Debt in America
Obama Backing Cell Phone Calls From Debt Collectors
In an effort to collect a greater percentage of past due moneys owed for federally backed student and other loans, President Obama is lending his support to debt collection calls to debtors via cell phone. Allegedly disappointing both consumer groups and Democrats alike, the President claims this move will help debt collectors reach consumers at [...]
Read Full Post | Make a Comment ( None so far )Who is Responsible For Your Debt After You Are Gone?
What happens to your debts after you are gone? New rules put in place by the FTC geared towards protecting the rights of your loved ones who may be subjected to debt collector calls and letters regarding the debts of a deceased family member.
Read Full Post | Make a Comment ( None so far )How Debt Collectors Use Facebook to Harass
Many people find themselves in very bad economic situations; this leads to them not being able to pay their monthly bill payments. When people do not pay their bills for a few months their accounts are sent to debt collection agencies to get the creditors their money back. Debt collectors are known for calling people [...]
Read Full Post | Make a Comment ( None so far )What To Do When A Debt Collector Calls About A Debt You Don’t Owe
Debt collector problems are the most embarrassing problems you can have today. Did you ever get harassing calls or threats from a debt collector? Many people are experiencing debt collector problems, and in some cases the debt is not even anything they owe. There is nothing more irritating than to continually be contacted for a [...]
Read Full Post | Make a Comment ( None so far )Scare Tactics Used by Debt Collectors
There is possibly nothing more loathsome than a belligerent debt collector. Debt collector harassment is the leading complaint that the Federal Trade Commission receives. These collection agents often over step the law and break the rules set forth in the FDCPA (Fair Debt Collection Practices Act). The first tactic often used in debt collector harassment [...]
Read Full Post | Make a Comment ( None so far )Debt Collector Harassment – How to Protect Yourself
For millions of people, the recent economic slowdown has caused many to fall behind on their bills as they struggle in trying to maintain their current balances, while avoiding any kind of penalties. The results are that most people will inadvertently fall behind on some of their different bills. Then, when you add in the [...]
Read Full Post | Make a Comment ( None so far )Bankruptcy in Arizona: State Exemption Laws
Debtors who are faced with the prospect of Filing Bankruptcy In Arizona are more often given to the thinking that they could lose their home and other earthly possessions for paying off their creditors. But it does not happen that way. The Arizona state bankruptcy laws provide certain exemptions to probable bankruptcy filers and therefore debtors [...]
Read Full Post | Make a Comment ( None so far )Debt Collector Etiquette
Some debt collectors may act professionally while others don’t. If you have been contacted by an unprofessional collector, don’t despair. You have rights. Debt collectors must follow rules governed by the Fair Debt Collection Practices Act (FDCPA) when contacting you. Consider these general rules when dealing with collectors: • Debt collectors may not contact you at [...]
Read Full Post | Make a Comment ( None so far )Credit Card Issuers See Improvements in July
Five of the largest credit card issuers in the country reported lower charge-off and delinquency rates in July just as a separate report verified industry-wide improvement. Bank of America, Capital One, Citigroup, Discover, and JP Morgan Chase all said that charge-offs and delinquencies fell in their credit card units in July. Citi recorded the largest [...]
Read Full Post | Make a Comment ( None so far )Local Debt Collector Fined for Harassing Customers
Buffalo, NY (WBEN) — A local debt collection agency has agreed to pay a $125,000 fine, as part of a settlement with the New York Attorney General’s Office. Hamburg-based Lewis Hastie Receivables acknowledged that it violated debt collection laws by “harassing and intimidating consumers.” “Consumers did not receive verification of the debt,” Deputy Attorney General for [...]
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