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    • CDTV Launch! March 30, 2011
        Credit Dusters has just launched our interactive television show. The network is called CDTV and it will start out with a daily show about all things credit. You can go there now…tv.creditdusters.com. Advertisements
    • New VW and Other Purchases I Didn’t Make June 4, 2008
      It seems strange considering my profession.  I recently pulled a copy of my credit report through the credit watch service  I am a member of.  I needed to purchase a car so I wanted to see where my scores stood and shop for the best interest rate.  To my surprise I had purchased a brand new […]
    • Loan Modification – The Best Chance for Success April 30, 2008
      This week we are discussing a painful, but important situation that a lot of American consumers are facing. It is so scary to think that you might lose your home, but we want you to know that there is hope. We want to be a resource to those folks because we have been there and […]
    • Beauty in Simplicity Chapter IV – The Final Verse April 25, 2008
      My family lives in a small, rural town in Southern Indiana. We are surrounded by a soy bean field with hundreds of sprawling acres across the street and a large lake that adjoins our property in the back. Sounds nice, right? Why am I so discontented?What is it that continues to drive me toward always […]
    • Beauty in Simplicity Chapter III – The Endless Road April 24, 2008
      I began writing about the subject as a result of my daughter and I going on a field trip to our county 4-H last week. All the modern day farmers talking about raising chickens, cows, rabbits, and living off the land made me yearn for a life like that. This is my journey…The truth is […]
    • Beauty in Simplicity Chapter II – What’s in the Box? April 23, 2008
      In his book, Halftime, author and successful businessman Bob Buford comments on the purpose of money in the following manner: Mike Kiami is a strategic planning consultant. He is brilliant. He is intuitive. He is demanding. He slices through all the pretense and posturing, and hones in on the core. He does not believe in […]
    • Beauty In Simplicity – Chapter 1 April 22, 2008
      “Stop this train, I want to get off!” – Vanilla Ice Yesterday I touched on the fact that I am soul searching for the simple life. My wife and I used to think the Amish had the answer. I now know, as I mentioned, that I do not have to buy a farm and work […]
    • A Rabbit Meat Shortage, The American Consumer, and Something About The Simple Life April 21, 2008
      I went on a field trip with my 3rd grade daughter this past week to our county 4-H. I learned a lot about farm animals. It was quite amazing because I saw the farmer of today and even with all the modern technology, (like a $280K combine that has a stereo, GPS system, and two seats) it […]
    • How To Not Blow Your Tax Refund April 2, 2008
      In my previous post I wrote about the importance of filing even when you owe. Today I am going to give some helpful tips on preparing for your refund. Whether you are getting $500.00 or $5000.00 it is human nature to spend your money two or three times before it even hits the bank. I would encourage […]
    • How To Proactively Protect Your Identity March 26, 2008
      Freecreditdusters.com has a great article on ID Theft – Check it out
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Dinkytown.com – the coolest little website this side of texas!


There is nothing dinky about dinkytown.com. This is the mecca of online calculators. Do you want to know how long it will take you to pay off your mortgage? At what age you will be a millionaire? What about how much you will owe in taxes this year? If you can think it then you can dinkytown it!

Hope you enjoy!


Collection Companies up to their same old tricks


 I consider myself to be a person of mild character. I am laid back and do not let many things ruffle my feathers, but the call I received yesterday changed all of that.

A few months ago a very motivated couple signed up on our subscription based service. The wife had been a victim of identity theft by her own daughter which put them in a financial bind. They were excited to get stared because they realized they had several thousand dollars coming to them in the form of a tax refund. 

We began working on their credit file immediately and were able to get many items deleted off of their credit report just from the first round of disputes. Many of these items were not truly theirs but as a result of the fraud. There were several medical bills on the husband that we were able to have deleted due to the fact that his insurance was supposed to pay it.

the next step was for our clients to get a line of credit. You are going to hear me beat the drum on this one because without this piece of the puzzle it is almost impossible to rebuild your credit. Part of the rebuilding process is actually establishing good lines of credit. They applied for the Orchard Bank Card and they were approved for a secured line.

Two weeks ago they received a letter from one of the collection companies offering them a “Settlement for less than the full balance”. They were ecstatic because this was one of their big monkeys that they were hoping to pay off with the tax refund. It was the perfect amount and I confirmed it over the phone with the collector (who was not kind, even on a good day). They sent in the exact settlement amount by the agreed day. All is well, right?

Unfortunately, the story gets ridiculous. A few days later they receive a letter from the collection firm stating that they received their $1,200.00 payment, and now they owe $600.00. The alarmed couple called the collection company to alert them of this error, but were told that the “settlement amount” was simply applied to their bill and that the collection company would continue to collect the remaining amount, even though the couple had been supplied a settlement letter and had complied with all requests. After several phone calls and a nasty letter, they are still in the same boat.

Thankfully, our clients were able to get the settlement letter and proof of payment to us. Each and everyday the credit card collection industry does this as a regular way of doing business. This is their business practice. Their entire objective is to get you to pay them and they will do whatever it takes for that to happen. Even if it means breaking the law. Consumers need to know they have an advocate so their voices can be heard above the noise of collector harassment.

Originally posted on http://freecreditdusters.com/2008/03/18/sully-report-the-collections-rats-strike-again.aspx

FreeCreditDusters.com is LIVE!!!


Our team has been working on this site for over three months and we are proud to unveil it.

FreeCreditDusters.com is a complete resource for financial guidance and credit education. You can read more about what we do or even listen to our podcast. You can listen online or download it to your computer. We are very excited about this new tool and hope you enjoy it. Check it out!


 Matt Sullivan

Zombie Debt: Coming now to a Credit Report near you!

Zombie   Did you ever see Night of the Living Dead when you were a kid? I am not talking about the new one – I am talking about the original. The 1968 George A. Romero’s cult classic. It is black and white with ketchup laden cannibals. It has no plot and it lacks rhyme or reason , yet it terrifies me to this day.

Speaking of cannibals and having no rhyme or reason – we are going to discuss collection agencies (The carcass feeders) and their business practices (the lack of reason).  Look, I understand that if I do not pay a bill then it should go to collections, but at what point am I still tracked down for the demons of my past.

However, collecting on old debts is a rapidly expanding industry. This year a whopping $110 billion of such debt is expected to be sold to collection agencies, up from virtually nothing 10 years ago. Aggressive companies can buy charged-off credit card accounts from the original lenders for pennies on the dollar or less. Then, they use credit-scoring and other new technologies to identify which debtors are most likely to pay.

The players in this “junk debt” market range from fly-by-night outfits to well-established companies funded by Wall Street investors.  Many credit card companies have started selling delinquent accounts to collectors to boost quarterly earnings, according to a report by Kaulkin Ginsberg, a Rockville, Md.-based adviser on debt collection.

On face value, companies can make a profit if they can get debtors to repay even a tiny fraction. Along the way, some collectors realized they also could squeeze money from people who didn’t even owe it. Some consumers pay because their finances are so disorganized they don’t realize the debt isn’t theirs. Others are coerced into paying by illegal threats of lawsuits or ruined credit.

The consumer does have some protection: Six years after a debt goes into default, the collector no longer can sue to collect. And after seven years, the debt can’t be shown on a consumer’s credit report.


However, efforts to collect old debt are legal, as long as the collector doesn’t threaten to sue or report the debt to a credit agency.  


The best thing you can do is to keep an eye on your credit by joining a credit watch service.  We recommend using True Credit they are a great service that provides a complete credit report with all three bureaus and scores for $14.95.

The hits keep comin’ – S&P seeks comments on mortgage proposal

NEW YORK (AP) — Credit rating agency Standard & Poor’s said Tuesday it is requesting comments from mortgage and investment market participants on its proposal to have issuers provide more detailed information on mortgage-backed securities.

S&P is proposing a plan that would require any issuer of mortgage-backed securities to provide more detailed information on a loan-by-loan basis so the rating agency can better judge the security.

Defaults among mortgages, especially subprime mortgages given to customers with poor credit history, have increased sharply in recent months. Those defaults have called into question ratings agencies’ ability to accurately rate the securities. Ratings agencies have been slashing ratings on bonds backed by mortgages for months, which has forced banks to cut the value of those holdings.

S&P is accepting comments until Feb 22 and is scheduled to institute any new requirements by April 1

He lives…no really!

Wow! It has been a crazy November thus far. I am not complaining because business is good. I am putting the finishing touches on our new affiliate Reward Program. We have some really cool stuff planned to support and educate those who send us referrals. I encourage anyone who has thought about earning some extra money to sign up for our Credit Dusters Rewards Program. It is FREE to join! Check it out – Click Here


Matt Sullivan, CEO / Credit Dusters, Inc.

How a secured credit card can help you rebuild your credit score.

I received an email today from a Loan Officer asking me about the mechanics of a secured line of credit in building a persons credit. It was an important email and so I share with you my response:   

The concept of the Secured Line of Credit is a perfect way for the client to “legally” manipulate their credit score and get a huge (sometimes 65 -75 points) increase in a short period of time. I recommend using a bank issued card as opposed to the Orchard Banks of the world. US Bank (http://www.usbank.com/) is an amazing secured card due to the fact that they will automatically increase the limit over time, they report to all three credit bureaus, and they respond the fastest. The only downfall is that the borrower cannot have had a BK. However, we have had good success with Capital One unsecured cards. Your clients can go on line to http://www.capitalone.com/ and receive an approval within 60 seconds.

We tell our client on the secured lines that it is their money and that they should not max it out and that it will hurt their score if they go over the limit, but sometime they only hear what they want. When the client receives the secured card they need to only put $30 dollars on it and pay it off at the end of the month. It usually takes 60 days for it to report, but it is a big part of the repair strategy. We have seen amazing results in tandem with our repair and rebuilding efforts.