Good Credit Rating Info – When Paying A Bill Can Actually Hurt Your Credit Rating

Choosing a debt collection agency is a very important task for your business. Keeping some points in mind while selecting an agency would always help.

It funny. One of these companies made a big deal about offering to “help” me fix my credit during the tough times. It was only when I read the bottom of the page on their offer which had the required information about them being a Debt Collection Agency Scotland. Now you know the real truth and why there are so many debt settlement companies. Many of them are debt collectors in sheep’s clothing. There’s a required statement that must be on their documents in order to act on your behalf. Look for it to see what kind of settlement company you are employing.

A favorite trick of debt scavengers is to hound you into agreeing to a payment plan and to immediately make a “good faith” payment of $10 or some other small amount. They will try to get your bank account number and routing information. This is a mistake! Do not make any payment no matter how small the amount or whatever they promise you. Do not negotiate. Do not make any deals. Do not agree to a payment plan. I think you get the idea.

You can settle your debts on your own and there are a couple of ways to do it, but you should make sure that you have the funds available to stick with the arrangement you make with a debt collector.

Sending you postcards. The FDCPA was enacted to prevent debt collection agencies from embarrassing and harassing you. Therefore, the law says that they can’t send you postcards in the mail, or send you envelopes that in some way communicate that you owe a debt. In other words, the law was designed to protect you from the prying eyes of your letter carrier or your neighbors.

The image painted of these debt collectors is often over-exaggerated & inaccurate; Big burly men in black jackets, making physical threats in order to gain entry to your home. Barging past as you open the door. This picture is far from the truth. As with all industries, there are regulations to be adhered to. For the minority who do not follow these guidelines, the government is currently turning it’s attention to expose these law-breakers & revoke their licences.

And this is exactly what Bill Bartmann has accomplished. Although, a chain of events outside of his control swiftly destroyed the company he had so passionately created, the template for the business had been created for eternity. Thousands of people have benefited from his transformation of the debt collection industry and not just people who were in debt. By sharing his vision he breathed life into an entirely better way to manage the debt collection business and he achieved his vision and achieved billionaire success.

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Good Credit Rating Info – When Paying A Bill Can Actually Hurt Your Credit Rating

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