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29th September 2009
1. Stop the Collection Calls: Instruct the debt collector to stop calling you at home or at work. Write them a letter if you can with those instructions and save a copy. If the calls continue, they have violated the Fair Debt Collection Practices Act by h... Read >
Author: creditlaw23rd September 2009
In many circumstances, the consumer has rights against the collector which might avoid the need for bankruptcy relief. One weapon is the Fair Debt Collection Practices Act or FDCPA.
The FDCPA prohibits contracts from third parties if the collector kno... Read >
Author: smithsbryan21st September 2009
At times it happens that you are not aware as to which would prove to be the right place of contact, and thereby falls into the wrong hands, where you are either cheated or charged with extra amounts, in that case your hunt might not give you proper resu... Read >
Author: kevin.craig15th September 2009
If you fall behind in repaying your creditors, or an error is made on your accounts, you may be contacted by a "debt collector."
You should know that in either situation, the Fair Debt Collection Practices Act requires that debt collectors treat you fa... Read >
Author: wbdoyle15th September 2009
If you owe money to a debt collection agency or debt collector, you need to know what they can and cannot do in order to collect monies owed to them. You have an obligation to pay what you owe, and the debt collectors have an obligation to follow the law... Read >
Author: wbdoyle31st August 2009
Telephone Common Sense
Credit repair offers several powerful techniques for dealing with collectors. Collectors are famous for high pressure phone calls. Here is a great way to manage those disturbing diatribes. You know better than to talk to stranger... Read >
Author: Ian Webber17th July 2009
Discover how to quickly and effectively stop constant phone calls, letters and ongoing harassment by persistent creditors, debt collectors and collection agencies without much effort, time and money. It isn't enough to just sit back and take ongoing haras... Read >
Author: HairCareHints10th July 2009
Discover how to quickly and effectively stop constant phone calls, letters and ongoing harassment by persistent creditors, debt collectors and collection agencies without much effort, time and money. It isn't enough to just sit back and take ongoing haras... Read >
Author: TopLawyer26th June 2009
There are so many rules out there. One can feel a bit tired of them all. But as we all know, these rules are here to protect us. Now, since the economic status of the world is in peril, consumers really need more protection. Knowing the credit card laws c... Read >
Author: J. Owens14th June 2009
Debt management facilities offer borrowers an effective way of dealing with their debt, and avail solutions to redeem their outstanding dues. One of the most beneficial aspects of debt management is a reduction in the monthly payments. Debt settlement pro... Read >
Author: Declan06th June 2009
The number of federal laws ostensibly designed to protect homeowners and borrowers from predatory or discriminatory lending is mind boggling. With the dozens of laws in place that were supposed to protect people buying homes and regulate the financial ind... Read >
Author: Nick Adama08th May 2009
The Fair Debt Collection Practices Act (FDCPA) is a federal law that has been created to protect consumers of credit from abusive actions of collection agencies that are attempting to pursue a debt. It provides important protections for homeowners and put... Read >
Author: Nick Adama07th May 2009
Are you getting calls from debt collectors? Threatening letters in the mail perhaps? These are two commonly used approaches used by collection agencies to intimidate you into paying up. It is important to know what rights you have in such a situation.
... Read >
Author: abraham27th March 2009
If you owe money on a loan, use credit cards, or are currently paying on a home mortgage, you are the “debtor”. If in the case you were to fall behind on repaying the creditors, you may be contacted by a “debt collector”. Sometimes if an error i... Read >
Author: Pauli09th January 2009
It can be frustrating when you fall behind on your payments and can't seem to get anywhere, especially if you try to deal with your lender in order to make payment arrangements. Then you start to get continuous calls from a debt collection services compan... Read >
Author: MIKE SELVON01st December 2008
On October 31st, 2008 an interesting case was decided in the United States District Court for the Southern District of California.
The scenario is as follows: The Tina's fell behind on their mortgage payments and Countrywide instituted a foreclosure an... Read >
Author: LoanmodificationstudioWebGuy22nd November 2008
Now is the Time for Credit Repair
The quality of your credit has never been as important as it is today. Lenders have tightened their guidelines and interest rates are now determined by new Risk-Based Pricing models; the lower your credit score, the hi... Read >
Author: Jim Kemish03rd November 2008
Do you get panic attacks every time you go to sleep at night? Does your telephone or mobile phone keep ringing non stop with an unknown number? If you are one of those who are constantly hounded and harassed by debt collectors, you know exactly what I'm t... Read >
Author: Debb Kellar15th October 2008
In 1978, the Fair Debt Collection Practices Act was added, as Title VIII, to the Consumer Credit Protection Act. Its purpose is to ensure debt collection is pursued fairly rather than abusively and to give consumers a way to dispute or validate the accura... Read >
Author: Joe Cline15th September 2008
The debt validation is the beginning of eliminating the account. Some say "a debt is a debt is a debt" and pay up. However, if the "owner" who has purchased the alleged account in a portfolio is junk debt and worthless - PROVE IT. The law says to prove it... Read >
Author: Next Level Unlimited08th September 2008
The Fair Debt Collection Practices Act or FDCPA was developed in order to protect consumers from being harassed by the collection agencies. It was observed that many consumers were choosing the option of bankruptcy being threatened by the debt collectors.... Read >
Author: Jason Holmes08th September 2008
Collection companies and creditors will put all their efforts to collect the debt from the clients of debt settlement program.
Debt settlement happens when the clients stop paying their creditors directly. Moreover, most of the debt settlement companie... Read >
Author: Vishal Verma02nd September 2008
If you have credit cards, chances are you may run into some debt at some point. And if you run up considerable debt, an official debt collector may contact you. Do not be afraid. Debt collectors are not evil, and there are rules that they have to follow. ... Read >
Author: Mike Peterson27th August 2008
Dealing with the dreaded debt collector has become easier with the advent of the internet. With just a few key strokes, a lot of patience and motivation, one can find all sorts of interesting information on dealing with collection agencies and their scoun... Read >
Author: David S21st August 2008
In the United States, in order to lessen the hassle and problem related to debt collection, the legislature enacted the Fair Debt Collection Practices Act.
What is Fair Debt Collection Practices Act?
Fair Debt Collection Practices Act is a U.S statu... Read >
Author: Mesriani Law Group13th August 2008
If that fails to solve the problem, there are professional bill collectors you can hire to take over the process.
Be aware, however, that federal and state laws govern the steps that third-party collectors can take.
The U.S. Fair Debt Collection Pract... Read >
Author: D.C. Fawcett23rd July 2008
So you have defaulted on a credit account. The debt collector calls and demands immediate payment of the debt. The debt collector then makes the following threat: “If you do not pay this debt by Monday at noon, we will garnish your wages, starting wit... Read >
Author: gregartim21st July 2008
A collection agency is a business that pursues payments on debts owed by individuals or businesses. The term collection agency is usually applied to third-party agencies, called such because they were not a party to the original contract.
The service se... Read >
Author: Christine Layug18th July 2008
If you have ever fallen behind on your credit cards you know that dealing with bill collectors can be an extremely frustrating and stressful experience. Government legislation such as the Fair Debt Collection Practices Act has forced the collection ind... Read >
Author: Jason M.16th July 2008
From what my clients have told me, this threat occurs with great frequency. The typical scenario is that the individual has defaulted on a credit account. The original creditor, be it Citibank or Capital One or whomever, fails in its attempts to get the... Read >
Author: gregartim14th July 2008
Credit Restoration Consultants basically is a credit service organization. They are basically specialized in the restoration of consumer credit worthiness and also identity theft if any. They are there to assist consumers and provide help to achieve a man... Read >
Author: Bill Hartzer30th June 2008
How do the officials at Allied Interstate Collection Agency treat consumers?
The section below highlights the various ways in, which the pending debt amount is recovered from the consumers.
8. They try to settle the debt amount and discourage consumer... Read >
Author: Jason Holmes20th June 2008
Violation of norms set by Fair Debt Collection Practices Act:
The FDCPA or the Fair Debt Collection Practices Act envisages that a debtor should not be harassed while debt collection. The FDCPA was framed to safeguard the rights of the consumers (debtors... Read >
Author: Jason Holmes18th June 2008
Collectors use both law and psychology in the practice of their craft. Many collectors operate legitimately, while others cross the line daily. Do you know your rights? A nationally recognized credit repair expert explains the correct way to deal with a c... Read >
Author: Jim Kemish04th June 2008
Those undergoing a difficult financial situation know how annoying debt collectors can be and how often they disrupt people’s life and contribute to increase the stress of an already stressful situation. Some of the practices that debt collectors use ar... Read >
Author: Lara Sawyer27th May 2008
A collection agency is a business that pursues payments on debts owed by individuals or businesses. Most collection agencies operate as agents of creditors and collect debts for a fee or percentage of the total amount owed.
Some agencies, sometimes refer... Read >
Author: Christine Layug09th April 2008
Debt collectors have become a new nuisance we will have to get used to. Besides knowing that there are some illegal practices you can report, there is not much you can do to stop the harassing calls and letters unless you are determined to solve your debt... Read >
Author: Devora Witts02nd April 2008
In today’s society it is very easy to get a credit card. Unfortunately, some people obtain too many credit cards, then cannot keep up with the payments. The credit card company sends you a notice of default, and threatens a lawsuit. Then, either the ... Read >
Author: gregartim02nd April 2008
If you owe money and have fallen behind on payments and a collection agency tries to contact you, familiarize yourself with the Fair Debt Collection Practices Act and your rights. The FDCPA covers all personal, family, household debts as well as money owe... Read >
Author: Sarah Kathryn K20th March 2008
One of the main concerns when dealing with bill collectors is knowing how to safeguard yourself and handle the debt collectors and not let the situation escalate beyond your control. There a few ways to do that.
There is an act that was designed just f... Read >
Author: Moses Wright31st October 2007
If you have debt and you’re living paycheck to paycheck, then you need to be aware of what could happen if you lose your job. When you miss a payment on a credit card or loan, then the companies you owe will start the debt collection process. Let’s sa... Read >
Author: Bob Guy27th November 2006
No one is free from becoming indebted, but people with impulsive behaviors and compulsive buyers are the most prone to fall into great amounts of debt. After this happens, specialized agencies start the collection process.
The most common collectors ar... Read >
Author: Debbie White06th July 2006
Flashing a credit card of some reputed company has become a way of life and a major style factor in recent times. It is a fashion statement with the youngsters. This is the magic of the advertisers to lure such innocent victims into the credit card trap. ... Read >
Author: Jim Glu16th November 2005
The business of debt collection has become very lucrative and the collection of "old" is on the rise. It would be wise to know your rights when it comes to getting collection calls for old debt especially debt that is excess of seven years and no longer a... Read >
Author: Marjorie Salada05th September 2005
HAVEN'T YOU WAITED LONG ENOUGH FOR YOUR MONEY?
By Jim Finucan
Tiare Publications Group
461words
Business-to-business debt collecting is a different ball game than
collecting from an individual debtor. Once things have gotten to the
point where... Read >
Author: Jim Finucan
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