Arrow Financial Services Help and Tips For Discarding Bad Credit
“How You Can Repair Your Credit After Experiencing Charge Offs From Aggressive Debt Collectors Arrow Financial Services or Other Debt Companies”
Credit problems can happen to anyone, no matter how careful you think you’re being with your money management.
All it takes is one unforeseeable event or emergency, like being laid off from work or needing an expensive medical procedure, to wipe out your savings and put you in debt.
So if you find yourself having credit problems, don’t try to hide the situation out of shame!
As if the stress of job-hunting in today’s brutal economy wasn’t bad enough, now many have to worry about their credit situations.
You may have received letters from Arrow Financial Services or other collection agencies if you have an older unpaid debt.
The letters can, and will come about once a week, and they can be very intimidating, but probably no where near as bad as the phone calls.
Someone from Arrow Financial Services may be trying to call you every single day.
Most of the time the debt reps can be a bit push, and rude. It is clear that they are just doing their job, but they ordinarily show little or no sympathy.
The most upsetting thing about most debt collection agencies, (such as, Arrow Financial Services) is that they often times will keep adding fees and interest to the amount you owed on a loan, or credit account.
Since they buy your debt from other companies – that interest money, and extra charges are pure profit for them.
To make matters even worse, debt collection companies, including Arrow Financial Services can and will report the collection items to the credit bureaus.
This means that anyone who looks at your credit reports will see that you owe a big chunk of change to a bill collector.
It can be pretty embarrassing. Plus, employers often check credit history before they hire a new employee.
Having a terrible credit report makes it even harder to find work.
The credit bureaus are legally required to send you a copy of your credit report every time an item is added or removed.
If you do a little research to learn more about credit ratings, and debt collection processes in general, you will find that collection agencies can not force you to pay debts once the Statute of Limitations has run out.
This statute varies by state, but if your debt is several years old you should definitely look into it. If it has expired, you might not be responsible for the debt anymore.
You will also discover that if you can catch the collection agency placing inaccurate information on your credit report, you will have evidence to use against them when you dispute the debt.
For example, if they’ve failed to accurately report the debt’s origin, you may be able to get that debt removed.
The best thing you can do if you find yourself in this situation, is to seek professional help from resourceful and reliable experts who handle these problems every single day.
The Lexington Law Firm has an astounding reputation for helping people get out of a bad credit nightmare.