4 Steps for Fixing Credit Report Mistakes (Pt. 1)
Keeping in theme with our recent discussion on common credit report mistakes, here we will take a closer look at what consumers can do to get these mistakes fixed. Fixing credit report mistakes can be crucial to preventing your credit score from needlessly suffering. Here’s what to do in order to fix errors on your credit report. It’s important to point out that, when it comes to your credit report: You are legally entitled to receive one free copy of your credit report from each of the three credit reporting bureaus (Experian, TransUnion and Equifax) every year. It’s [...]
Beware of These 4 Common Credit Report Mistakes (Pt. 2)
Picking up from where we left off in Beware of These 4 Common Credit Report Mistakes (Pt. 1), below we will continue our discussion regarding errors that commonly arise on people’s credit reports. Being aware of these common credit report mistakes can help you stay alert to them as you regularly review your credit report. Credit Report Mistake 2: Social security number errors. Your social security number (SSN) is a critical part of your identifying information and your credit report in general. When there are errors with your SSN, you can end up noticing other glaring errors on [...]
Beware of These 4 Common Credit Report Mistakes (Pt. 1)
Your credit report is a very detailed depiction of your credit history that is used to determine your credit score. Consequently, your credit report may become very important when you are ready to make larger purchases (like, for example, when you are ready to buy a home or a car). While you want to be able to trust that the information on your credit report is accurate, unfortunately, it’s all too common that minor to serious mistakes pop up on people’s credit reports and that these errors end up negatively impacting their credit scores. About 25 percent of all [...]
5 Facts to Know about Colorado Bankruptcy Exemptions (Pt. 2)
Continuing from 5 Facts to Know about Colorado Bankruptcy Exemptions (Pt. 1), here are some more crucial things that people should know when it comes to taking advantage of bankruptcy exemptions in order to protect as much of their assets as possible. Fact 3: Jointly filing for bankruptcy can double some Colorado bankruptcy exemptions. While these facts about Colorado bankruptcy exemptions are informative, make sure you are benefiting fully from these exemptions by working with Jon B. Clarke. Jointly filing for bankruptcy means that spouses are filing for bankruptcy together. When this happens, they may be able to [...]
5 Facts to Know about Colorado Bankruptcy Exemptions (Pt. 1)
When filing for Chapter 7 bankruptcy, people can protect some of their assets from being liquidated to repay their creditors by taking advantage of Colorado bankruptcy exemptions. These exemptions can apply to various types of assets, with the specific value of the asset determining whether that property qualifies for exemption. Knowing these facts about Colorado bankruptcy exemptions can help you protect as much of your assets as possible when filing for Chapter 7 bankruptcy. Here and in a second part of this blog to come, we will showcase some important facts that people who are filing for bankruptcy [...]
Borrowers’ Rights under the Fair Debt Collections Practices Act (FDCPA) (Pt. 3)
Concluding Borrowers’ Rights under the Fair Debt Collections Practices Act (FDCPA), here is some final essential information that borrowers should know when it comes to their rights and dealing with creditors. When debt collectors violate the terms of the FDCPA, borrowers can sue them. If you are considering suing a debt collector, contact Jon B. Clarke for a consult. FDCPA: More Prohibited Conduct for Creditors In addition to not calling borrowers at weird hours, incessantly and at work, other things that third-party debt collectors are NOT allowed to do when it comes to communicating with borrowers about outstanding [...]
Borrowers’ Rights under the Fair Debt Collections Practices Act (FDCPA) (Pt. 2)
Picking up from Borrowers’ Rights under the Fair Debt Collections Practices Act (FDCPA) (Pt. 1), here we will continue our discussion regarding the important provisions of the FDCPA that all borrowers should be aware of. While the first part of this blog was focused on pointing out some of borrowers’ specific rights as laid out by this Act, here, we will spotlight some of the specific actions that creditors (i.e., third-party debt collectors) are NOT allowed to take when it comes to attempting to collect on outstanding debt. The FDCPA stipulates that debt collectors cannot persistently call borrowers. Here [...]
Borrowers’ Rights under the Fair Debt Collections Practices Act (FDCPA) (Pt. 1)
Established in 1977 as an amendment to the Consumer Credit Protection Act, the Fair Debt Collections Practices Act (FDCPA) is a statute that is intended to protect borrowers from potentially abusive practices creditors may use when trying to collect debt. While the FDCPA specifically outlines borrowers’ rights, as well as prohibited actions for creditors, it also stipulates what penalties can be handed down when creditors violate the terms of this Act. The FDCPA is a statute intended to protect borrowers from creditors’ abusive practices. Here is some crucial info about borrowers’ rights according to this Act. It’s important [...]
6 Tips That Can Help You Pay Off Credit Card Debt (Pt. 3)
Concluding our three-part blog 6 Tips That Can Help You Pay Off Credit Card Debt, here are some final tips that borrowers should keep in mind when they are ready to start seriously paying down their credit card debt. While these tips can help borrowers pay off credit card debt, when the debt is too substantial, borrowers can rely on Jon B. Clarke to get a financial fresh start. Tip 5: Dip into your savings. Your savings should be considered to be a financial safety net that you only use when an emergency arises. However, if you have [...]
6 Tips That Can Help You Pay Off Credit Card Debt (Pt. 2)
Continuing from 6 Tips That Can Help You Pay Off Credit Card Debt (Pt. 1), below are some additional helpful tips that borrowers should keep in mind when they are ready to focus on paying off their credit card debt. When borrowers want to pay off credit card debt, not using their cards can be essential. Check out these other tips for paying down credit card debt. Tip 3: Limit or suspend your use of your credit cards. Paying more than the minimum payment on your credit card debt will only be an effective way of working towards [...]
