A credible online payday loan ender
is constantly looking for ways to help bring personal finance awareness to
everyday money problems. Though a payday loan lender does not use a credit
score to determine a loan, they aware of the importance of this number.
Individuals are encouraged to know their credit score, understand what is
reported on it and understand solutions to fixing it.
Each year, an individual is allowed
a free credit report from each of the three reporting agencies: TransUnion,
Experian, and Equifax. Learn to understand what is written on your report so
you can spot errors which may have hurt your credit score. If you do find an
error, you will want to clear it up as soon as possible.
What are Zombie Debt Collections?
Zombie debt collections are collections affecting many people's credit from
companies which no longer exist. Hollywood Video went out of business in 2010,
but some of their customers are still dealing with harassing debt collections
for bill payments which they do not owe. If the Hollywood Video company is
dead, why does it still like it came back to life?
The company went bankrupt and out of
business claiming its only assets were unpaid fees. Attempts to collect on
those fees have turned into a horrific experience for the former customers. The
harassing collections practices being used against customers who don't owe
anything have been an attack from a dead company, zombie collections. Former
customers have made claims that collectors have bullied and threatened to ruin
their credit if balances were not paid off. The main collections agency, which these
complaints are against have denied all allegations emphasizing that fair debt
collections practices are used.
This isn't the first time
collections practices have been abusive for the past Hollywood Video charges.
In 2011, there was another company which was harassing former customers for the
alleged $39 late fee. The complaints became so big that the Hollywood Video
bankruptcy trustee reached a settlement with all 50 states' Attorney Generals.
In the settlement, there was an agreement reached to remove all credit
blemishes and clean up the collections practices. They promised to clean up the
collections practices and move on to another collections agency.
ไม่มีความคิดเห็น:
แสดงความคิดเห็น