Shield Your Life Forever

(Newswire.net — October 8, 2013) Tampa, Fl —

As we all know, sometimes we fall into hard times and certain bills have to remain unpaid or fall into what creditors call “delinquency”.  When this happens our credit and credit score begin to taint and a nightmare begins.  The first step when a debt becomes delinquent is that the original lender on the unpaid bill will send the unpaid balance to an in-house collection agency that will handle the collection process from that point forward.  Collection agencies by default have no mercy when it comes to harassing a client by phone calls that are made many times a day with the intent to make payment arrangements, and collect on the unpaid bill.  A debt protection agency will not only relieve you from this nightmare, but will protect your credit.

            Credit protection is something everyone who has fallen behind with payments and has incurred unpaid debt, should consider.  Protecting your credit should also mean becoming knowledgeable about your rights as a credit consumer, requesting periodic credit reports to be updated with your credit score, flawed credit card accounts and so much more.

            Knowing the difference between debt settlement and debt dispute will make a world of difference when it comes to protecting your credit.   Debt settlement negotiates a lower payoff amount of what is owed on the balance of the debt.  The debt settlement has repercussions that consumers are not aware of such as, lowering credit scores that cannot be improved and interest accrued on the client’s funds being kept by these settlement companies.  On the other hand, the dispute process focuses on forcing debt collector’s claims by validating the money owed by incorporating laws in doing so.  The third party (debt collector) has to prove there was never a relationship or an existing relationship between them and the client.