Kevin Craig

When it comes to collections, bill collectors believe in equal opportunity harassment. If you stop answering your phones, they don’t care… they’ll just call your family and friends. When that doesn’t work, they’ll call your job. They’ll do whatever it takes to get you to call them back. Typically, information is gathered from loan applications […]

CASE FILE: X-XXXXLOAN INFORMATION                DUE AMOUNT- $952.53LOAN COMPANY- XXXX This is to inform you that you are going to be legally prosecuted in the Court House within a couple of days. Your SSN is put on hold by the US Federal Government, so before the case is filed we would like to notify you about

Picture this: A group of collection agents sitting in a boardroom dressed in business casual attire staring up at the collections manager standing next to a huge whiteboard. With dry erase marker in hand, he goes over a list of “Collections Most Wanted.” It’s like “draft day” for bill collectors. Every collection agency has a list

The “Pay for Delete” (PFD) is not the only way to negotiate debt, but it should be. The PFD is a letter that is drawn up by the debtor to initiate settlement negotiation on a past due debt. The key phrase here is “drawn up by the debtor.” The reason why this phrase is so

We’ve all been there. Good intentions + bad circumstances = bad credit! The next thing you know, you find yourself in need of credit but no one is willing to grant you any. It is quite a conundrum. How do you combat this? With secured credit cards, that’s how. Yes, no matter how bad your

Far too often we focus on the little things in life and ignore the much bigger picture. By this, I mean that we put way too much emphasis on small things like bill collectors ringing your phone and harassing your family when you’re not home. The reality is that if you’re not about to get

In today’s society, we have a “keeping up with the Joneses” mentality. Everything you have, your neighbor wants and everything your neighbor has, you find yourself wanting a piece of it too… and it’s the same when it comes to credit. I have tons of friends who have better credit than I do and that’s

It may come as a surprise that defaulted payday loans almost never report to credit bureaus. I’m not sure as to their reasons for not reporting, I just know that as a general rule, they do not. Obviously, I would not make this claim unless I’ve had some personal experience to rely upon. Over the

Sprint has several levels of collections, including internal and external. GC Services Limited Partnership (GCSLP) is an example of one of Sprint’s external collection agencies, but debtor beware! GCSLP’s collection letter reads like this: By this time, you must realize that you are delinquent. You may be eligible to participate in a special program to

Statute of Limitations (SOL): A type of federal or state law that restricts the time within which legal proceedings may be brought. In English, this means the period of time in which a creditor may legally sue you. This covers all kinds of debts including credit cards, oral and written contracts, as well as promissory