Bad Credit Habits You Should Break

deptdump admin — Thu, 22 Oct 2009 18:31:14 +0000

1. Keeping too many cards in your wallet (only carry the cards you really need & use)
2. Charging when you should be cashing (don’t use your card for daily expenses)
3. Not reading creditor mail (they may be alerting you of term or interest changes)
4. Using your credit account as an ATM (no cash advances, budget & make your $ stretch)
5. Not communicating with joint cardholders (discuss card activity with joint holder)
6. Not checking every charge on your bill (verify every charge, banks make mistakes)
7. Throwing away sales slips (keep your receipts for at least 60 days)
8. Paying your bill late (avoid late fees if at all possible)

What Debt Collectors Can Not Say or Do!

deptdump admin — Thu, 08 Oct 2009 23:05:26 +0000

According to the Federal Trade Commision (FTC) debt collectors are prohibited from saying the following:

You will be arrested if you don’t pay your debt.
They will seize, garnish, attach or sell your property or wages unless they are permitted by law to take the action and intend to do so.
That legal action will be taken against you if doing so would be illegal or if they do not intend to do so.

Debt Collectors can not do the following:

Try to collect any interest or fees on top of what you owe unless the contract that created the debt, or your state law allows the charge.
Deposit a post dated check early.
Take or threaten to take your property unless it can be done legally.
Contact you by postcard.

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Bad Credit Habits You Should Break

What Debt Collectors Can Not Say or Do!