The decision to file bankruptcy versus opting for credit card debt settlement may seem like it’s a tough call but after you examine the pros and cons, you won’t feel that way. In the final analysis it’s all about one thing: putting an end to the debt collection nightmare and getting on with your life! How you arrive at that point will affect the interest rates you will pay on future mortgages, car loans and credit cards.
LVNV funding, debt collection companies uk that buys junk debt for pennies on the dollar, then turns around, and scares the consumer into paying up on these old debts they own. Most of the time, these debts have surpassed the statue of limits in the state where the consumer lives.
It’s far worse too if there has been some mistake. The debt collectors say they rarely make mistakes but that is not my experience. They easily could have the wrong person or the wrong amount as they tack on all sorts of fees. They can also easily fail to serve a person the lawsuit so the jailed person may have no warning of what is coming.
And slowly, I built my own collections system. I started to tackle those tough cases that had so far defeated me. I still remember my sense of elation when I cracked my first big case. I made a photocopy of the cheque and stuck it to my desk.
Thus, both the bank’s assets and its liabilities are virtually all on paper. And, this being the case, the expression from the book Modern Money Mechanics, published by the Federal Reserve Bank of Chicago, that “deposits are merely book entries” is now easier to understand. Now, it’s also easier to understand what the electronic transfer of money is all about. All this amounts to is a transfer of numbers, or book entries, from one bank account to another. The same thing happens when you write a check. Numbers called dollars are transferred as a bookkeeping entry from your checking account to someone else’s. When a credit card is used, bank credit or book entries are created and transferred to another person simultaneously!
Pay attention to any inquiries that are being made for your credit score and credit report. Anytime someone pulls up your credit, the inquiry is noted on your report.
Hopefully you’re beginning to feel very confident about getting a free credit card debt payoff and making some big bonus bucks on the side. Anybody can do it because it’s all about funny money. Don’t know what funny money is? Use the search term “the gig is up – money the Federal Reserve and you” cause you always save the best for last!