Category Archives: Collection Accounts information and advice from HRMP

Bankruptcy filing and credit repair takes time away from work and family

Leading up to your bankruptcy filing, you may have to spend a significant amount of time on the phone negotiating payments and explaining late payments to creditors. You also will probably spend a lot of time going through mail, responding … Continue reading

Posted in Bankruptcy, Building Credit, Co-signing, Collection Accounts, Understanding Your FICO Score | Tagged , , , , , , , , , , | Leave a comment

Repairing Your Own Credit

Of course, by paying off old debts and establishing and maintaining new lines of credit you can begin the process of credit repair yourself.  Request a copy of your credit report and check it for errors, and then focus on … Continue reading

Posted in Collection Accounts, Credit Inquiries, Credit Management, Credit Repair, Credit Repair Mistakes, Credit Repair Professional | Tagged , , , , , , , | Leave a comment

Why Collectors Exist

When a debt collector contacts a consumer, it usually indicates that the creditor has not received a payment on the debtor’s outstanding bill for multiple months. Because these payments are typically well past their due dates, the creditor has entered … Continue reading

Posted in Bad Credit or No Credit, Bankruptcy, Budget, Co-signing, Collection Accounts, Credit Cards | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

Credit Repair for Really Damaged Credit

There are many events that can create the need for credit repair, from the loss of a job to a medical emergency that taps savings and strains an otherwise sound budget. There are also cases of identity theft that, through … Continue reading

Posted in Bad Credit or No Credit, Building Credit, Co-signing, Collection Accounts, Credit Repair, Credit Repair Mistakes, Credit Repair Professional, Credit Repair Services, Credit Repair Software, Credit Score, Debt Negotiation, Debt Validation, The Credit Market | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

Things That Do Not Damage Your Credit Score

Your interest rates on loans and credit cards will not have an impact on your credit score. In fact, the reverse is true: if you have a poor credit score, you’ll likely receive higher interest rates. If your credit score … Continue reading

Posted in Collection Accounts, Credit Cards, Credit Inquiries, Credit Management, Credit Repair, Credit Repair Mistakes, Credit Repair Professional, Credit Repair Services, Uncategorized | Tagged , , , , , , , , | Leave a comment