Explaining What A Debt Validation Letter Is, And How Its Process Works Therefore, a debt validation letter is a specific kind of letter used by a customer to reply to a specific debt collection by a creditor or collector. This form of letter forces
About Secured Credit Cards A secured credit card is a credit card that works based on a cash deposit that is used as a guarantee for the credit limit. The deposit amount acts as the credit limit on the card. The secured cards are meant for those
Deferment and Forbearance of Student Loans and Their Effects on Your Credit Should you find it difficult to pay back your student loans, you could be wondering whether to seek a deferral or forbearance. A deferral allows you, based on numerous
Managing Your Money The first thing to do if you are interested in getting a new car loan after a car has been repossessed is to ensure that your financials are in order. Banks and other financial institutions will expect you to solve the problems
How Many Days of Employment Is Allowed Before a Creditor Can Garnish Wages? Should you have outstanding debts and have not paid them, your creditors might pursue recovery of their money against you. Wage garnishment is one of those choices; it lets
Bankruptcy is, therefore, a legal procedure for persons and firms who are unable to meet their obligations to creditors. Bankruptcy laws also vary in different categories, and the most common ones are Chapter 7 bankruptcy, Chapter 13 bankruptcy, and
However, credit card shimming is the latest development in the skimming tricks, which has only emerged in the last couple of years. Credit card skimming is the act of utilizing a device to capture credit card details from clients as they pay for
The term ‘Rapid Rescore’ may not be new to most people, but those who have never heard of this term might be wondering what it entails. A rapid rescore is essentially a method whereby you can rebuild your credit report and change any
What income class are you in? Understanding the Middle Class? The concept of social class and one’s place within it is not simply defined by income, but it may include education level, type of work, amount of assets, and other aspects of life.