6 Sure Fire Ways To Get Upside Down in Debt! - (Con't.)

4. Ignore your credit report and credit score.

Ignoring your credit report is the same thing as saying that you totally trust the folks issuing your credit -  what the heck, let them run the show  -  they certainly have your best interests in mind!  WRONG!

Here's the truth of the matter.   The FTC believes that over 25% of all credit reports contain errors... that's 1 in 4.  Gather 4 friends together.. one of you has an error on their credit report.

Not only do things go wrong, but sometimes there are way past due bills you have legitimately forgotten about, maybe someone gets ahold of your credit card... Not knowing your credit value puts you at a huge disadvantage.

A very rational strategy is to get your free credit report - you are entitled by law to a free report every year.

Take a look at it, and dispute any mistakes.  Then one by one, find the items on that report that hurt you the most and go to work on them.  What you will find is that as your credit score improves, you will be able to negotiate for cheaper credit.   Move your score in the right direction, and next thing you know, you get offered a cheaper credit card.  Pay off the expensive card, and use the cheap card, and instantly you have saved money!   Hold off on major purchases like a house or a car until your score is stronger, and save more money over a long period of time.

Of course, if you don't know what your credit looks like, you are flying blind - and are easy prey to predatory lenders... Get your free credit report - its easy.  Manage your credit and start having more money available to you at the end of ever month.

Debt Scams out of Indian Call Centers

Marcadis Singer, PA are professional debt collection attorneys in Florida.   You all know that, we have said it over and over again in our posts, but we'd like to focus for just a moment on the key word in that statement... PROFESSIONAL.

As Attorneys, we are held to very high professional standards in the collection of debt.  We treat our creditors and our debtors with respect, and the utmost of professionalism

For lack of a better word, it flat out infuriates us when we read about Debt Collection Scams run out of offshore call centers.   We applaud the Federal Trade Commission for taking action this week against just such a scam.  We aren't going to mention names, but provide a link for those interested in the alleged perpetrators.

http://www.globalgujaratnews.in/article/us-stops-debt-collection-scams-through-indian-call-centres/

What we find most disturbing is that this is not the first, or even the second time this particular organization has come under fire.

Marcadis Singer PA are proud of their active community participation, of giving back to the community that supports us, of standing with our national associations that encourage, even demand professionalism of their members.

Here are a few quotes from the article, quotes that would make any "professional" debt collection attorney's blood boil!

"The FTC said it had imposed a judgment of more than $25.3 million against the companies, which also used a phony interest rate reduction scheme between January 2010 and August 2011.

The operation's callers used threats, lies, and abusive tactics to collect debts from consumers who had previously applied for or received loans from online payday loan companies and had supplied sensitive personal financial information that later found its way into the hands of those involved with the scam."

When you need to final resources of an attorney in Florida, whose practice focusses on Debt Collection, we would encourage you to visit our website, evaluate the professionalism our firm, review not just the credentials, but the philanthropy of each our debt collection attorneys.  We will represent you with the utmost of professionalism.