Q & A On Your Rights Under The FDCPA

The Fair Debt Collection Practices Act (FDCPA) prohibits debt collectors from using abusive, unfair, or deceptive practices to collect from you. Under the FDCPA, a debt collector is someone who regularly collects debts owed to others. This includes collection agencies, lawyers who collect debts on a regular basis, and companies that buy delinquent debts and [...]

By |2020-09-22T13:36:09+00:00September 22nd, 2020|FCDPA, Finance, Financial|0 Comments

KNOW ABOUT DEBT COLLECTION REGULATIONS

Collecting a debt is often more complicated than it may appear, especially with the glut of state and federal regulations impacting the debt collection industry. Two of the most prominent debt collection regulations affecting the industry are the Telephone Consumer Protection Act and Fair Debt Collection Practices Act, both of which have seen enforcement expansions [...]

By |2020-09-14T12:50:23+00:00September 14th, 2020|FCDPA, Finance, Financial, Leasing|0 Comments

What are Time-Barred Debts?

If you have old debts, collectors may not be able to sue you to collect on them. That's because debt collectors have a limited number of years — known as the statute of limitations — to sue you to collect. After that, your unpaid debts are considered "time-barred." According to the law, a debt collector [...]

By |2020-09-08T14:29:44+00:00September 8th, 2020|Finance, Financial, Insurance, Leasing|0 Comments

SETTLING CREDIT CARD DEBT

If you've maxed out your credit cards and are getting deeper in debt, chances are you're feeling overwhelmed. How are you ever going to pay down the debt? Now imagine hearing about a company that promises to reduce – or even erase – your debt for pennies on the dollar. Sounds like the answer to [...]

By |2020-09-01T22:46:57+00:00September 1st, 2020|Acquisitions, Finance, Financial, Insurance|0 Comments

Paying Down Credit Card Debt

Credit card interest rates and minimum monthly payments affect how long it will take to pay off your debt and how much your purchase will cost you over time. Real World Examples Suppose when you’re 18, you charge $1,500 worth of clothes and DVDs on a credit card with a 19 percent interest rate. If [...]

By |2020-08-26T23:53:57+00:00August 26th, 2020|Finance, Financial|Comments Off on Paying Down Credit Card Debt

AVOIDING DEBT-RELIEF SCAMS

If you’re looking for a way to manage your debt, the last thing you need is to get ripped off by a company that promises to help. According to the Federal Trade Commission, that’s what happened to people who paid hundreds of dollars each to Southeast Trust, LLC. The company contacted people through illegal robocalls [...]

By |2020-08-13T12:12:26+00:00August 13th, 2020|Finance, Financial|Comments Off on AVOIDING DEBT-RELIEF SCAMS

DO’S AND DONT’S IN HANDLING DEBT COLLECTION CALLS

Calls from debt collectors can be overwhelming and intimidating. But learning some do's and don'ts about handling debt collector calls—and understanding your rights when it comes to debt collection agencies—can ease your anxiety. More importantly, by knowing what to do and say when a debt collector calls, you can avoid making a mistake that could [...]

By |2020-08-06T02:51:52+00:00July 28th, 2020|Finance, Financial|Comments Off on DO’S AND DONT’S IN HANDLING DEBT COLLECTION CALLS

HOW TO MANAGE YOUR BILLS DURING COVID-19 PANDEMIC

COVID-19 has thrown the economy into a tailspin. Many people have been laid off, furloughed, or are working fewer hours. And as wages dry up, bills can pile up. Debt can be tricky – especially when you have more months than money. Here are some ideas about how you can manage your debts and start [...]

By |2020-07-14T02:36:41+00:00July 2nd, 2020|Finance, Financial|Comments Off on HOW TO MANAGE YOUR BILLS DURING COVID-19 PANDEMIC

TIPS ON HOW TO DEAL WITH DEBT COLLECTORS

Highlights: Educate yourself about your rights. Take your head out of the sand. Find a consumer lawyer. Keep copies and records. Safeguard bank accounts. Don’t make it too easy. Record conversations. Get it in writing. Certify that mail. Consider a debt management plan. It’s something most consumers dread – a debt collector calling to ask [...]

By |2020-07-14T02:35:38+00:00June 11th, 2020|Finance, Financial|Comments Off on TIPS ON HOW TO DEAL WITH DEBT COLLECTORS