Fair Debt Collection Practices Act: An Explanation
If youve ever gotten behind on your bills, you know that debt collectors are relentless in their efforts to get the money you owe. Sometimes, their behavior borders on harassment. If youre getting calls from a creditor or collection agency, its important to know that you have certain rights. These rights are outlined in the [...]
Debt Collection Statute of Limitations
If you fail to repay a debt in full, it doesnt just disappear. Its usually sold to a collection agency, who may hound you about it for years. If that agency doesnt collect payment, they may pass it on to another, and that agency may pass it on to another. And you may still get [...]
Five Tips for Dealing with Debt Collection Agencies
When debt collectors start calling, we might consider throwing the phone out the window. But thats not the best way to deal with collection efforts. If you ignore them, they will keep calling for months or even years on end. And no one wants to live in fear every time the phone rings. Debt collectors [...]
Debt Handling – Bankruptcy What To Consider Before Filing
Debt Handling – Bankruptcy What To Consider Before Filing Some people think of bankruptcy as an easy way to offload a crushing debt burden, and it’s sometimes the first method they reach for. Well, it may well relieve the burden, but it’s far from easy and should be the very last thing you use to [...]
Debt Handling – How To Deal With Debt Collectors
Debt collectors ringing your phone off the hook and sending intimidating letters can frazzle anyone’s nerves. But you have various forms of protection and many techniques available to deal with them. The Fair Debt Collection Practices Act sets guidelines for what debt collectors may or may not legally do when attempting to collect a debt. [...]
