Can you dispute a collection?
February 10, 2015 by elegant · Leave a Comment
Erroneous collection notices do occur. Some even find false or outdated collections on their credit report. Can you dispute these errors as well as collection notices? If so, how do you do it?
The Fair Debt Collection Practices Act (FDCPA) is a US law to protect the rights of debtors. It contains standards for collecting a debt and verification of debt for individuals. Under the law you have 30 days to file a dispute from the day you receive a collection notice. If a debt is in dispute, agencies are prohibited from reporting a collection to a credit bureau.
This law doesn’t cover business debt obligations. But if the debt is in your name and you run your business and file your tax return under your personal name, you may be covered under the law.
If a delinquency appears on your report after seven years from the original delinquency, it is against the law and not valid. Delinquencies that do not belong to you could show up on your credit report impacting your credit. If the debt is not yours or has passed the legal time period allowed for reporting, you can simply contact the credit bureau for removal. If a collection of a debt doesn’t belong to you shows on your credit report you need to deal with each bureau separately.
The Commodity of Culture
February 4, 2015 by admin · Leave a Comment
We don’t often think of culture as a commodity, but it influences many of our choices in modern life. The place we live, what we have access to and what those elements influence us to do all play a role in the culture of a particular group. It’s easy to view consumerism as something negative. For some, third-world countries that do not rely on products and services to sustain themselves represent some purer form of life.
Culture could not exist without consumerism. High art, which represents one of the finest modern examples of culture, would not exist without a museum to purchase and display it. The museum in turn would not exist without benefactors to fund it and individuals to frequent it.
There is a misconception that those who turn away from this grassroots form of life are somehow exhibiting low political moralism. No one wants to see folk culture vanish, but people evolve. The truth is that there is value in one’s culture.
Culture influences art, which is a product that can be bought and sold. Culture drives fashion and religion. It helps people learn and process the world around them, and share that experience with others not there to see it.
Culture also cannot be thought of as stationary, otherwise there would not be so many origin stories that explain planet Earth. Culture evolves with human understanding. Thus, as societies conform to modern living their cultures impact and are impacted by those changes.
About the Author: Phineas Upham is an investor at a family office/ hedgefund, where he focuses on special situation illiquid investing. Before this position, Phin Upham was working at Morgan Stanley in the Media and Telecom group. You may contact Phin on his Phineas Upham website or LinkedIn page.