When the debt collectors come calling…it can be tough. When they begin to seriously harass or threaten you…it can be very frustrating and often scary. What can you do and where can you get free legal advice on debt collection practices? There are debt collection consumer advocates that can assist you, along with several books [...]
Debt collectors can strike fear in the hearts of anyone who has fallen behind on their bills. Dealing with daily collection calls can compound the stress, guilt and fear you already feel when dealing with a financial hardship. Contrary to popular belief, the majority of consumers who have fallen behind in recent years are not [...]
Most experts advise people who are struggling with debt and dodging bill collectors to make the first move to contact their creditors directly. Consumers are encouraged to offer either a lump-sum payment if possible or to schedule a payment plan that is more suitable to your needs. However, there are a lot of people who [...]
Sometimes, despite your best efforts to keep your financial obligations organized, there are things that simply fall through the cracks. Perhaps you have a payment owed to the doctor’s office that wasn’t covered by your insurance or a bill that you never received that went unpaid. In some cases, you may have actually paid the [...]
We all want to leave behind something for our loved ones to remember us by after we have passed away. One thing that we want to avoid passing on to our children or family members are high debt balances. Dealing with the passing of a loved one is hard enough, without having to inherit their [...]
Anyone who is currently or in the past dealt with debilitating debt knows the anger, frustration and sometimes fear that accompanies debt collection practices. It has often been said that debt collectors are people just like you or I, trying to do their job. Sadly there are times when these individuals or agencies for which [...]
For every situation in life there is a right way to respond and a wrong way to respond. In the case of financial decisions, making the wrong choices can often result in negative consequences down the road. One of the consequences you might face if you have managed your finances poorly or face a financial [...]
When a debt collector calls, the conversation can often be so disturbing that you can end up agreeing to something that you may later regret. Even debt collectors must abide by certain rules when trying to collect a debt. The Federal Trade Commission (FTC) outlines the Fair Debt Collection Practices Act (FDCPA) that governs debt [...]
Calls and other correspondence from collection agencies seeking payment for outstanding debts can be invasive and harassing in nature. There are certain rules and regulations collection agencies must adhere to or else face hefty fines. If you are on the receiving end of correspondence from a collection agency that is trying to collect a debt [...]
When dealing with collection agencies there are important tips to keep in mind. It’s important to know if the debt is actually yours and know if it’s a first-party or third-party collection. With first-party collections, a collection agency is hired by the lender. In the case of third-party collections, a lender writes off your debt [...]
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