Debt Deal May Depend on Obama Staying Silent Fox News
Obama Talked His Way Into Trouble on Debt Ceiling
“We got rid of the tax increase, no naked debt limit increase and now we've got a bill that does what we said it should do. Is it perfect, like John said? No, it's not. But it's a good step on spending cuts.”
-- Rep Paul Ryan “On the Record w/Great Van Susteren” rising in defense of Speaker John Boehner ’s alternate debt-ceiling legislation
Whether Congress can reach a deal on increasing the federal government’s $14.3 trillion borrowing limit may depend on whether President Obama can stay silent on the issue for the rest of the week.
House Republicans are getting ready today for a high-drama vote on an alternate plan to cut spending and increase the federal credit limit, and the best thing the bill may have going for it is Obama’s opposition.
Most House Republicans are disappointed with the fact that the bill doesn’t take on the main drivers of federal indebtedness, entitlement and welfare programs. The most crystalline conservatives in the caucus oppose it because it actually increases the debt ceiling. They would rather have an immediate 44 percent cut to federal spending than increase borrowing by a dime.
How to start a home based business in Louisiana
How to Start a Business in Louisiana Learn the process, legal and regulatory requirements for starting a business in Louisiana. Also get tips on ...
What are the steps needed to do a pay for deletion debt settlement with a collection agency?
The accounts are all medical and over 2 yrs. old. Also if I send a pay for deletion letter can the collection agency start the statue of limitations over because of the letter?
Send them a letter that states that you will pay them and in return they will close the account, remove it from your CR, and not pass it on or pursue you on it in the future.
Make sure theres a place for them and you to sign.
Send it out and wait for it to come back.
:edit: However if these items are outside of SOL then you wouldn't want to Pay for Delete.
And no it will not restart the statute of limitations (SOL).
:edit: The guy below me has no idea what he's talking about. Do not pay someone to fix this problem for your. It really isn't that hard to do yourself. And YES there is such a thing as SOL on consumer debt in EVERY STATE. He may mean that indeed the debt will never die, however the ability for the Collection agency (CA) to legally collect on said debt is impossible. Yes they can trick you into it but you have all the legal rights to tell them to 'get bent'. And they can not report it on your Credit Report and if they do you can use validation techniques to get it off there.
:edit2: Indeed the fact that it can't stay on your report any more than 7 years does not mean that you can't Pay for Delete (PFD), in fact I'm sure the credit industry would not like you to know that in fact you CAN get it removed from your credit report. Someone put it on your credit report and yes someone can take it back off. This tactic is much harder as they may not agree unless they know there is no other way they will get their dough.
However another little trick would be to get in writing that they will NOT validate if you ask for validation from the Credit Reporting Agency's (ie Transunion, Equifax...). If they do not validate then it can't be on your Credit report as it's not legit.
Then again it's always hard to get them to hold up to their word - but that's what lawsuites are for.
Go here: www.lexingtonlaw.com and understand your rights. Sign-up with them and they will fix all of your credit issues.
Don't listen to collection company rhetoric.
Write me a personal message if you ever have questions like this again. kenneth_knapp @ yahoo .com
KK
If you have an account in collections and you pay the balance or settle for less than the full balance, the credit bureaus are required to show that debt as "paid" or "settled" on your report. It is not up to the collection agency to report that. Most of the time they do, but if they don't, it's up to us as consumers to get a receipt from the collection agency and then follow up with the credit bureau. Do not pay a "removal" fee. Just pay the debt and use a .39 cent stamp to get things updated.
I hope that helps.
Debt Collection Services
As odd as it sounds, now is the perfect time to start a home-based debt collection agency. It’s no secret that many people are falling behind on their outstanding debts. From mortgages to loans to credit cards, there is an increased need for debt collection services. While starting a home-based debt collection agency may not be have been the top business on your list to start, it is definitely a much-needed service. Here’s how to go about starting your own home-based debt collection agency.
Analyze your personality type. Not everyone has the personality to start a debt collection agency. Among other personality traits, a home-based debt collector must be persistent, patient, empathetic, organized and have a knack for invitation. Realize that many of the people who default on their outstanding loans do so as a result of situations beyond their control. Being empathetic can help you in collecting some of the outstanding debt. On the other hand, investigative qualities come in handy tracking down those folks who try to buck the system and get away with a scam.
Obtain the necessary office equipment. As with most home businesses, a computer is a staple. In addition to a computer, a home-based debt collection agency should have a dedicated telephone line (it’s much more professional than having 5 year old Joey answer the phone), a fax machine, and copy machine. The fax and copy machines may not be necessary at start up but may prove to be helpful as the agency grows.
Debt collectors are responsible for contacting you to collecting unpaid consumer debt. Debt collectors may work for in-house agencies that are actually part of the company to which you owe money or may work for independent agencies that have purchased your debt. Collectors often aggressively pursue debtors, sometimes to the point of harassment, which is illegal. If you receive a call from a debt collector, there are some things you should know regarding your rights and responsibilities.
...agency collection debt starting steps - News
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'Become your own bank' to get out of debt - ENC Today 'Become your own bank' to get out of debt Being honest about debt is the first step in changing habits, lifestyles and establishing financial discipline, Hemminger said. Start with a budget. |
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The Military Family Network Dealing with Debt Collectors: The Fair Debt Collection Practices Act is the federal law that dictates how and when a debt collector may contact you. |
When bank accounts are seized, take these 3 steps - CreditCards.com
CreditCards.comWhen bank accounts are seized, take these 3 steps By Karin Price Mueller I just found out a collection agency got a $9000 lien on my checking account, which had only $500 in it. Now my checking account is
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Prime examples Keeping a credit score high takes work and planning - Wooster Daily Record Prime examples Keeping a credit score high takes work and planning Cutting up some of your credit cards could be one of the very first important steps in rebuilding your credit report and score. |
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First of three parts - Baltimore Sun First of three parts Maryland hospitals have stepped up debt collection, sometimes from the poor, and Gov. O'Malley demands review By Fred Schulte and James Drew |
