Should You Pay Charged-Off Debt? What You Need to Know
Should You Pay Charged-Off Debt? What You Need to Know Charged-off debt is a term many consumers encounter, often with confusion and concern. When a creditor gives up on collecting and writes your account off as a loss, that debt doesn’t just disappear—it stays on your credit report and can haunt your finances for years. […]
How to handle harassment by a collection agency
Don’t pay them anything. Send a cease and desist letter in which you tell them to stop contacting you. Harassing people about debts (old debts, like yours, or current ones) is illegal under the Fair Debt Collection Practices Act.
How to Remove an Old Debt From Your Credit Report
A man has an old credit card debt that is over 12 years old. The problem is that the debt still appears in his credit report. What should he do? Click now to hear Lynnette’s answer.