Scammers often use unidentifiable or frequently changing contact details to avoid detection. Research the contact information provided to check if it’s linked to a reputable agency. If you cannot confirm the authenticity of the supposed debt collector’s contact information, don’t respond further ...
Know how to check Debit Card balance in 5 different ways. Refer this quick guide & ditch the traditional offline way to check your ATM balance!
Lenderscheck your credit reportwhen you submit an application for financial products, such as credit cards and loans, as well as apartments. The information on your credit report helps lenders gauge your ability to repay debt. If there is inaccurate information on your credit report, this can je...
Check Your Credit Score and Report: Start by obtaining a copy of your credit report from one of the major credit bureaus. Review it carefully for any errors or discrepancies. It’s also a good idea to check your credit score, as this will give you an idea of where you stand. Address ...
There are general rules that collection agencies across Canada must abide by, but they do vary slightly province to province. If you would like to find out more about the specific rules for your province or territory, check out theOffice of Consumer Affairs (OCA). ...
“collection fees” or “interest” hoping that the consumer won’t know any better. If a debt collector has added interest or other fees to a debt it claims you owe, ask for an explanation as to basis for those charges. If you feel you don’t owe those amounts, consult a consumer...
You can negotiate a ‘pay-for-delete’ agreement with the collector, where they agree to remove the collection from your credit report upon payment. Always get this agreement in writing. What should I do if I’m sued by a debt collector?
Request for a Goodwill Adjustment: After settling the debt, you can write a goodwill letter to the creditor or collection agency, explaining the circumstances that led to the charge off and requesting that it be removed from your credit report as a gesture of goodwill. Although not guaranteed...
There can be tax implications ofsettling a debtfor less than the amount you originally owed, so it’s a good idea to check with a tax professional before filing your taxes. In addition, settled debt may appear on yourcredit reportand reflect in your credit score. ...
If you’ve been up to date with all your payments, the payment history on your credit report should reflect that. Payment history counts for 35% of your FICO credit score, so it’s a good idea to stay in check, even if you have to just make the minimum payment.3 ...