HAVE YOU BEEN SUED BY A DEBT BUYER, NOT YOUR ORIGINAL CREDITOR? MAKE SURE THEY REALLY HAVE THE RIGHT TO COLLECT THE DEBT AGAINST YOU   In the context of debt collection and debt collection lawsuits, a “debt buyer,” sometimes also referred to as a “bottom feeder,”  can be a company, individual, or even a law firm who buys charged-off debt. Usually, these accounts are purchased by junk debt buyer for pennies on the dollar from the original lender who wrote off the debt as a loss and tax deduction. The debt buyer then turns around and attempts to collect

If you have recently been denied a Bank account, chances are you are being reported by ChexSystems.  The ChexSystems, Inc. network is comprised of member Financial Institutions that regularly contribute information on mishandled checking and savings accounts to a central location. ChexSystems shares this information among member institutions to help them assess the risk of opening new accounts. ChexSystems only shares information with the member institutions and does not decide on new account openings.

Once discharge is entered and you are on your way to starting your financial fresh start, you need to regularly check your credit report. In a recent report, the Federal Trade Commission (“FTC”) found that one in four people who participated in the survey spotted errors on their credit reports that might adversely affect their credit scores. A credit report includes information about where you live, how you pay your bills, and whether you’ve been sued or arrested or have filed for bankruptcy. Creditors, insurers, employers and others use that information when they consider your applications for credit, insurance, employment, or

  Identity theft happens when someone steals your personal information and uses it without your permission. It is a serious crime that can wreak havoc on your finances and credit history. If you have unfamiliar accounts or charges on your credit report, you may be a victim of identity theft. If your identity is stolen, you need to immediately: (1) place an initial fraud alert with all three credit reporting bureaus, Transunion, Equifax and Experian.  (2) Order your credit report and review for unfamiliar or unauthorized accounts (3) Create an identity theft report by submitting a complaint to the Federal