Pacific Debt Blog

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 […]

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 […]

California’s Minimum Wage Increase Goes Into Effect Next Year

California’s Minimum Wage Increase Goes Into Effect Next Year

California Governor Gavin Newsom announced recently that, despite the ongoing pandemic, minimum wage workers will see an increase to $14 per hour for businesses employing more than 25 people and $13 per hour for businesses with fewer than 25 people. This increase will begin on January 1, 2021.  Minimum Wage Increases The governor could have suspended the increase due to the pandemic, but he decided that it was more important for minimum wage workers in essential jobs at hospitals and nursing homes, grocery stores and those caring for children to benefit from what will soon be an improving economy.  Other […]

Banks Start Closing Credit Cards and Cutting Credit Limits Due To Pandemic

Banks are Closing Credit Cards and Cutting Credit Limits Due To Pandemic

The Covid-19 pandemic is having many diverse effects on Americans – from health care to child care to in-person communication. There is yet another change on the horizon that people need to be aware of in order to protect themselves from financial disaster. Depending on your age and your credit score, your credit cards may be closed or the credit limits may be slashed in the next few weeks or months. In fact, more than 70 million card holders have been affected in the last 60 days. Sometimes these changes are made in response to a falling credit score, not […]

California Residents Getting Sued Over Credit Card Collections Bills

California Residents Getting Sued Over Credit Card Collections Bills

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 is able to provide legal advice. California Residents Getting Sued Over Credit Card Collections Bills From 2015 to 2019 the number of California residents being sued over credit card collection bills has more than doubled, going from 9,510 cases to 24,453 cases. And that number probably will not go down any time in the near future. Thanks to the economic hardships created by the Covid-19 epidemic, more Californians can expect a legal summons for their […]

Is there another stimulus check coming

Is There Another Stimulus Check Coming?

In one of our previous articles, we discussed the first stimulus check, when it might arrive, and how to track yours. The current question is: While the Coronavirus pandemic continues to surge in some states, will Americans receive a second stimulus check? Depending on what news source you look at, you could get conflicting answers. Let’s take a look at how the stimulus check question stands as of July 7, 2020.  The CARES Act On March 27, the first stimulus package, known as the CARES Act became law and checks began to be sent out. Most single filers with an […]

Pacific Debt Inc featured on badcredit.org for Debt Settlement Options
BBB accredited business

"My dealings with the Pacific Debt representatives was a most pleasant experience. I started the program in October of 2012, my goal being to pay off all my credit card debt as quickly as possible."

Cathy

"I just wanted to thank you for work you did for us on settling our credit cad debts. You were honest and explained everything you were doing in detail. I had a lot of confidence in you. I felt that I did the right thing in contacting your Pacific Debt and you to do by right by us."

Shirley

"I just wanted to send a quick thank you for all you have done! It wasn't an easy couple of years financially, but I made it through! Thanks to you, Pacific Debt, I can now make a fresh start."

Denise
BACK
Free Consultation
close slider

See How Much You Can Save


Start saving today! Get a personalized plan from Pacific Debt, the leader in debt relief with an A+ Rating from the BBB.


How much debt do you have?

Click to estimate

See Savings

100% free savings estimate and will not affect your credit