Downside of Talking To Collection Agencies
What can go wrong when you have a conversation with employees from collection agencies? Plenty. This is not to say that you should not communicate with employees from collection agencies when they contact you about a debt, but you should think very carefully about what you say to them. You need to remember that they [...]
Protect Yourself From Debt Collectors
You have an obligation to repay your debts, even if you have fallen on hard times. However, you don’t have an obligation to be harassed, to be threatened, to be treated badly. The Fair Debt Collection Practices Act offers protection to consumers who have borrowed money. This does not mean that you can, or should, [...]
Old Debts And Your Obligations
If you are contacted about a very old debt that you owe, it is very important that you do not act hastily. And here’s why. Every debt has a statue of limitations. If the debt is more than six or seven years old, in some states, the debtor no longer has the legal ability to [...]
Dealing With Debt Collection Agencies
If you are at a point where you have turned over your debt to debt collection agencies, here are some things that you should know. Debt Collection agencies are not allowed to threaten you. They are not allowed to publicly humiliate you by sending letters which state on the outside of the envelope that you [...]
Debt Collectors And Your Rights
Debt Collectors have the right to pursue debts that you legitimately owe, but they do not have the right to be abusive. Consumers have a number of rights that are very clearly spelled out under the Fair Debt Collection Practices Act. Debt Collectors are not allowed to contact other people and tell them that you [...]
