcredit on April 3, 2010
Judgement-Proof Execution-Proof Letter to Creditors or Debt Collectors
This letter is your way of telling creditors or debt collectors that you do not have any income, assets, or money at all. This situation can happen if you owe money but because of some unforseen reason, you end up losing your income and you cannot afford to pay your debt. You may have attempted and tried to explain this to the creditors or debt collectors, but they totally ignore you and persist on calling you often.
Posted under credit repair, sample credit repair letters
This post was written by fixbadcredit on November 3, 2008
You Just Got Laid Off and You Have Bills to Pay
You have been laid off and you have several obligations, bills to pay, and a family to take care of. Times are very hard nowadays, and jobs are few and far between. You need to stay optimistic even if things seem dismal. So, because you have experienced an unexpected loss of income brought about by your layoff, then here are a few things you can do to stay afloat while you work on getting another job and paycheck:
Posted under layoff, manage your finances, savings, unemployed
This post was written by fixbadcredit on October 29, 2008
Personal bankruptcy generally is considered the debt management option of last resort because the results are long-lasting and far reaching. People who follow the bankruptcy rules receive a discharge — a court order that says they don’t have to repay certain debts. However, bankruptcy information (both the date of your filing and the later date of discharge) stay on your credit report for 10 years, and can make it difficult to obtain credit, buy a home, get life insurance, or sometimes get a job. Still, bankruptcy is a legal procedure that offers a fresh start for people who have gotten into financial difficulty and can’t satisfy their debts.
Posted under bankruptcy
This post was written by fixbadcredit on October 13, 2008
