Comments for Credit and Collections Blog http://www.credit-and-collections.com How to make money collecting money & get paid in a bad economy! Fri, 11 May 2012 09:46:23 +0000 hourly 1 http://wordpress.org/?v=3.2.1 Comment on When can I put something on someone’s credit report? by Michelle Dunn http://www.credit-and-collections.com/?p=1541#comment-685 Michelle Dunn Fri, 11 May 2012 09:46:23 +0000 http://www.credit-and-collections.com/blog/?p=1541#comment-685 You wouldn't write a letter or remove their trade line of credit history. You can only report that the debt was paid. Once you report something to the credit bureaus, you can only update the status of that transaction or line item. You cannot delete it unless there is an extreme circumstance and even then it takes quite a bit of correspondence to prove you made a mistake in the credit reporting and you have to explain in great detail why, what happened and even then normally with an extensive and lengthy investigation by the bureau, that does not mean they will remove it. You should also look at the contract you have with the credit bureau, it will have something about this in your paperwork. You wouldn’t write a letter or remove their trade line of credit history. You can only report that the debt was paid. Once you report something to the credit bureaus, you can only update the status of that transaction or line item. You cannot delete it unless there is an extreme circumstance and even then it takes quite a bit of correspondence to prove you made a mistake in the credit reporting and you have to explain in great detail why, what happened and even then normally with an extensive and lengthy investigation by the bureau, that does not mean they will remove it. You should also look at the contract you have with the credit bureau, it will have something about this in your paperwork.

]]> Comment on When can I put something on someone’s credit report? by Tom http://www.credit-and-collections.com/?p=1541#comment-684 Tom Fri, 11 May 2012 06:46:57 +0000 http://www.credit-and-collections.com/blog/?p=1541#comment-684 Hi, I am a dentist and reported a bad debt to the credit bureaus and since the debtor has paid their debt and I would like to know what kind of letter I should send to the credit bureaus to delete their trade line completely, can you give me an example? Hi,
I am a dentist and reported a bad debt to the credit bureaus and since the debtor has paid their debt and I would like to know what kind of letter I should send to the credit bureaus to delete their trade line completely, can you give me an example?

]]> Comment on About Michelle by Carolyn http://www.credit-and-collections.com/?page_id=5#comment-683 Carolyn Thu, 10 May 2012 16:33:23 +0000 http://74.55.162.26/~mdunn/wordpress/?page_id=5#comment-683 Hi, I see that you have had guest contribute to your site in the past, and I would love to write an article for your site. I work for Ordoro, an inventory management software company, and I studied business at the University of Texas' McComb's School of Business. Email me back if you are interested! Carolyn Hi,

I see that you have had guest contribute to your site in the past, and I would love to write an article for your site.

I work for Ordoro, an inventory management software company, and I studied business at the University of Texas’ McComb’s School of Business.

Email me back if you are interested!

Carolyn

]]> Comment on Welcome to Michelle Dunn’s Credit & Collections website! by Michelle Dunn http://www.credit-and-collections.com/?page_id=1834#comment-682 Michelle Dunn Wed, 09 May 2012 19:22:28 +0000 http://www.credit-and-collections.com/blog/?page_id=1834#comment-682 Lisa, Any company that reports to the credit bureaus has the capability to report good and bad debt. If you are a business owner and report to the credit bureaus, you report good debt the same way you report bad debt. Lisa,
Any company that reports to the credit bureaus has the capability to report good and bad debt. If you are a business owner and report to the credit bureaus, you report good debt the same way you report bad debt.

]]> Comment on Welcome to Michelle Dunn’s Credit & Collections website! by lisa http://www.credit-and-collections.com/?page_id=1834#comment-681 lisa Wed, 09 May 2012 19:03:58 +0000 http://www.credit-and-collections.com/blog/?page_id=1834#comment-681 i bought a car from a small company and they dont report but he told me he would report me to credit for having paid it off on time and in a tinely manner if I gave him the info. I have looked all over, how does a business report someone for paying on time?? All I keep finding is stuff for people who are late. I need him to report me as this will help my credit due to bankruptcy. Please advise or direct me. Google and other search engines are not giving me what I require. i bought a car from a small company and they dont report but he told me he would report me to credit for having paid it off on time and in a tinely manner if I gave him the info. I have looked all over, how does a business report someone for paying on time?? All I keep finding is stuff for people who are late. I need him to report me as this will help my credit due to bankruptcy. Please advise or direct me. Google and other search engines are not giving me what I require.

]]> Comment on How to Stop feeling Stressed about Bill Collectors by Corrina http://www.credit-and-collections.com/?p=329#comment-676 Corrina Sun, 06 May 2012 09:17:20 +0000 http://www.credit-and-collections.com/blog/?p=329#comment-676 Another way to learn ways to overcome stress is learning relaxation techniques. I learnt how to deal with my finanicial stress with music therapy. A great course that helps to deal with stress in a positive way is Soothing Stress Relief Sounds Course! Another way to learn ways to overcome stress is learning relaxation techniques. I learnt how to deal with my finanicial stress with music therapy. A great course that helps to deal with stress in a positive way is Soothing Stress Relief Sounds Course!

]]> Comment on Time to Update your Credit Policy! by Michelle Dunn http://www.credit-and-collections.com/?page_id=904#comment-666 Michelle Dunn Fri, 27 Apr 2012 10:25:17 +0000 http://www.credit-and-collections.com/blog/?page_id=904#comment-666 Tara, check the states websites or call their Atty. Gen. office, or if you have a copy of Starting a Collection Agency, they are all listed in there by state, which ones need a license and/or to be bonded, who to contact by phone, email, fax or website forms. http://www.amazon.com/Starting-Collection-Agency-collecting-Edition/dp/0970664567/ I hope this helps! If you run into more questions I also offer consulting on starting a collection agency. Good luck! Tara, check the states websites or call their Atty. Gen. office, or if you have a copy of Starting a Collection Agency, they are all listed in there by state, which ones need a license and/or to be bonded, who to contact by phone, email, fax or website forms. http://www.amazon.com/Starting-Collection-Agency-collecting-Edition/dp/0970664567/
I hope this helps! If you run into more questions I also offer consulting on starting a collection agency. Good luck!

]]> Comment on Time to Update your Credit Policy! by Tara Thornton http://www.credit-and-collections.com/?page_id=904#comment-664 Tara Thornton Wed, 25 Apr 2012 23:30:17 +0000 http://www.credit-and-collections.com/blog/?page_id=904#comment-664 Hi, I am in the infancy stages of starting a collection agency. I have so many questions but I will take this one step at a time. I live and will operate my business in Phila.,Pa. I know that some states require additional licenses to collect accounts in their state. 1) Were can I go to get the most updated information on the states that dont require any additional licenses. 2) How do I handle licensing and permits at the local level or is collection agency regulated at the state level alone. I understand completely that all collection agencies must abide by the FDCPA. I am currently reading two of your books "How to start a collection agency" and "Squeaky Wheel". I plan to utilize as many of the resouces that you mentioned throughout the books as well. So thankful for this website. Sunshine Hi, I am in the infancy stages of starting a collection agency. I have so many questions but I will take this one step at a time. I live and will operate my business in Phila.,Pa. I know that some states require additional licenses to collect accounts in their state. 1) Were can I go to get the most updated information on the states that dont require any additional licenses. 2) How do I handle licensing and permits at the local level or is collection agency regulated at the state level alone. I understand completely that all collection agencies must abide by the FDCPA. I am currently reading two of your books “How to start a collection agency” and “Squeaky Wheel”. I plan to utilize as many of the resouces that you mentioned throughout the books as well. So thankful for this website.
Sunshine

]]> Comment on 8 Things a Bill Collector won’t tell you by Nathaniel Copeland http://www.credit-and-collections.com/?p=2448#comment-662 Nathaniel Copeland Tue, 24 Apr 2012 10:20:13 +0000 http://www.credit-and-collections.com/?p=2448#comment-662 I don’t think debt collectors are specifically targeting low income groups or senior citizens. I’m not disputing the statistics but is it not logically true that the low income or no income groups would have more defaulting debtors in their ranks than the middle or upper income groups? According to your theory, the economics of how these collectors are behaving doesn’t make much sense. Why spend dollars seeking judgment against a retirees living on social security benefits when there is little or no chance or getting anything significant out of them. I’m just saying that the statistics is less of an indication of collection practices and more of an indication of the declining economy where people are scrounging for quarters and cents, even if they have to dive into the pockets of the poor or the old. As far as the violation of the FDCPA and FCRA is concerned, I’m sure there are innumerable instances given the kind of tactics collection agencies resort to. You don’t exactly need a consumer’s rights advocate to fight collectors. All you need is some basic knowledge of your rights as a consumer. In most cases you wouldn’t even need to go as far as an attorney to combat collectors. Once a collector gets a whiff of the fact that you are a well informed consumer who cannot be bullied by empty threats, they will buck up and start playing by the rules. In case a debtor is served, he or she just needs to appear in court to avoid a default judgment. Moreover, if a debtor is served incorrectly or at the wrong address, he or she can file a motion to vacate the judgment. I don’t think debt collectors are specifically targeting low income groups or senior citizens. I’m not disputing the statistics but is it not logically true that the low income or no income groups would have more defaulting debtors in their ranks than the middle or upper income groups? According to your theory, the economics of how these collectors are behaving doesn’t make much sense. Why spend dollars seeking judgment against a retirees living on social security benefits when there is little or no chance or getting anything significant out of them. I’m just saying that the statistics is less of an indication of collection practices and more of an indication of the declining economy where people are scrounging for quarters and cents, even if they have to dive into the pockets of the poor or the old.

As far as the violation of the FDCPA and FCRA is concerned, I’m sure there are innumerable instances given the kind of tactics collection agencies resort to. You don’t exactly need a consumer’s rights advocate to fight collectors. All you need is some basic knowledge of your rights as a consumer. In most cases you wouldn’t even need to go as far as an attorney to combat collectors. Once a collector gets a whiff of the fact that you are a well informed consumer who cannot be bullied by empty threats, they will buck up and start playing by the rules.

In case a debtor is served, he or she just needs to appear in court to avoid a default judgment. Moreover, if a debtor is served incorrectly or at the wrong address, he or she can file a motion to vacate the judgment.

]]> Comment on How to Start an Accounts Receivable Outsourcing Firm by Isaac Behar http://www.credit-and-collections.com/?p=813#comment-642 Isaac Behar Fri, 13 Apr 2012 18:14:48 +0000 http://www.credit-and-collections.com/blog/?p=813#comment-642 Wher can I purchase The Accounts Receivable Outsourcing Special Report? How do I go about getting that first customer? Best Regards, Isaac Behar Wher can I purchase The Accounts Receivable Outsourcing Special Report? How do I go about getting that first customer?
Best Regards,
Isaac Behar

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