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Reader’s Question:

Someone suggested to me that I might need credit management here in Ewa, Hawaii. Is this like a talent manager?

Ryza

Ewa, HI

Credit management, or debt management, Ryza, is a program that holds your hand through the journey of paying your debts and regaining control of your personal finances. If you sign up for a debt management program in Ewa, Hawaii, a qualified professional will look at your financial status. Be prepared to hear the rude truth, Ryza, and be ready to hear all the list of expenses you have made. If someone has suggested that you take up a debt management program, then most probably you have spent much more than you can afford.

Your debt management program in Ewa, Hawaii will help you come up with a plan which includes a regular budget solely dedicated to paying off your standing debts. Apart from this, they will also look over you regularly to make sure that you are on track with your payments, and will see you through the whole process until you have freed yourself from your standing debts. Meanwhile, they will also offer counseling programs to somehow banish that spending demon within you. Oftentimes, we give in to whims and impulses, not really thinking about the consequences our actions will bring about in the future.

Credit counseling and debt management programs hope to eradicate this habit and empowers you to be less passionate when spending. You did not tell me if you are in a bad credit situation now, Ryza, but if you will ever be in the future (though I hope not), it is good that you are already aware of this service available in Ewa, Hawaii.

Tags: credit counseling, credit management, credit repair

Reader’s Question:

I fell in love with this great house in Honolulu Hawaii HI and applied for a home loan. Is there any way for them to know that I have had bad credit in the past? Luckily for me, I have fixed it but I am still worried.

Angela

Honolulu, HI

Not to further make you nervous, but you have all reasons to be worried, Angela. It is standard operating procedures for home lenders to check your credit report. After all, what could be a better way of telling how you will behave with this home loan other than looking at your history of borrowing money? Inevitably, they will check your credit reports in Honolulu Hawaii HI so they will most probably discover that you’ve had bad credit in the past. Many lenders will be not daring when it comes to this, and will always take the road of conservatism. They may turn down your home loan application merely because you’ve had bad credit in the past.

But since your lender in Honolulu Hawaii saw your credit report and your bad credit, he will also see that you have actually paid up your credits and actually have a current good credit standing but it will not erase the fact that you have had bad credits. This will be duly noted and may earn you some points in their evaluation process. Their underwriters as well as their risk assessment managers will now evaluate you.

What will most probably happen is that you may be approved your home loan, but will be charged with higher interests.

Tags: bad credit repair, credit management, credit repair, bad credit history

Reader’s Question:

I disputed a debt which is not mine over the phone. Is that enough to invalidate such debt in Baton Rouge, Louisiana LA?

Matty

Baton Rouge LA

Disputing over the phone in Baton Rouge, Louisiana LA is not really good move, it will just waste your time and often times it will make you disappointed.

For your dispute to be valid, send a written debt validation request to the collecting party in Baton Rouge, Louisiana LA specifying your intentions, such as requesting the name of the original creditor, disputing part of your debt or your entire debt and etc….

The debt collector is now obliged to respond to your request and will provide you with substantial information that you’ve requested. It is always best and safe to mail letters through a certified mail with return receipt request, with this you are not only securing you letter but also you will have proof of the letter’s mailing and receipt of such by the debt collector in Baton Rouge, Louisiana LA.

Tags: credit disputes, debt collectors, debt disputes, debt settlement

Reader’s Question:

A debt collector in Fayette, Kentucky KY called up informing me a debt which I am not sure if it’s mine. What can I do to dispute such claim?

Betty

Fayette, KY

Certainly, you can always dispute such claims in Fayette, Kentucky KY. There is a law that regulates debt collectors which is stated in the Fair Debt Collectors Practices Act (FDCPA). It is your right to dispute debt claims especially if you have doubts with the debts being charged on you.

Remember too that it is also your right to ask or request for a written debt validation notice from the debt collector. The debt collector in Fayette, Kentucky KY must answer your written request for it is their obligation to provide you with a debt validation notice five days from their first communication to you.

The notice must be in writing, stipulating that you have the right to dispute the validity of the dept with in a period of 30 days. Be advised, however, that if you will not dispute in writing within 30 days from the day you’ve received your dept validation notice, the debt collector will assume that the debt is valid and therefore the collector may continue to attempt to collect the debt during the 30 day period until such time the debt collector will received your validation request.

If you have further doubts, check with the governing rules and regulations from the state of Kentucky on this.

Tags: debt collectors, debt settlement, credit disputes, debt disputes

Reader’s Question:

My husband is being pestered by calls from debt collectors in Chicago, Illinois IL almost everyday. Although I know he is financially responsible to pay his dues, I find it annoying that debt collectors do not observe proper time to call. Is there any law that regulates the hours allowed for debt collectors to call in Illinois?

Jenny

Chicago, IL

There are established guidelines in Chicago, Illinois IL regarding your case. There is a regulation on the allowable time for debt collectors to call you. The Fair Debt Collection Practices Act (FDCPA), states that “they can only call you between 8am and 9pm on you local time. They can call you at work only if they do not know that your employer disapproves of entertaining calls from debt collectors”.

After receiving a cease and desist letter, debt collectors can call you once more. However, these collectors cannot call you during your “inconvenient time”. There is a little grey area as to what is defined as ‘inconvenient time’. Well, legislators made this law favorable to the debtors which means that you can define what is an ‘inconvenient time’ and should expressly say this when a debt calls you at such time in Chicago, Illinois IL. You can answer there calls by saying “This is not a convenient time for me” and then specify your convenient time to them. Debt Collectors in Chicago, Illinois IL should therefore only call you when it is convenient for you.

Tags: debt settlement, debt collectors, collection regulations