Were any of your debts fully forgiven? Did you negotiate any debts this year? You may get a 1099-C Form. A 1099-C Form, also known as a Cancellation of Debt Form, is usually filed when the lender whom you’ve made a negotiation agreement with has cancelled $600 or more of your owed debt. The lender will file a copy with
“What are the pros and cons if I pay off a collection?” “If I pay off this collection with my tax return money, will it help increase my credit score? These are some of the commonly asked questions we receive around this time of the year due to tax return season. We know that having a collection account on your
Award reflects company’s consistently high level of customer service Dallas, Texas, January 26, 2021 – MSI Credit Solutions is proud to announce that it has earned the home service industry’s coveted Angie’s List Super Service Award (SSA). This award honors service professionals who have maintained exceptional service ratings and reviews on Angie’s List in 2020. “Despite the enormous challenges facing
Are you interested in building your credit scores? You may be asking yourself if a loan or a credit card is better for you. If you are trying to build your credit scores a credit card is best! You may be wondering why? With an installment account, when you apply you will get inquiry which will impact your scores. The
There is a common misconception that medical collections do not impact a consumers ability to purchase a house. The truth is ANY collection reported to your credit impacts your overall credit scores. Your credit score is one main factor lenders look at to approve a mortgage loan. If a medical collection is removed, that will be one less derogatory item
Are debt collectors bugging you? Do you have collections on your credit that are dropping your scores? Thanks to the Fair Debt Collection Practices Act (FDCPA), consumers are protected from abusive collection tactics. The Federal Trade Commission reported that the 3 most common FDCPA violations included the following: Harassment From Debt Collectors Actions by debt collectors that are considered harassment
Not sure how to use your stimulus check? Here are some tips. Now that you’ve gotten your stimulus check, you may be wondering about how you can best use it to shore up your finances in these trying times. We have a few tips here: Make minimum payments on all your open accounts. Pay down your debt on OPEN accounts.
Follow these four tips to stay afloat during the coronavirus pandemic 1. Stay on the job hunt & get a side hustle Although many employers may have shut down and laid off workers, there are still many essential businesses operating. These essential businesses have a high demand during these times. Remote call centers may be experiencing a high demand as
Dallas, TX, February 03, 2020 – MSI Credit Solutions is proud to announce that it has earned the home service industry’s coveted Angie’s List Super Service Award (SSA). This award honors service professionals who have maintained exceptional service ratings and reviews on Angie’s List in 2019. “Service pros that receive our Angie’s List Super Service Award represent the best in
Build good financial habits to build better credit. Your financial habits and your credit go hand in hand. Your debts account for 30% of your credit score. So chances are, when you have your finances stabilized, your credit will be in the best position to be as optimal as possible. Examples of good financial habits: Set a budget –
At MSI Credit Solutions, we believe that a rewards credit card can be an exciting step in your financial journey once your credit scores improve. These cards not only offer various rewards but also open doors to new financial opportunities.
Managing your credit report is essential for financial stability and success. One effective way to address inaccuracies is by using a 609 dispute letter. In this in-depth guide, we’ll explore what a 609 dispute letter is, when to use it, what to include, and common pitfalls to avoid.
In the world of credit repair, one often overlooked yet effective tool is the goodwill letter. If you’ve encountered a negative mark on your credit report—like a late payment—sending a goodwill letter to your creditor may help you remove it. In this blog, we’ll dive into what goodwill letters are, when to use them, and how to write one that gets results.
Navigating the complexities of credit can feel overwhelming, especially when negative items linger on your credit report. One tool that can help you negotiate a fresh start is the pay for delete letter. At MSI Credit Solutions, we’re here to guide you through this process and provide you with the information you need to take charge of your credit journey.
Welcome to the MSI Credit Solutions blog! Today, we’re tackling a topic that can seem complex but is essential for businesses and organizations: federal audits. Whether you run a small business or manage a nonprofit, knowing what a federal audit involves can help you navigate the process with confidence.
Welcome to another insightful blog from MSI Credit Solutions, where we unravel the intricacies of achieving financial wellness through a delicate balance of saving and investing. Let’s embark on a journey toward a more secure financial future.
Welcome to MSI Credit Solutions, where we turn dreams of financial recovery into reality. In this inspiring blog, we bring you real-life success stories of individuals who have triumphed over credit challenges with the expert guidance of MSI. These narratives demonstrate that, no matter the starting point, a brighter financial future is attainable.
Navigating the world of credit can be challenging, especially when surrounded by myths and misinformation. At MSI Credit Solutions, we understand the importance of debunking these myths to empower you on your journey to rebuilding credit. Let’s dispel common misconceptions and provide you with accurate information to propel your credit recovery.
Welcome to MSI Credit Solutions, where we specialize in turning credit stories around. A poor credit score doesn’t define your financial future; it’s a starting point for a transformation. In this blog, we’ll explore the actionable steps you can take to give your credit score a well-deserved makeover.
En la era moderna, donde las transacciones digitales y los sistemas de crédito son una parte integral de nuestras vidas, es esencial entender la importancia de tener un buen historial crediticio en comparación con simplemente manejar efectivo. En este artículo, exploraremos por qué un buen puntaje de crédito puede ser más valioso que depender únicamente del dinero en efectivo.
At MSI Credit Solutions, we recognize that financial setbacks are a reality for many. Life’s unpredictability can lead to unexpected challenges, but with the right approach, these challenges can become stepping stones to a brighter financial future. This blog serves as a comprehensive guide to transforming setbacks into success, providing actionable strategies and expert insights to help you navigate your path to financial recovery.
Navigating the world of credit can be challenging, especially when surrounded by myths and misinformation. At MSI Credit Solutions, we understand the importance of debunking these myths to empower you on your journey to rebuilding credit. Let’s dispel common misconceptions and provide you with accurate information to propel your credit recovery.
MSI Credit Solutions leverages your consumer rights and works on your behalf to remove questionable negative items from your credit report, which increases your credit scores.
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