Lessons about collection letters
Money 101 host Bob McCormick talks with Robert Brennan and CPA David Flamer about these topics:
What should you do when you get a collection letter? Bob got one and it SHOCKED him.
Bob goes on www.annualcreditreport.com after he gets a collection notice from the City of LA Finance Department.
Bob emphasizes that if you get a collection letter like he did, it’s important to act RIGHT AWAY.
Does it hurt your credit score when YOU launch an inquiry or when SOMEONE ELSE does it?