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What Happens during the Collection of Debt

If you have debts to pay for your credit cards, student loans, mortgages or car payments, you should be diligent about making the required payments If you repeatedly miss payments, your account may be turned over to an agency for the collection of debt Once your creditor has grown tired of pursuing you for payments, the collection agency will assume all the responsibilities related to the co.....More on Federal Debt Collection Practice Act

The Debt Collection Law: What You Need to Know if You are in Debt

Under the Fair Debt Collection Practices Act (FDCPA), you are protected from the abusive actions of a debt collector No matter how much the creditor wants his money back, he needs to follow the guidelines of this debt collection law This law has special implications for you, your workplace and even your medical care The Debt Collection Law and Your Workplace The debt collection law, speci.....More on Federal Debt Collection Practice Act

What Fair Debt Collection Means to You

So, you may have missed some payments on your mortgage Or, you may have failed to respond to calls from your creditor Despite the fact that you may have failed to keep your end of the contract, you still have the right to be treated fairly during the process of debt collection Fair debt collection involves the use of proper tools to evaluate your situation It also gives you ample time to re.....More on Federal Debt Collection Practice Act

Dealing with Skip Tracers and Debt Collection

One of the biggest problems that debt collectors face is locating their debtors When a debtor moves to another house in another state, the collection agency often has no clue how to locate him So, how do collection agencies track runaway debtors The solution is easy � they hire skip tracers Skip tracers are people whose sole mission is to locate debtors who moved without giving their new .....More on Federal Debt Collection Practice Act

Fair Debt Collection Practices: What to Expect from your Debt Collector

The best way to protect yourself from harassment is to know the exact job description of your debt collector If you know the things that his job entitles him to do, you can keep better track of his behavior and take action when he violates your rights To know the debt collector’s job description, you need to have a thorough understanding of the 1977 Fair Debt Collection Practices Act This act.....More on Federal Debt Collection Practice Act

Going Through Credit Card Debt Collection

Americans abused their credit cards so much that the country’s credit card debt is now worth over $915 billion For credit card companies, the question remains � how do they pursue millions of people to collect billions of dollars worth of overdue payments So, the problem doesn’t stop at the debt In reality, credit card debt collection probably brings the biggest headache, both for the .....More on Federal Debt Collection Practice Act

Fair Debt Collection Practices Act: Dealing with Abusive Debt Collectors

In an effort to make you pay, some debt collectors may resort to unethical means They may falsely threaten you with law suits or repossessions They may call you incessantly or use derogatory language that will embarrass and humiliate you However, these things don’t have to happen The United States actually has a Fair Debt Collection Practices Act that protects individuals from the abusive be.....More on Federal Debt Collection Practice Act

Is a Debt Collection Agency Coming After You

Don’t panic A debt collection agency will not contact you if you miss a month or two of payments A debt collection agency is a creditor’s last resort This type of agency only enters the picture when your creditor has given up trying to collect payments from you So, what will drive a debt collection agency to your doorstep Here are a few of the common causes: Failure to respond to n.....More on Federal Debt Collection Practice Act

About Debt Collection Agencies

When you miss payments on your debts, you’re not the only one who gets into trouble Your creditors, the businesses that you owe money to, also feel the crunch For every month that you don’t pay, they will lose more and more money For smaller businesses, this can be devastating This is where debt collection agencies come in When companies find that pursuing you for payments is taking to.....More on Federal Debt Collection Practice Act

Creditors and the Debt Collection Letter

You may think that the debt collection letter that’s sitting in your mailbox is nothing but pain mailed directly to you However, you have to keep in mind that for every debt collection letter that is sent, the pain goes both ways � the creditor is desperate for payment for an overdue account and the debtor is scrambling for money to meet the due date of the payment So, just as much as the de.....More on Federal Debt Collection Practice Act

Debt Collection Practices: The Dos and Don’ts

It may be true that you do owe money to the debt collector who is standing at your door However, that doesn’t change the fact that you are still a client and you deserve to be treated fairly You have the Fair Debt Collection Practices Act to protect you This act will help you fight back when your debt collector displays actions that can be considered bad debt collection practices By under.....More on Federal Debt Collection Practice Act

Understanding Debt Collection

The words ‘debt collection’ bring a lot of panic and anxiety to individuals who are in debt It may be your student loans, your mortgage on your house or your car payments No matter what the debt may be, debt collection is something that every debtor has to face After all, your creditors and lenders need to get their money back So when you answer your door bell and you come face to face.....More on Federal Debt Collection Practice Act

RSS feed for Debt Collection Guide

﻿What Happens during the Collection of Debt

﻿The Debt Collection Law: What You Need to Know if You are in Debt

﻿What Fair Debt Collection Means to You

﻿Dealing with Skip Tracers and Debt Collection

﻿Fair Debt Collection Practices: What to Expect from your Debt Collector

﻿Going Through Credit Card Debt Collection

﻿Fair Debt Collection Practices Act: Dealing with Abusive Debt Collectors

﻿Is a Debt Collection Agency Coming After You

﻿About Debt Collection Agencies

﻿Creditors and the Debt Collection Letter

﻿Debt Collection Practices: The Dos and Don’ts

﻿Understanding Debt Collection