American Business Collections Monthly Blog
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American Business Collections Monthly Blog


by ABC, LLC on 02/17/14

by Danielle Pergament

Regardless of your age or income, there are steps you can take to ensure you live comfortably - and without fear of debt. If you can answer each of the questions below, then you're on your way to financial security.

1. Are you making progress?
How much do you earn, how much do you owe, and how much do you own? Examine these numbers once a year to figure out if you're headed in the right direction. What you earn and what you own-mutual funds and your home's value, for example - should go up, and what you owe should go down.

2. What's your credit score?
This is a barometer of how responsible you are. A good score is 720; a great one is 760. If yours is below 660, you need t improve it. Pay your bills on time for at least six months, don't get any new cards, and use only 10 to 30 percent of your credit lines. The longer your relationship with a credit card company, the better - Never close a credit line six months before you want to buy a house or a car.

3. What are your interest rates?
Know the rates you're paying on credit cards and mortgages and what you're earning in interest, especially if those reates adjust periodically.

4. Are you saving?
To be prepared for both retirement and a rainy day, you need to save 10 percent of your pretax income from the time you first earn a salary. If you start late say around 35, you need to set aside at least 15 percent. In other words; Learn how to live on less than you earn.

5. What's your emergency plan?
In the event that something happens to your main source of income, you need a financial cushion of three to six months of living expenses.

6. What is your retirement goal?
Fidelity recently came up with a scale that says you need to have saved eight times your income by the time you retire. also has a calculator that tells you how much you should have at every year.

7. Are you risking too much?
As you get older more of your assets should be invested in bonds, which are lower risk. A good rule of thumb; The percentage of your portfolio that's in stocks should be roughly 100 minus your age. If you can remember to rebalance your accounts yourself, great. But if not, you should have money in a fund that readjusts automatically over time.

8. Are you protected?
If you have dependents, you need life insurance, and if you own a home, you need a homeowner's policy. Once you have assets, you should have a will as well.

9. Do you have a dream?
Studies show that if you have a tangible goal min mind, you're more likely to save for it. I have a photo of a house I want in Long Island - It's my dream beach house, and I may never own it, but I know exactly what I'm saving for ; )

About American Business Collections, LLC
Our Mission:
ABC, LLC is committed to successfully collecting the debt owed to you, as a third party debt collector operating on your behalf; we do so with the highest standards, and in the most professional manner. We have the utmost respect for you as our client, and seek to promote healthy business relationships with your customers...  All while following the guidelines set forth by The Fair Debt Collection Practices Act (FDCPA).
Our Terrotories:
The following are a list of States that ACB, LLC currently collects in ....
  • California
  • District of Columbia
  • Georgia
  • Iowa

  • Kentucky
  • Missouri
  • Montana
  • New Hampshire
  • New York
  • Ohio
  • Oklahoma
  • Pennsylvania
  • Rhode Island

Should your account be in a State not listed above, not to worry.

When you hire ABC, LLC, we will either acquire the appropriate licenses to collect in that State or ABC, LLC will send your case to an agency affiliate who is.
Other companies may offer similar services, but ABC, LLC services are the best, and come with a personal touch. 
At ABC, LLC we adhere to FDCPA:

The Fair Debt Collection Practices Act (FDCPA) was implemented by the Federal Trade Commission to insure that debt recovery agents do not use unfair, abusive or deceptive collection practices. All debt recovery agents must adhere to FDCPA rules or suffer penalties. FDCPA rules include abstaining from harassment, vulgarity or profanity and false identification. For a copy of the FDCPA please click on F.A.Q. link below:
Interested in learning more about how ABC, LLC can help you ?
Call us toll free ......     (888) ABC-4945

Any communication from this website and/or any other communication from an employee of ABC, LLC, either by correspondence or by phone,  is an effort to collect a debt. Any information obtained will be used for that purpose.
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With more than twenty years of experience in collecting debt, ABC, LLC  is adept at many methods of debt collection. Our diehard determination, along with our overwhelming enthusiasm for the industry, has made ABC, LLC a tremendous success as a full-service debt collection agency. 
ABC, LLC takes great pride in their Experience, Enthusiasm and Effectiveness!
Proud member of
ABC, LLC is a proud member of the American Association of Credit and Collection Professionals, as well as a member of the New York State Collectors Association. For more information about these organizations, please visit: