Debt collectors have a vested interest in the money they get you to pay on your debts. Collecting this money is how debt collectors make their own money so it should not be surprising to find that they will sometimes use tactics that are considered ‘dirty’ tricks to get you to pay up. Even when [...]
You’re enjoying a pleasant dinner with your family, and the phone starts to ring. Before you even pick up the receiver, your heart starts pounding and your blood pressure begins to spike. Why? You know the caller is about to ask you to pay a debt that isn’t yours. Perhaps you have the same name [...]
In today’s turbulent economic times, debt collectors are becoming more aggressive than ever before. Anyone who has fallen behind on credit card debt, medical bills or a home mortgage knows that unsettling feeling of hearing the phone ring at dinner or seeing a 1-800 number appear on the caller ID. Consumers Have Rights Unfortunately, many [...]
Many consumers have managed to survive the recession and weak economy in the last few years, however most have done so with a struggle. Individuals who previously had no experience with debt collectors and their antics may have been surprised by the tactics used to collect delinquent payments. While many consumers are back on their [...]
Well, here’s another phone call from the debt collection folks and this time they’re threatening legal action. This legal action – they say – will result in your wages being garnished or collected from your assets. In reality, a debt collection cannot threaten to take you to court. In fact, the collector is actually violating [...]
Debt collection and it’s collectors are regulated by the U.S. Fair Debt and Collection Practices Act (“FDCPA”). These regulations disallow a collector from “harassing, threatening, and lying” to the person from whom they are attempting to collect a debt. As too many people have discovered, this is not always or usually the case. What Collectors Cannot [...]
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 [...]
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 [...]
Many people who are struggling with high debt balances tend to avoid reviewing their credit report. After all, who needs to be reminded that debt is overtaking their life? Well the cold hard truth of the matter is this; everyone needs to know what information has been reported to the credit bureaus in the event [...]
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 [...]
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