Getting Collection Calls For Payday Loan Not on My Credit Report Payday loan credit reporting can be very confusing. A common question is, if I’m getting collection calls for payday loan not on my credit report, do I really owe them? The answer is, maybe. The are two predominant reasons why this would happen. Payday Loan Collection Scam The names of the payday lenders and their tree of companies can be confusing. This is bad news. It is not uncommon for people to literally not know what or who they owe. The scammer knows this and leans hard on their
Ambition Starts with Desire No success will come without ambition. Here’s a question: If you were given one hundred thousand dollars you had to spend on yourself, what would you desire? Ground rules are you can’t pay bills, give it away or use it one someone else. Take you time, think about it. Do you have it? Great, we can now go to step two. Take your desire and get pictures of it, such as a new car, trip to Egypt, or the like. Step three:Put the picture where you can see it most of your working hours. Great, you
In November’s 2016 Consumer Finance Protection Bureau monthly report, debt settlement complaints topped their “other Financial Services” category by a whopping 2-1 over every other service in the category. The CFPB reports on all services financial. Leading the entire field are banks, collectors and credit reporting bureaus. In fact, the top 3 most complain about companies were the three reporting bureaus. Debt Settlement Complaints 50% of Entire Category Look down to the Other Financial Services category, and debt settlement services account for 50% of the complaints. The next closest were credit repair and check cashing(payday loans), which were 12% each.
In our last post, we talked about various ways to handle burdening payday loan debt. In this entry, we will focus on using debt settlement for payday loans type services. Using Companies that Offer Debt Settlement for Payday Loans Many firms offer debt settlement services today for consumers with payday loan debt issues. Whether they are a law firm or not means little. Whether an attorney is on site or not, the concept and approach are the same. The company will approach a lender for a client with an offer of usually around half of what is owed.
Currently have multiple short term or payday loans out? Odds are you are in the middle of the paying back payday loans nightmare. Unlike credit cards and other types of loans or credit lines, payday loans carry unimaginable interest rates and their payments can break the bank. Those who have become over-extended in payday loan debt often have no answers or ability to pay them back under their current terms. Why? Again in a word, interest. Paying Back Payday Loans Take an example of a borrower who takes out a $500 payday loan. The general terms of the loan may
Discipline and a Savings Account-Pay Yourself First Andrew Carnegie states one of the main ingredients for success is the ability to save money. The rule is pay yourself first. If at all possible within your budget, you should take ten percent from each paycheck and put it into a savings account. Do not concern with the interest rate. This money can be moved to a much better earning position when it has accumulated sufficiently. When I explain this to a few people, their normal reaction was the bank only pays about two percent; it’s not worth it. Yet they will
What Some Consider to be Hard Work, Others Consider a Hobby There is no such thing as hard work and easy work. There is only distasteful work and enjoyable work. To some, digging a ditch may seem degrading but to an archeologist it may be considered a life long dream. If you want to make your work easy, then enjoy it. If you can’t enjoy it, then stop doing what you are doing and do something you do enjoy. People get hung up on jobs. They say this is a good one or bad one. Everything is either good or
Overcoming addiction takes a lot of determination and strength. Without support from loved ones and little tricks to get through the rough patches, recovery can seem nearly impossible. The key is to keep positively active, doing things that benefit your wellness and keep your mind occupied. Here are a few things to incorporate into your everyday routine. Meditation for Stress Reduction Meditation has been shown to improve symptoms of mental health problems such as depression, stress, and anxiety which makes it an ideal activity for someone struggling with addiction. Meditation can be as long or as short as you need
s Consolidating That Crushing Payday Loan Debt Last week we touched on payday loan debt consolidation and how a debt management program, also know as consumer credit counseling plan, can quickly rid you of these barbaric interest loans. Credit Counseling agencies help consumers in many ways with debt. One of which is their help with debt management programs. For those who cannot qualify for a debt consolidation loan, instead CCCS organizations work with lenders and offer consumers modified terms on their existing loans. Each lenders’ new payment amounts are then consolidated into one low payment. The benefits realized vary with
Debt Consolidation Loans Looking at debt consolidation loans as a way to consolidate debt and lower payments, is where most people will start. There are different types of debt consolidation loans though, so you’ll want to see what you can qualify for and if it is the right way to get debt relief. Getting any consolidation loan will be a challenge out the gate for those with bad credit. Getting a signature loan would be almost impossible or even trying to secure an equity line of credit will still need decent credit. Debt Consolidation Loan Types These break down into