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Collection agencies sometimes use unscrupulous methods to collect money owed on a debt. Luckily, the Fair Credit Reporting Act protects you from these debts being marked up as much as 150% from the original debt owed. You must go to a court of law to fight them, and have the information removed from your credit report. They can do irreparable damage to your credit rating and create havoc on your credit report.

Many times the original debt is a minimal amount. However, once the debt has been charged off your account can be sold to a collection agency. At this point, the purchaser of the debt can mark up the total amount in order to make a profit. This often comes under the guise of fees, interest rates and penalties. LVNV is one such collection agency whose business practices and collection process are questionable and who use derisive tactics for collection.

One of the things you must to do to protect yourself is to fight scurrilous collection agencies by using debt validation. This can be accomplished by writing a letter to the collection agency, detailing specific information and collection of facts to prove your case in a court of law.

Debt validation is a process under which you are protected by the FDPCA (The Fair Debt Collection Practices Act) by writing a letter. Collection agencies may not even be entitled to collect the debt. You are obligated to pay the original debt, such as a credit card balance. But you are protected from receiving fraudulent collection requests.

Your letter should be sent to all three credit reporting agencies and should include several key questions and information confirmed. Your letter should be sent certified mail with return receipt requested. Tell them the collection agency is violating your rights by listing an inaccurate or erroneous account, and to correct or delete this entry on your credit report. Ask that if the debt is deleted that they will not allow the collection agency to reapply for collection.

Write to the collection agency as well by certified mail, return receipt requested. Ask them to provide with information regarding the amount of the debt, what calculations they used. This will show the amount of the original debt and their fees, etc. Get proof of contracting for the debt, proof the statute of limitations has not run out. If it has, they are no longer able to collect on the debt. Ask for their licenses and by what authority are they licensed to collect in your state.

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A default judgment is a judgment placed against you by a court of law by some who claims you owe them money. It can be a corporation, business, or someone can file personally against you if you have borrowed money from them.

A judgment is the only recourse a creditor has against a debtor to secure they will be repaid. A judgment placed against you will affect your credit rating and do you considerable harm when applying for credit. It will also appear on your credit report with the three major credit reporting agencies.

Default judgments are usually filed against a debtor if they have not faced the creditor in court. If you were not aware a judgment was being filed against you, there are certain procedures to begin a process to have the default judgment removed or vacated, as if your right.

The only person with the authority to grant a judgment be vacated is a judge. The information used against you may be incorrect and you have the right to have it questioned. Keep in mind, however, that you cannot schedule an appeal or apply for a new trial until a judgment to vacate has been granted.

There are steps to begin the process, but they MUST be done within thirty days of receiving your Notice of Judgment. Go to the local small claims court and ask for a “Notice of Motion To Vacate Judgment.” You will pay a nominal fee which is different in every state. The clerk will timestamp and file the paperwork with the proper court. This is part of your evidence.

After the clerk timestamps the paperwork, sets the date and time when you should appear, your accuser will be notified as well. The law states you have 180 to file a Notice of Motion to Vacate Judgment if you were not aware a judgment was being filed against you. A judge will listen to your circumstances when you appear in court.

There are also circumstances where you can ask for a continuance, which is a postponement of your trial. This time may be used to gather evidence or proof you need to state your case.

You have 10 days in which to file an appeal against the judge’s denial of your request to vacate the default judgment.

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Increase your credit scores by using rapid rescoring, a process in which your account information is quickly updated. This may mean the difference between an approval for a loan or a denial.

The amount of time, effort and perseverence spent by consumers working on their own can be overwhelming. Rapid rescoring can only be done by companies who work with brokers and lenders. Identity theft is often difficult to prove and removing fraudulent information on your credit reports can take a long time. It can be quite a hassle.

The Lexington Law Firm is one of the most reputable companies in the business and can work to remove the negative entries or items. Of course, if the negative entries or items are legitimate, no company can remove them. They also cannot help you win a case against a creditor if you are truly in the wrong.

Rapid rescoring is a legitimate way to remove information from your credit report that is erronoeous. Be aware of fraudulent companies who state they can remove anything, whether the debit be legitimate or not. It is not true and illegal to state so.

Your credit reports are given the utmost attention and detail oriented professionals will do their best to produce the end result you are looking for. There are roadblocks to every situation, and professionals at The Lexington Law Firm are prepared to deal with anything that comes across their desks.

Rapid rescoring is a legal, legitimate way to remove unwanted or erroneous information from your credit reports with Equifax, Trans Union and Experian. Nightmare conditions can be eliminated, with returning errors eliminated completely.

Of course, the Lexington Law Firm cannot rewrite history. If the debt is yours, you have to wait until the alloted time has passed before the debt falls off the report. Take steps to monitor your credit reports daily, to avoid the recurrence of erroneous information being reported on your credit report.

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0% interest credit cards are those where no interest is charged for a certain time when the service is first used. The companies which issue them make their profit from fees as well as from the interest they charge on any balances which are outstanding, but they’ve discovered that by offering an initial zero interest period, their cards are more popular. The initial period of no interest is sometimes a year, sometimes different periods, and can apply to balance transfers, to other expenditure, or sometimes both.

Credit cards, first introduced in 1950, are familiar now in the western world, although used in some countries much more than others. People in the US, Canada and the UK use credit cards the most, while in Japan they are only commonly used by very large businesses. 0% interest credit cards are particularly appealing to users.

The companies which lend the credit make their profit by the fees and interest they charge, but have found it more profitable to offer a period of zero interest first, as this entices more customers to use their service.

Cash advances are often charged an interest rate, and sometimes this interest rate is applied on the transaction date rather than the billing date. It is also common for credit card companies to apply a higher rate of interest to cash advances, and also to apply payments to all other transactions before the cash advances.

A zero interest credit card is often used to reduce payments by transferring a balance from another card where interest payments are due to the zero interest card and thus avoiding the need to make any interest payments on that balance for a certain period.

0% interest cards can also be used to make money, by transferring the balance into a bank account which pays interest, or occasionally another form of investment. Cards have even been used to fund part or whole of the startup of businesses, although this is an unusual and somewhat risky form of business start-up capital. There is a rumor that the Google company was initially funded using credit cards, as well as a few movies (such as “clerks” and “Battlestar Galactica: The Second Coming”) and other successful business ventures.

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