Archive for July, 2010

It is scary enough to have to deal with debt collectors calling to obtain money that you don’t have, but having them claim to have government authority is almost worse.  The idea that someone is calling with the force of the government behind them could scare you into doing something you wouldn’t normally do.  This… »

Debt collectors are notorious for trying to get a hold of you or your family at the worst possible time to collect on debts.  The idea from the debt collector’s point of view is that they could coerce or harass you into finally making a payment just to stop the calls.  While this was an… »

The digital age is truly upon us and while this makes so many things so much easier it also opens us up to possible fraudulent activity.  Every time you give your information to an individual or business about you and your financial situation you are giving your contact information a chance to be unveiled.  You… »

Discussing money with anyone, regardless of if it is over the phone or in person, is never easy if the person is struggling to make payments or the like.  To do so usually means that you will have to endure some strong language and get pretty upset with the person that you are talking to. … »

Debt collection and the process of credit repair can be very intimidating and frustrating if you don’t know your rights.  Under the “Fair Debt Collections Practices Act” there are stipulations on when a debt collector can and should contact you.  So if you have an attorney and want them to handle everything for you can… »

People live in fear of debtors calling to collect on unpaid debts when there is no means of being able to repay the debt.  The thought of losing everything that you have worked for and everything your family knows is simply too much to bear for most people.  When it comes to debt collections, thanks… »

The federal government set forth the “Fair Debt Collection Practices Act” to protect you and other consumers from unfair collection practices.  It was finally realized that harassing people and threatening them into paying money by using fear tactics wasn’t good for the public health.  When these acts were put in to place it was to… »

So you know that you have the right to tell a debt collector to stop contacting you and, by law, they have to do so.  However, the government does realize that there are times that a collector might need to contact you a last time or two.  Here is the exact wording from the “Fair… »

Did you know that there are laws for debt collectors in how they must approach you about repaying your debt?  Believe it or not, it is not the wild west in the debt collection business as the government set forth the “Fair Debt Collection Practices Act” to reign in overzealous collectors.  For example, when you… »

The “Fair Debt Collections Practices Act” requires that debt collectors respect the privacy of the individual they are collecting against.  In addition, the debt collector must respect the social rules of etiquette when it comes to contacting you in certain places that are known to be an issue.  For one example, a debt collector cannot… »