In 2009, collection agencies all around the country participated in an intensive survey that aimed to pinpoint the best places to work in the collections industry and why. With the results, the collections industry was capable of identifying some of the most important aspects of the job that makes a particular business an employer of choice.

This is the first article in a three part series on the very basics of debt collection. When you take out an account, and don’t pay your account bills on time, the account goes delinquent and your bills turn into debt. A debt collector is a person whose job it is to try and get in contact with you and retrieve that money, or in other words, collect the debt.

With more and more people falling into the trap of debts, finding a way out has become the key aim of many. When we speak of debt, it can also come in many forms such as credit cards, mortgages, vehicles and even personal loans. When you mix all of them together, you’d realize that you may be holding quite a bit of debt under your belt. And when you fail to service these loans properly, or are not in a position to pay your allowance cards on time, your subsidy scores are affected, and this directly impacts your allowance report. …

The proof is in the pudding, and here it is. The amount of lawsuits and complaints about abusive, illegal and strong arm collection tactics that some dishonest debt collection agencies use to collect has increased significantly in the last couple of years. Lawyer, Michael J. Koopmans, an attorney who represents consumers who have been wronged weighs in with his thoughts. According to Koopmans, he handles thirty to fifty cases at one time, all of them clients who claim that they have been bullied, harassed, and even threatened by collection companies.

Stocks and bonds. Doubtlessly, you’ve heard of them, and if you have been reading my articles, you know what they are. If you haven’t, here is a quick update: stocks represent a fraction of ownership in a company, and a bond represents money that a company “borrowed” and has to pay back on set dates. You may have heard that bonds are “safer” to invest in than stocks, but is this true? How are bonds traded, and what are the differences between a stock market and a bond market? Hopefully, this article can put these questions to rest.

Did economics hurt your brain in high school? Do you think that Dow Jones is a person? Well, then you will appreciate my primer course on stocks, a four part article series outlining the very basics of what stocks are all about. Shall we begin?

You did not pay with interest the money on doted line last time or for that matter many times before for any loan you took from any miniscule company. Defaulting on your payment is not a thing to be proud of as it immediately red flags you as a bad debtor. Ever considered what are the drawbacks of being labeled a bad debtor? At the strike of 2 on the watch, they are thrown in a deep giant ocean and then deep fried in deadliest oil. And that may be only partly true. But in most cases bad debtors will …

Alright, so you owe some money, but who is attempting to get you to pay up? There are two kinds of people who may call you looking to collect money that you owe to a creditor. The creditor themselves (the business that you owe the money to directly – think Visa), or a third party collection agency that Visa may hire to collect their debts for them. The Fair Debt Collection Practice Act (FDCPA) was created in the 1970s and provides a wealth of protections for debtors. These are strict regulations and rules that a debt collector must follow, and …

In the last article in this two part series I gave you a brief summary of what bankruptcy was, what the Chapters mean, and a list of things to avoid doing once you have made the decision to file for bankruptcy. Continuing on, if you are declaring bankruptcy, do not liquidate your retirement account. First, it is unnecessary to do this because retirement accounts are typically exempt property under the law, no matter what chapter you file. Plus, if you withdraw this money early, this means liability for penalties and taxes which may not be discharged in your bankruptcy.

It is the truth that many citizens are faced with the complex mission of repairing their credit. They maxed out on their credit cards and have to make an extra effort to restore late payments reports. Restoring their credit isn’t as complicated as most people might assume. It can be done in a reasonable amount of time.