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16 May Does Your Debt Die With You?
One of the most frequently asked questions when a loved one dies is “does my loved one’s debt live on or die with them?” While mourning the loss of a loved can be difficult, the added stress of dealing with their debt can exacerbate these feelings of loss. Are you responsible for what your loved one left behind? Does your loved one’s debt live on or is it buried with them? The simple answer……it depends.
12 May Boosting Your Credit Score: An Impossible Task?
Posted at 01:17h
in credit history, credit repair, Credit score to get mortgage, how to improve credit history, improving credit score
It may seem like an impossible feat, but boosting your credit score does not have to be as difficult as you think. Maintaining a good credit score can be as simple as following directions and committing to being financially responsible.
09 May To Pay or Not to Pay – That is the Question
The first thing any consumer should do when hearing from a collector is to determine if the debt is time-barred. That is, did the statute of limitations expire on this debt. The statute of limitations, as we have blogged in the past, is the limit of time that the collector/creditor has to file a lawsuit in court seeking recovery. Each state’s statute is different, and some states provide that a payment on the debt can restart the statute. Thus, before you agree to pay the debt, your first task is to find out when the last payment was made on that account, and what your state’s statute of limitations is for that particular kind of debt.
04 May Are Credit Report And Credit ScoreThe Same?
If you don’t understand the difference between a credit report and a credit score, you are not alone. While both are a measure of your financial well-being, your credit report is a history report of how you have handled your debts, both past and present, and your score assigns a number to that history.