Financial Advisor

In this article we are going to take a look at exposing the credit report secrets of the super rich. If you are anything like me, you are fascinated by the financial machinations of those who have A LOT more than the average person, and even more importantly, how they manage to maintain it all. So read on as I expose some of the things I have learned that have helped ME leapfrog many common obstacles on the totem pole of tremendous success, and hopefully you get the very same boost! Ready? Great, let’s do it! Continue reading »

written by Alex Bhaswara \\ tags: bad credit repair, Bad Debt, Debt, Loans

When you hear about collection agencies, do you think about commercials like the one in which someone is avoiding the phone because they’re dealing with a mountain of debt? That is actually a more realistic commercial than most because people do sometimes avoid collection agencies. And collection agencies make a lot of calls to people who are behind in their payments.

This is the point: collection agencies are companies or sometimes lawyers, who hire out their services to collect a debt to a creditor who may be a service provider, apartment manager or credit card company etc.

The creditor will send your bill and eventually warnings about turning the bill over to a collection agency. If you don’t respond with payment they give the job to a collection agency. This is how they cut their losses. The elapsed time until they sell the bill to the collection agency is between 3 to 12 months.

The collection agency may not contact you by phone or mail, but just watch and wait for you as you are going about your daily business.

Continue reading »

written by Alex Bhaswara \\ tags: Bad Debt, Collection Agencies, Collection Agency, Collections, Debt, Debt Collection