Getting Collection Calls For Payday Loan Not on My Credit Report

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. …

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 …