Lessons about collection letters

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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?



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