Credit Repair
Making arrangements with the creditors to repay them is often one of the steps in improving one's credit habits. Creditors may accept slow payment schedules, as an alternative to writing off the debt. In some cases, creditors may accept a less-than-full repayment (pennies on the dollar). The key here is contact with the creditor and taking action to retire the debt.
At the same time, reviving an old debt that is no longer collectible can actually do additional damage to one's credit reputation. It is best to be aware of the circumstances regarding the debt's collectability, statute of limitations, and legal and illegal collection practices, before contacting a creditor on a very old debt.
In December 2003, Congress passed the Fair and Accurate Credit Transactions Act (FACT Act), which included the right to a free annual credit report on request and a number of provisions designed to improve the accuracy of credit reports.
On June 4, the Federal Trade Commission finalized its rule for implementing the new consumer right to a free credit report, rolling it out over a nine-month period, beginning on the west coast in December 2004 and finishing on the east coast in September 2005.
How our debt experts can help you:
Save you thousands of dollars
Drastically reduce your interest rates
Eliminate late fees and penalties
Consolidate in one Low Monthly Payment
Rebuild your credit rating
Regain financial control
DebtExpert.org is the Nation's leading on-line service with a "state of the art" system capable of instantly submitting your request to multiple organizations nationwide. Unlike the long and complicated process other similar services use, DebtExpert.org provides an extremely easy, simple, and fast way to instantly reach those organizations capable of helping you. Let DebtExpert.org work for you!
