Posts Tagged ‘credit card debt’

Credit Monitoring – Advantages And Disadvantages

Mike Singh asked: Have you heard of credit monitoring? It is a service that reporting agencies offer to you. The service is quite straightforward. For a fee, they will monitor your credit for you to insure that nothing strange appears or that nothing out of the ordinary reduces your score. Is an investment in such [...]

Should I pay an credit card debt that is 12 years old and now owned by a collection agency?

Emily asked: I received a collection letter regarding an old credit card that I forgot about from 12 years ago. The original balance was $590.00 and they are asking for payment of $1,550.00 with interest! It’s NOT on my credit report (yet) and I monitor it through MyFico. Since it’s 12 years old, would it [...]