Can’t I Just Pay My School Instead of the Collection Company for My Debt? – Rennie

Question: Dear Steve, I graduated from a university in 2012 and wasn’t able to receive my degree until I paid my debt I owe to the college. I recently contacted the credit and collection department of the college to see if I can be put on a repayment schedule. I was told by the representative … Read more

Should I Quit Paying Bank of America For My American Express? – Becky

“Dear Steve, I have a BOA American Express card that was originally about $500.00 – I’ve paid every month and for the past 4 years made no new purchases. Interest rate is 25.99% and with all the monthly late fees / interest rate my balance is almost $2k. I’m falling further into debt with this … Read more

Debt Collectors Agree to Not Chase Debtors for 30 Days

Collections agencies in the UK have agreed not to chase debts for 30 days when debtors seek advice from accredited debt management companies. The 30 day breathing space, agreed between the Department of Business, Enterprise and Regulatory Reform (BERR) and the Credit Services Association (CSA), will start once an accredited debt management company has been … Read more