There are a number of laws on the books to protect people who have bad credit ratings or in a 2nd chance situation. These laws are important, and you should know about them in order to protect yourself from unfair practices performed by collection agencies. The federal Fair Credit Reporting Act (FCRA) was enacted to protect debtors from creditors and collection agencies.
As a debtor, you have a right to ask creditors and collection agencies to stop hounding you. You must contact these agencies right away and request that they end communication with you. You should write a letter carefully to avoid giving the collection agency anything it can use against you later on. If you have been threatened with a lawsuit, you can write an informal letter to ask the agency to stop harassing you.
You would be wise to attempt to negotiate with a creditor if you have a current debt especially with an apartment. Some creditors may reduce your balance or drop the debt completely in some cases. If you have a debt that is more than seven years old, do not have any communication with the collection agency about that bill. The account should have been removed from your credit report after seven years, and if it has not, the lender is in violation of the law.
Creditors tend to disregard lawsuits because they may feel they will not win them. If your debt is old, collectors want to avoid the high attorney fees associated with collecting it. If you owe a debt, you have the legal right to protect yourself. One of the best ways to resolve credit problems is to repair your credit.
Under the law, collection agencies cannot send mail to your address with any labels or symbols on it. They cannot call your family members about your debt. The agencies must stop communicating with you if you have received a subpoena to appear in court. Additionally, collection agencies cannot call a debtor before eight in the morning or nine in the evening. If you have retained an attorney, and the collection agency knows about this and calls you anyway, you should file a complaint with legal authorities about this.
You must document all relevant information when you are in debt. This will protect you in the future. Collection agencies cannot call you at your job, and they cannot send people to your home disguised as law enforcement or government officials in order to collect a debt. Agencies can't send letters, make calls, or undertake any type of communication that implies impersonation of something they are not.
If an agency calls you, it must follow the law and identify itself within one minute of the conversation.
There are many laws on the books to protect you against unfair actions by a collection agency. There are also laws to protect the agencies from debtors, so it is important to know your rights. As a debtor, you should also try to repay what you owe and begin to repair your credit.
If you are trying to make ends meet and are having past due bills pile up, the last resort you would want is to take out a payday loan to pay your dues. There are many sources available today that offer payday advances. To get a quick payday advance loan, you can connect online with many payday advance loan companies. Most payday loan companies do not check credit so even if you have bad credit or no credit, you can still apply for a payday loan. The loans are issued after you show proof of banking account, Social Security, Driver License and Pay stub proofs. This information is used against you, often the lenders will deduct money from your accounts including interest, and principals that apply to each loan you take out.
If you are applying for a payday loan online…Beware…Some of the sources are not even institutes that specialize in payday loans. When you are trying to repair your credit, the last thing you need to do is spend money that is not necessary. When you borrow money from payday loaners, your personal information may not be private. Since many of the lenders are outside of the United States and are out of government regulations, your information just might fall into anyone’s hands. This puts your credit at great risk. You would be wise to perform some extensive research to ensure the payday loan institute is valid and trust worthy.
Payday loans offer you a loan against your paycheck, but the downside is you will be paying higher fees to get the loan. You could be wasting money and taking a chance on your identity. Some payday loan companies offer a "free" loan to their new customers i.e. no fees as long as the loan amount is paid in full on its due date. If you are searching for help to repair your credit, it might be wise to search the market for legitimate resources that will help you restore your credit at little or no cost to you. There are Debt Counselors and Debt Management Companies available that assist people with credit repair but the best source is you. You might be wise to check out government options that are available to people with bad credit.
Many services are available to help you repair your life. The best solution is keeping up to date on your bills if possible or minimizing your monthly installments by opting for credit cards that have no fees attached and low interest rates. If you have a credit card, or else applying for a credit card avoid charging items to your cards unless it is absolutely necessary. You might want to apply for a different credit card if you card has high interest rates and discontinue your old card once you receive your new card. In some cases, depending on your credit card history, you could call your credit card company and ask them to reduce your interest rate. If you have had a good history with the company, they will most likely oblige.
If you suspect that someone has access to your card be sure to contact your provider immediately to report the card lost or stolen. Always keep this information in close vicinity to ensure a quick response. Be sure to only provide your personal information to those you trust i.e. Social Security Number and Bank Account Number. Never give information pertaining to you freely especially over the phone. If you are considering a loan to payoff your debts, check the market first before applying. The more applications you complete, the more it applies against your credit report. You might want to cut back on your utilities, i.e. reduce your heat or air conditioning, to save funds that can be applied to your bills.
While many people believe that getting their bad credit repaired can only be done through a professional agency, this is simply not true. By going to a credit agency, you might find that it takes a great deal more time and money than if you just worked on it yourself. Before you get in touch with a professional credit repair service, refer to the steps listed below, and you might find that repairing your own credit is not that difficult at all.
When you repair your own credit, you must understand that it is a lengthy process that requires patience. The first thing you need to do is contact credit reporting agencies in writing, and request a copy of your credit report so you can see any debts you owe to apartments. Federal Law states that everyone gets a free credit report annually. You can locate the three main credit-reporting agencies that you will need to get in touch with by performing an Internet search using the terms “Credit Reporting Agencies”. You might also consult your local phone directory.
Contact the agency in writing, and include the following information in your request:
1. Request a free copy of your credit report.
2. A copy of your state identification (such as your driver’s license)
3. Copy of proof of your current address (such as a utilities bill showing your home address)
4. Provide your previous addresses for the past 5 years.
5. A copy of your social security card.
6. Make sure you close the request with your signature.
Your credit report should take approximately 4-6 weeks to be generated and sent to you. If you receive a letter denying you credit, make a copy and enclose it with your written request for a copy of your credit report. If you have already received your free annual credit report permitted the free yearly report, you can use a denial letter of credit within 60 days of its receipt.
When you receive your reports from the agencies you contacted, look over each report for accuracy and discrepancies. Create a log in order to track the differences. If you find invalid accounts or errors in your reports, do not hesitate to file disputes. If you need to file a dispute, most agencies provide the forms to do so via their website. Each credit report should provide contact and account information for each creditor. Keep a log of all your debt information and creditors. Most debts older than 7 years old probably won’t appear on the report, and if so, leave them alone. Most creditors after 7 years will write off the debt, though some might continue to pursue you. Whatever the case, don’t open the Pandora’s box if the account isn’t listed on your credit report.
The next step is to contact each creditor or apartment to make payment arrangements. Most of them will be willing to work with you, while some might not be so agreeable. If a creditor is being difficult, feel free to ask for his or her supervisor or speak with someone else. Expect some creditors to be rude and unwilling to work with you. Try no to feel discouraged, be persistent, and ask to speak with someone else. Offer a settlement amount. Keep a written log of the conversation, including the person’s contact information each time you speak with a creditor.
It can take as many as 6 months to feel like you are making headway on your credit repair, but rest assured that your credit will get better within a year or two.
It is very important that while you are paying off your debts that you pay by check or money order and retain all receipts. Make sure that you request a receipt for the payment from the agency.
Continue to obtain copies of your credit reports annually from each agency. Do not create new debts while paying off your current ones. If you receive credit offers, throw them away. Remain focused on your goal to get out of debt and document your payments, contact with the creditors, their names, extension, time and date you spoke with them and list any pertinent detail regarding your conversations.
1. Don’t Procrastinate Don’t procrastinate. This seems simple enough, but getting started can be difficult. A few weeks prior to your move, start packing several boxes a day. Begin with items that are least essential to your daily life. If you pace yourself, you will be more organized and the job won’t be so overwhelming. Make packing easier by not waiting to get started.
2. Pack room-by-roomFocus on one area of a room at a time and don’t mix items from different rooms in one box. To prevent miniature knickknacks and small items from being lost or mistakenly thrown out with the packing paper, wrap them in brightly-colored tissue paper.
3. Packing LabelsLabel clearly. On the top and side of each box, write a general description of the contents and the room name. Use different colored markers for each room, which will provide additional clarity for you and your movers.
4. Use Packing PaperStay clean. Regular newspaper may bleed ink onto your possessions. Use white packing paper to wrap all items.
5. Stick with Moving BoxesUse boxes designed for moving. Boxes obtained from grocery or liquor stores are not always clean and might not hold the weight of the items that you will be putting in them. In addition, varying box sizes can make loading more difficult.
6. Know what you can’t packKnow what you can’t pack. Some common household items can’t be shipped because they are hazardous. Don’t wind up on the wrong side of the law. Read our list of what you can’t put on the moving truck.
7. Moving valuablesDon’t box up everything. You should personally transport heirlooms, important papers, legal documents (wills, passports. etc.), and valuables. Make packing easier by decided what doesn’t need to be packed.
Floor plans with premium finishes and wide-open spaces, each floor plan from Marsh Creek Apartments brings you unparalleled luxury without sacrificing on comfort. Convenient to I-35, your new apartment home at Marsh Creek is only a short drive from the best of dining, shopping and entertainment.
You will appreciate the large designer interiors of Trinity Trace. Fully landscaped, Trinity Trace offers Efficiencies, 1 and 2 bedroom apartment homes and has two large swimming pools, a fitness facility, a resident business center, dog park, and limited access gates. Close to The Parks Mall and the Arlington Highlands shopping, there is easy access to Dallas and Fort Worth via Highway 360, I-20 and I-30. Best of all, Trinity Trace has many of the features you want in a home of your own. Trinity Trace also offers a unique Second Chance Leasing Program if you are in need of fresh start.
The field of bankruptcy law has exploded in recent years, even though the process of filing for bankruptcy really only involves filling out a few forms. Misconceptions, frightening news articles, and misleading advertisements put out by many of the firms now specializing solely in bankruptcy law have convinced the average consumer that they absolutely must hire an expensive attorney in order to get rid of the money they owe.
Even if the client has an above-average number of questions or a combination of income, debt, and assets that are more complicated than most, an experienced lawyer should be able to handle a bankruptcy claim from start to finish in a matter of hours. Some honest legal professionals only bill their clients for this small amount of work, but the majority charges a minimum of $2,000 for a basic filing. In fact, in some areas, rates can skyrocket as high as $10,000 for a single case!
These inflated prices have actually driven many of the honest attorneys out of bankruptcy altogether, because once a client has been convinced that bankruptcy should cost them thousands of dollars, they are naturally wary of hiring anyone who charges much less.
Filling out bankruptcy paperwork is so simple in many cases that attorneys have their secretaries fill it out. Yet the field has created so much money for certain greedy lawyers that instead of letting their clients know this, they instead pocket the cash and stand back and watch while bankruptcy filings needlessly get out of control.
No matter what circumstances brought you into your current financial situation, declaring bankruptcy should never be a first choice when trying to deal with high levels of debt. Especially after taking into account high attorney fees and new credit-card-friendly laws, it would be much better for you in both the short-and long-term if your financial difficulties are handled out of court.
One of the worst aspects of falling into bad credit is finding funds that you can use to get a Dallas Texas apartment, car or home loan. Many who are in extremely bad credit situations find it difficult to access an actual lease beyond month-to-month and as a result end up paying much higher rental rates. One of the first aspects to credit repair is having a lease, paying off bills and establishing new good credit. In order to accomplish quality housing with second chance leasing a number of Dallas Texas apartments are now offering special credit repair packages and bad credit leases.
So what are second chance leases and how do they help with credit repair cases?
A second chance leasing opportunity is offered up to individuals who have a negative rental history or history of bad credit. Rather than having to approach a landlord and get a traditional lease which you could be rejected for, a second chance leasing opportunity has prospective landlords working with tenants that may be of a high risk.
In order to qualify for a second chance lease from Dallas Texas apartments you need to potentially owe back rent, have been evicted from your previous apartment, broke a lease that your previous apartment, moved out with no notice or potentially failed to pay your rent more than one time.
If you happen to have a bad review at your old apartment or living space this can really damage your chances for getting a quality apartment to build credit again. The other advantage that comes from a second chance leases that if you are able to stay in your rental and maintain the conditions of the lease for two years the landlord is much more likely to give you a good view and help you find a more established living situation in a few years.
Overall, when it comes to credit repair and improving your circumstances a quality second chance lease from a Dallas Texas apartment owner can really improve your quality of life.
You’ve found the perfect new place and you’re surely excited, but like most of use you are definitely dreading the move. Between packing, heavy lifting and transferring utilities moving is both physically and mentally draining. To try and help with the madness and stress, here are:
5 Tips to Make Your Next Move Hassle-Free