Strategies to help businesses with debt collection include having an effective payment tracking system, following protocol after missed payments and keeping payment terms short, reports Entrepreneur magazine. Offering a ... More » Business & Finance Credit & Lending

The Fair Debt Collection Act is a federal law that prohibits debt collectors from using deceptive and unfair practices to collect a debt, explains the Federal Trade Commission. A debt collector is someone who regularly c... More » Government & Politics Law Debt Law

One strategy for consolidating debts involves transferring the debts from all credit cards to one zero-percent or low-interest credit card, reports the Consumer Financial Protection Bureau. Another strategy is to take ou... More » Business & Finance Financial Planning
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Paying off a credit card debt requires implementing one or more strategies such as paying off one card at a time or consolidating all debt into one payment. Another strategy is to pay more than the minimum amount each mo... More » Business & Finance Credit & Lending

To calculate your ideal monthly mortgage payment, tally up your monthly debt from car loans, credit cards, student loans and other such debt payments, and add a mortgage payment that does not make your total debt payment... More » Business & Finance Credit & Lending

To negotiate a debt collection settlement, evaluate your cash flow to calculate the amount you can devote to debt payments, request the debt collector to delete all negative details from your credit records associated wi... More » Business & Finance Credit & Lending Personal Loans

The factors that go into calculating a FICO credit score, the system used by most banks and other businesses that deal in credit, include payment history, amount of debt, length of credit history, types of credit and amo... More » Business & Finance Credit & Lending