When it comes to dealing with debt and clearing your credit, what you don't know really can hurt you.
Can collection agencies come after you for debt that is years old? Yes, but what they can actually do is limited. However, a mistake on your part could be costly.
And you thought there was no downside to home ownership? You can actually hurt your credit if you miss these details.
You paid off that debt or disputed those errors on your credit report, but they're still there. Now what?
You can turn the tables on the most annoying and intimidating collection agencies by taking some proactive steps.
Just like the Egyptians in the Old Testament, people with poor credit scores face hardships and difficult scenarios.
You think you're managing your credit responsibly, yet your credit scores dip -- or decline a lot. What's up with that?
VIDEO ON MSN MONEY
Copyright © 2013 Microsoft. All rights reserved.
Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.
Fundamental company data and historical chart data provided by Thomson Reuters (click for restrictions). Real-time quotes provided by BATS Exchange. Real-time index quotes and delayed quotes supplied by Interactive Data Real-Time Services. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by SIX Financial Information.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
MONEY & POLITICS
Breaking up big banks is an untested solution to the too big to fail problem that attempts to isolate and dismantle large, troubled institutions while protecting the rest of the economy.
The IRS is struggling to combat identify thieves who file fraudulent tax returns in the names of older residents who don't need to file.