Whats the difference between debt consolidation and credit repair

Debt Consolidation and Credit Repair: What’s The Difference?

If you are looking for help with debt or a poor credit score, you may have stumbled across a couple of terms that you haven’t heard before or that you don’t understand, especially when they look and sound very similar. Let’s talk about the differences between debt consolidation and credit repair. We’ll discuss when you may want to use one or the other. What is Debt Consolidation? Debt Consolidation rolls all (or most) of your debt into a single monthly payment. You take a lower interest loan and then use that money to pay off your debts. The benefits come […]

What You Should Do If You Experience a Data Breach

Thousands of data breaches have occurred because of poor security, hacking, lost or stolen media or computers, and even accidentally publishing data. These incidents have released billions of records to people who want the data to steal money or identities. One breach in 2019 released 2.7 billion identity records with 774 million email addresses and 21 million passwords. All this data was posted for sale on the internet. If you have not experienced a data breach yet, the odds are you will be included in one, or more very shortly, especially since most data breaches occur here in the USA. […]

How to Go 30 Days Without Spending Money

How to Go 30 Days Without Spending Money

According to a study conducted by OnePoll in 2019, most Americans spend $1,497 a month on nonessential items. Imagine what you could do with an extra $1000! You could pay off some bills, set up a savings account, have emergency money ready for the next car breakdown. What exactly are these non-essential items? Essential Spending Versus Non-Essential Spending Essentials are those items that you need to survive. Food and shelter are at the top of that list, but there are a lot of non-essentials built into everyday life. Essentials include rent or mortgage, medications, utilities like gas, electric, internet, food, […]

What Is A Debt Validation Letter And Why You Would Need One

Disclaimer: Pacific Debt, Inc. is not a law firm and this article should not be construed as legal advice. Only a licensed attorney in your state can provide legal advice. In many of our previous articles concerning creditors and collections agencies, we have discussed the need to prove that any debt in question is actually yours and that the debt is not older than your state’s statute of limitations. All this information can be summed up in a debt validation letter, also called a debt collection letter. Under the Federal Fair Debt Collection Practices (FDCPA), the debt collector must send […]

Which credit card is the best to get

What Credit Card Should I Get?

If you’re looking for a new credit card, what type of credit card should you get? There are literally hundreds of options available and the correct one for you depends on your credit rating, credit history, and what you want from a credit card. Why Should You Get a Credit Card? Credit cards have pretty much become a necessity if you want to do things like book a hotel room or buy a plane ticket because they are easy to use when shopping in person or online. One of the perks about using a credit card is it’s more secure […]

What's The Best Way to Pay Off a Debt in Collections

What’s The Best Way to Pay Off a Debt in Collections

Disclaimer: Pacific Debt, Inc. is not a law firm and this article should not be construed as legal advice. Only a licensed attorney in your state can provide legal advice. If you have been notified that a debt has been turned over to collections and you want to pay it off, how do you go about it? Not all debts are yours – there could be a bad address or telephone number attached to the bill, the bill could be too old to collect, or it could be a scam. How Your Debt Gets to Collections If you fail to […]

Bankruptcies Projected To Hit Record Numbers By End of 2020

Bankruptcies Projected To Hit Record Numbers By End of 2020

Disclaimer: Pacific Debt, Inc. is not a law firm and this article should not be construed as legal advice. Only a licensed attorney in your state can provide legal advice. The Covid-19 pandemic is leaving a path of destruction in its wake, including everything from social issues to financial problems. The most recent epidemic is expected to be bankruptcies. Some experts are predicting that there will be a record number of bankruptcies and homelessness caused by COVID-19 by the end of the year.  In the first half of the year, people were able to stay afloat because of government and […]

I Spent Months Searching for a Company Willing to help

I spent quite a bit of time talking with Debbie A. She did a superior job navigating a difficult and uncomfortable subject, reframing the situation as an opportunity, and making me feel confident in our plan of action before we ever got off the phone. She was transparent, comforting, complimentary, and genuine. I am grateful beyond words for the service I’ve received thus far. I had spent months searching for a company willing to help but was in a tough spot. I finally found someone, Pacific Debt, willing to step up to the plate and help me succeed, and their […]

What Happens to Credit Card Debt After 7 Years

What Happens to Credit Card Debt After 7 Years

Disclaimer: Pacific Debt, Inc. is not a law firm and this article should not be construed as legal advice. Only a licensed attorney in your state can provide legal advice. Seven years seems to be a magical number for financial considerations. Seven years can clear some data off your credit report. Seven years is how long you usually need to keep tax information. However, seven years does not automatically clear away what you may owe from your credit report. Events like Chapter 7 bankruptcy can stick around much longer. And your state may have a different statute of limitations for […]

Pacific Debt Will Be The Company To Get My Debt Resolved

I was very happy with the service and experience I had with Rian when applying with Pacific I was with another company was not satisfied at all found out some bad things so when I found out Pacific good rating and good customer service rating I immediately was ready to sign up I feel confident they will be the company to get my debt resolved. Get Your Free Savings Estimate from Pacific Debt Today! Marcia August 4, 2020 Provided by BestCompany Pacific Debt has helped thousands of people reduce their debt. Since 2002, we’ve settled over $250 million in debt for […]

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