It never ceases to surprise me how confused most people are about how the credit system works This article is a quick summary of the top four myths of credit.
Myth One: “Information in my credit file can’t be changed.”
Truth: The Fair Credit Reporting Act requires that any data that is disputed by a consumer must be verified as 100% accurate. This means that if a creditor
…
It is no secret that businesses lose millions of dollars each year because of delinquent accounts. They are continuously looking for ways to increase the quotient of bad debt recovery. When a customer fails to make their payments or falls behind, then a good debt collection agency knows that the more time that passes, the harder it will be to collect on these debts; therefore, early debt recovery is a must in order to keep losses down.
Trying to collect on past due accounts can be
…