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Posted in: Financial Education
How Debt Parking Can Ruin Your Credit
COVID-19 is causing changes to the tax code and stimulus programs are sending relief to Americans. Find out how these changes might impact our social security payments.
How COVID 19 Could Affect Your Social Security Payments
The practice of parking debt is used to get consumers to respond to collectors attempting to collect on owned or placed debt. Find out how it can ruin your credit score.
The Lifecycle of Debt: Will This Debt Ever Go Away
The obligation to pay a debt exists in perpetuity, while the ability to sue to collect a debt is limited by a statute of limitations in each state.
The Lifecycle of Debt: Who Do You Pay When a Debt Collector Calls
Debt collectors can collect on owned debt or work as a third party service provider to debt owners. Know who you should pay when a collector calls and tries to get you to pay.
The Lifecycle of Debt: What You Need to Know About Charged-Off Debt
When a credit card account goes unpaid for 180 days, the card issuer must write-off or charge-off the full balance of the account as uncollectable.