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 can’t prove that the disputed tradeline is accurate, it must be removed from your credit report.

Myth Two:  “I must pay off past due accounts to

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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

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