Showing posts with label information. Show all posts
Showing posts with label information. Show all posts
Tuesday, April 1, 2014
Collection Agency Re aged Derogatory Information On Credit Report
If youre one of the many Americans who are lying low and waiting for old collections to fall off your credit report, you may be in for a nasty shock. Some unethical collection agencies tamper with the dates they report to the credit bureaus. By changing the dates associated with the account, the collection agency can ensure that a derogatory entry remains on your credit report for longer than the law allows. This process is known as "re-aging" and it is illegal.
How Debt Collectors Re-age Debts
Lets say your original debt was a defaulted credit card debt and you stopped making payments in January of 2005. In June of 2005 – 180 days later – the credit card company assigns your defaulted account to a collection agency and updates your credit report to lect that the debt you owe was charged off. When the collection agency gets the debt, it adds a new derogatory trade line to your credit report. Now you have both the original creditors derogatory entry and one from a collection agency.
The Fair Credit Reporting Act dictates that most debts can only remain on your credit report for 7 years and 180 days from the date of first delinquency. The date of first delinquency is the date that your payments to the original creditor were first classified as late.
What many debtors dont realize is that the DOFD applies to all entries for a given debt. Because few creditors send accounts to collection agencies until they are 180 days delinquent, collection agency entries rarely remain on debtors credit records for the full 7.5-year period. The absolute latest a collection account should disappear is at the same time as the original creditors charge-off. In other words, it simply isnt legal for a collection agency to leave derogatory information on your credit report for longer than the original creditor.
SOL and the Credit Reporting Period
Dont confuse the statute of limitations for lawsuits with the credit reporting periods statute of limitations. These are two totally different time frames. The statute of limitations for lawsuits ers to the amount of time a debt collector can legally sue you in your state. Each state has different statutes of limitations. The credit reporting period – 7.5 years – is federally mandated and the same in every state. Generally the statute of limitations for lawsuits expires long before the credit reporting period.
This is covered in more detail here: The Credit Reporting Period vs. the Statute of Limitations
Re-aged Collection Accounts
If you pull your credit report and the original creditors derogatory information is gone but a collection agencys negative trade line lingers on your report, theres a good change the collector re-aged your debt.
When a debt collector re-ages accounts, it reports a date of first delinquency that is much later than the actual DOFD. In the above example, our DOFD was January of 2005. The collection agency gets the account in June of 2005. If the collection agency reports the date of first delinquency as the date it received the account – in June – the derogatory information will remain on your credit report until June of 2012, rather than being removed in January of 2012, as federal law dictates it should be.
Although clearly illegal, this nasty little trick is incredibly common. I see it literally All. The. Time. A collection agency that regularly alters the dates on its accounts could theoretically ensure that a collection account remains on your credit report indefinitely.
What To Do About Re-aged Collection Debts
Removing a re-aged collection account from your credit report is much easier if you have proof to back up your claim of re-aging. This is one reason I recommend that all individuals print out their credit reports from each credit bureau once each year. The dates lected in the original creditors trade line prove your claim of re-aging – but thats much harder to do once the original creditors trade line ages off your account. Most credit card companies dont keep charge-off records longer than 18 months, so getting proof from the original creditor after the fact is difficult, if not impossible.
If you have proof, send it to the credit bureau along with a letter explaining that the collection account is obsolete and should have been deleted, as the 7.5 year period for that particular debt has already passed. Make sure to use the word "obsolete" in your dispute. Disputes are coded and while I wont get into that right now, I will say that you want your dispute to have the "Obsolete" code.
You can also take your re-aging issue up with the collection agency itself. A well-written "I have every right to sue you" letter along with proof of the re-aging is often enough to coerce debt collectors to remove derogatory information from your credit report. Make sure you point out that you want the trade line deleted. Anything less is against federal law.
ReadThe RestEntry..
How Debt Collectors Re-age Debts
 |
| You may end up waiting longer than 7 years... |
The Fair Credit Reporting Act dictates that most debts can only remain on your credit report for 7 years and 180 days from the date of first delinquency. The date of first delinquency is the date that your payments to the original creditor were first classified as late.
What many debtors dont realize is that the DOFD applies to all entries for a given debt. Because few creditors send accounts to collection agencies until they are 180 days delinquent, collection agency entries rarely remain on debtors credit records for the full 7.5-year period. The absolute latest a collection account should disappear is at the same time as the original creditors charge-off. In other words, it simply isnt legal for a collection agency to leave derogatory information on your credit report for longer than the original creditor.
SOL and the Credit Reporting Period
Dont confuse the statute of limitations for lawsuits with the credit reporting periods statute of limitations. These are two totally different time frames. The statute of limitations for lawsuits ers to the amount of time a debt collector can legally sue you in your state. Each state has different statutes of limitations. The credit reporting period – 7.5 years – is federally mandated and the same in every state. Generally the statute of limitations for lawsuits expires long before the credit reporting period.
This is covered in more detail here: The Credit Reporting Period vs. the Statute of Limitations
Re-aged Collection Accounts
If you pull your credit report and the original creditors derogatory information is gone but a collection agencys negative trade line lingers on your report, theres a good change the collector re-aged your debt.
 |
| Re-aging sets back the clock on your debt. |
When a debt collector re-ages accounts, it reports a date of first delinquency that is much later than the actual DOFD. In the above example, our DOFD was January of 2005. The collection agency gets the account in June of 2005. If the collection agency reports the date of first delinquency as the date it received the account – in June – the derogatory information will remain on your credit report until June of 2012, rather than being removed in January of 2012, as federal law dictates it should be.
Although clearly illegal, this nasty little trick is incredibly common. I see it literally All. The. Time. A collection agency that regularly alters the dates on its accounts could theoretically ensure that a collection account remains on your credit report indefinitely.
What To Do About Re-aged Collection Debts
Removing a re-aged collection account from your credit report is much easier if you have proof to back up your claim of re-aging. This is one reason I recommend that all individuals print out their credit reports from each credit bureau once each year. The dates lected in the original creditors trade line prove your claim of re-aging – but thats much harder to do once the original creditors trade line ages off your account. Most credit card companies dont keep charge-off records longer than 18 months, so getting proof from the original creditor after the fact is difficult, if not impossible.
If you have proof, send it to the credit bureau along with a letter explaining that the collection account is obsolete and should have been deleted, as the 7.5 year period for that particular debt has already passed. Make sure to use the word "obsolete" in your dispute. Disputes are coded and while I wont get into that right now, I will say that you want your dispute to have the "Obsolete" code.
You can also take your re-aging issue up with the collection agency itself. A well-written "I have every right to sue you" letter along with proof of the re-aging is often enough to coerce debt collectors to remove derogatory information from your credit report. Make sure you point out that you want the trade line deleted. Anything less is against federal law.
Tuesday, December 17, 2013
Contractors Insurance Texas And Information You Have To Discover
A bigger number of workers are required in the construction company. Especially on big projects, a substantial amount of money is needed. The workers operating at the site are everyday facing high risk and greatly exposed to hazards such as accidents and some other physical injuries. Theyre risking their own lives with heavy equipments functioning in some places, working on higher grounds, carrying harmful gadgets and open to toxic substances including paints. Even there are safety and also precautionary steps implemented, but even how careful we are still mishaps do happen.
One accident or even negligence could undoubtedly cause huge financial problem whether it is from the worker or company owner. Since theres danger entail, it is good to be prepared. The company should have something to take care of the expenses during these unfortunate situations. With this particular, the need for insurance happen. A sort of insurance coverage which is tailored for the construction firm and not just any form of insurance. Despite the fact that insurance prerequisites differs from each and every state, you have to select a comprehensive contractors insurance. And whether its mandated or not, consider your own safety.
Comprehensive Insurance Coverage
The crucial facets just like damage to property and injuries suffered while on duty are covered by a comprehensive contractors insurance. And this type of insurance includes the proprietor, the laborers, its staff, the sub-contractors and business partners.
Value
As mentioned previously, its highly prone to accidents. And when that takes place, the contractor or owner will be held liable for any kind of injuries caused. For the medical bills of the injured individual, the proprietor will likely be obliged to pay for it or perhaps compensate his family in case of death. Even when the proprietor wont face the issue, by all means the worker will find its method to acquire legal action to be compensated which may even make things worse.
In the event of any defective works, the buyers of the units from the constructed buildings can sue the company. When proven incorrect, the company is required to carry out the maintenance. All of the expenditures incurred must be shouldered by the contractor. And remodeling work will surely be costly. And also the prices of construction supplies are becoming high lately. Any destruction induced to the constructed site would immediately mean an additional expenditure. Its a big financial losses from being an outright responsibility.
It is crucial that the corporation should have an insurance plan with inclusions suitable to the business operated. With right insurance the business is safe in case any unlucky occurrences happen. The above scenarios can be financially assisted by insurance coverage. Insurance plan is important in any construction firm as it can provide financial security to the company. It covers each and every facet thats regarded essential to safeguard the firm and some other predicted liabilities.
Public Liability Insurance
This kind of coverage can look after the business from any 3rd party injuries and claims. It can be property damage or a person or the devices and equipments operated in the construction site. By-passers as well as the clientele going to the site are also incorporated. For instance, when the operating gondola for whatever reason gives way and hit the visiting customer. It is also from falling debris crash into by-passers.
Workers Compensation Insurance Policy
This is very important for any construction firm may it be in Texas or other part of the state. Nevertheless, there are different rules in every state in relation to insurance coverage, it is essential that the firm has a great risk management plan. Whether it is ordered or not. As already mentioned, construction company is susceptible to accidental possibilities. A worker or an employee could get hurt regardless whether whos liable. The one whos liable for the security of the staff is the firm. And as the law directs, the worker has all the right to report a case from its businesses to get compensated. The firm is protected from financial burden including lost income, medical costs or some other claims or expenses relative to the occurrence.
The Correct Risk Management
Insurance suitable for a construction enterprise includes an array of coverage. The various factors above shows how vital its in any construction company. It forms part of a great risk management plan. In the event of any unpleasant damages or accidents, all big expenditures are covered all by this. .
One accident or even negligence could undoubtedly cause huge financial problem whether it is from the worker or company owner. Since theres danger entail, it is good to be prepared. The company should have something to take care of the expenses during these unfortunate situations. With this particular, the need for insurance happen. A sort of insurance coverage which is tailored for the construction firm and not just any form of insurance. Despite the fact that insurance prerequisites differs from each and every state, you have to select a comprehensive contractors insurance. And whether its mandated or not, consider your own safety.
Comprehensive Insurance Coverage
The crucial facets just like damage to property and injuries suffered while on duty are covered by a comprehensive contractors insurance. And this type of insurance includes the proprietor, the laborers, its staff, the sub-contractors and business partners.
Value
As mentioned previously, its highly prone to accidents. And when that takes place, the contractor or owner will be held liable for any kind of injuries caused. For the medical bills of the injured individual, the proprietor will likely be obliged to pay for it or perhaps compensate his family in case of death. Even when the proprietor wont face the issue, by all means the worker will find its method to acquire legal action to be compensated which may even make things worse.
In the event of any defective works, the buyers of the units from the constructed buildings can sue the company. When proven incorrect, the company is required to carry out the maintenance. All of the expenditures incurred must be shouldered by the contractor. And remodeling work will surely be costly. And also the prices of construction supplies are becoming high lately. Any destruction induced to the constructed site would immediately mean an additional expenditure. Its a big financial losses from being an outright responsibility.
It is crucial that the corporation should have an insurance plan with inclusions suitable to the business operated. With right insurance the business is safe in case any unlucky occurrences happen. The above scenarios can be financially assisted by insurance coverage. Insurance plan is important in any construction firm as it can provide financial security to the company. It covers each and every facet thats regarded essential to safeguard the firm and some other predicted liabilities.
Public Liability Insurance
This kind of coverage can look after the business from any 3rd party injuries and claims. It can be property damage or a person or the devices and equipments operated in the construction site. By-passers as well as the clientele going to the site are also incorporated. For instance, when the operating gondola for whatever reason gives way and hit the visiting customer. It is also from falling debris crash into by-passers.
Workers Compensation Insurance Policy
This is very important for any construction firm may it be in Texas or other part of the state. Nevertheless, there are different rules in every state in relation to insurance coverage, it is essential that the firm has a great risk management plan. Whether it is ordered or not. As already mentioned, construction company is susceptible to accidental possibilities. A worker or an employee could get hurt regardless whether whos liable. The one whos liable for the security of the staff is the firm. And as the law directs, the worker has all the right to report a case from its businesses to get compensated. The firm is protected from financial burden including lost income, medical costs or some other claims or expenses relative to the occurrence.
The Correct Risk Management
Insurance suitable for a construction enterprise includes an array of coverage. The various factors above shows how vital its in any construction company. It forms part of a great risk management plan. In the event of any unpleasant damages or accidents, all big expenditures are covered all by this. .
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When you are in need of TX contractors insurance , we positively can assist you. We do offer you help by giving extra details here about Texas handyman insurance quotes.
Saturday, August 10, 2013
Information On Pepsi Educational Scholarship
Good news for prospective college and university students who are aficionado or the Tropicana or Gatorade. Pepsi is offering scholarships to finance your educational expenses. To learn more about this opportunity, read on.
In order to be eligible for Pepsi Scholarship, you should had attended one of these colleges which are City College of New York, Universities like Howard, northeastern, Penn State, Saint Josephs, Suny Binghamton, Temple, Virginia Tech and University of North Carolina at Chapel Hill. You are awarded with a 000 scholarship from the Eastern Division of QTG which is a division of Pepsi and hence it is known as a Pepsi scholarship. You need to be a freshman, sophomore or junior student with a grade point average of 3.0 and have to facilitate the need for the financial aid. Moreover, you need to be student with leadership skills and participating in the extra curricular activities.
Then there are various Pepsi scholarships like Pepsi Scholarship fund which deals with American accommodation and lodging educational foundation. Another Pepsi scholarship is the Pepsi bottling group, where a grant of 10,000$ is awarded to students with GPAs greater than 2.5 and intending to study in Maryland college with secured admission.
Another Pepsi scholarship is the Pepsi-cola public affairs scholarship which needs their students to have completed at least 45 semester hours at the Missouri State University proving it with a public service and leadership activities. Apart from scoring 3.25 GPA, recommendation is also required bearing testimony of students skills in public affairs and leadership skills.
Pepsi scholarship also has the Mid-Del technology scholarship wherein the candidates have to be from the Mid-Del technology center and planning to attend the Oklahoma University. Again here you need to provide the 3.0 GPA and also need to prove the financial need, besides this; you also need to have moral character for getting selected.
Few other Pepsi scholarships are the Pepsi service Scholarship, Pepsi/Frito-Lay scholarship which are again available for the freshmen and the residents of Nebraska. The eligibility criteria remain the same with leadership and extra circular activities to be proven along with meeting a tough GPA requirement.
So get cracking on these incredible scholarships and aid the educational expenses. There is a multitude of scholarships on diverse subjects and they are all to support your cause of higher education without financial hassle. Make the best use of this incredible Pepsi Scholarship and find the perfect skills for the career youve always wanted. Best of luck.
James Scholaris
ReadThe RestEntry..
In order to be eligible for Pepsi Scholarship, you should had attended one of these colleges which are City College of New York, Universities like Howard, northeastern, Penn State, Saint Josephs, Suny Binghamton, Temple, Virginia Tech and University of North Carolina at Chapel Hill. You are awarded with a 000 scholarship from the Eastern Division of QTG which is a division of Pepsi and hence it is known as a Pepsi scholarship. You need to be a freshman, sophomore or junior student with a grade point average of 3.0 and have to facilitate the need for the financial aid. Moreover, you need to be student with leadership skills and participating in the extra curricular activities.
Then there are various Pepsi scholarships like Pepsi Scholarship fund which deals with American accommodation and lodging educational foundation. Another Pepsi scholarship is the Pepsi bottling group, where a grant of 10,000$ is awarded to students with GPAs greater than 2.5 and intending to study in Maryland college with secured admission.
Another Pepsi scholarship is the Pepsi-cola public affairs scholarship which needs their students to have completed at least 45 semester hours at the Missouri State University proving it with a public service and leadership activities. Apart from scoring 3.25 GPA, recommendation is also required bearing testimony of students skills in public affairs and leadership skills.
Pepsi scholarship also has the Mid-Del technology scholarship wherein the candidates have to be from the Mid-Del technology center and planning to attend the Oklahoma University. Again here you need to provide the 3.0 GPA and also need to prove the financial need, besides this; you also need to have moral character for getting selected.
Few other Pepsi scholarships are the Pepsi service Scholarship, Pepsi/Frito-Lay scholarship which are again available for the freshmen and the residents of Nebraska. The eligibility criteria remain the same with leadership and extra circular activities to be proven along with meeting a tough GPA requirement.
So get cracking on these incredible scholarships and aid the educational expenses. There is a multitude of scholarships on diverse subjects and they are all to support your cause of higher education without financial hassle. Make the best use of this incredible Pepsi Scholarship and find the perfect skills for the career youve always wanted. Best of luck.
James Scholaris
Wednesday, May 15, 2013
Information on Houston Website Design
If you wish to sell your items online, the first thing that you have to end up doing is to make a website for yourself. The charm of the Internet depends on the fact that without having to invest a lot of money, you could really target a substantial market which includes millions of people around the globe. Certainly, when it involves selecting marketing strategies, you have to be extremely sensible due to the fact that there will be a lot of different options available for you.
If you wish to make a website for yourself, you can either discover how to build a website and do it yourself. You could likewise consider a few of the cost-free internet site builders that are available online. Nevertheless, there are a number of companies that build internet sites for customers also. For instance, you need to look at Houston Web Design that is a business that has been constructing websites for a number of various clients.
On the various other hand, if you wish to discover various other options that are offered for you, you must log onto a search engine and try to make use of phrases like Houston Website Design. Additionally, you could use expressions such as website design Houston also. Such a search will offer you with a list of business that offer website structure services in Houston. You must likewise think about a company that can provide you with advertising services as well. Just constructing a site is not the only concern that has to be dealt with since you have to properly market your website too. Without proper advertising, you will wind up not having the ability to reach the quantity of customers that you wish to.
On the other hand, a search expression such as web design Houston or Houston Web Designer can likewise offer you with a lot of online forums where you will have the ability to read up on the very best companies running in Houston. Building a website is not an uphill struggle. Nonetheless, constructing a fantastic website is since there are a lot of things that you have to think about.
First of all, the overall design of the site will matter a lot too due to the fact that you have to be able to see to it that your individuals are going to like exactly what they see. The website also has to be interactive adequate to communicate well with users. For example, if you are selling shoes on your website then the search function need to be such that it enables users to quickly learn what they are looking for. These are things that you truly should beware about because if customers do not like your website then it is going to come to be rather challenging for you to profit from such a task.
If you wish to make a website for yourself, you can either discover how to build a website and do it yourself. You could likewise consider a few of the cost-free internet site builders that are available online. Nevertheless, there are a number of companies that build internet sites for customers also. For instance, you need to look at Houston Web Design that is a business that has been constructing websites for a number of various clients.
On the various other hand, if you wish to discover various other options that are offered for you, you must log onto a search engine and try to make use of phrases like Houston Website Design. Additionally, you could use expressions such as website design Houston also. Such a search will offer you with a list of business that offer website structure services in Houston. You must likewise think about a company that can provide you with advertising services as well. Just constructing a site is not the only concern that has to be dealt with since you have to properly market your website too. Without proper advertising, you will wind up not having the ability to reach the quantity of customers that you wish to.
On the other hand, a search expression such as web design Houston or Houston Web Designer can likewise offer you with a lot of online forums where you will have the ability to read up on the very best companies running in Houston. Building a website is not an uphill struggle. Nonetheless, constructing a fantastic website is since there are a lot of things that you have to think about.
First of all, the overall design of the site will matter a lot too due to the fact that you have to be able to see to it that your individuals are going to like exactly what they see. The website also has to be interactive adequate to communicate well with users. For example, if you are selling shoes on your website then the search function need to be such that it enables users to quickly learn what they are looking for. These are things that you truly should beware about because if customers do not like your website then it is going to come to be rather challenging for you to profit from such a task.
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