Credit Repair
Transferred Debts Must be Clear in Debt Collections
It is not uncommon in the world of financial insecurity around us for businesses to sell debts to each other when a business closes or is bought. Any major retailer that goes out of business doesn’t simply lose all of the money owed them on credit cards and so forth, this money is usually tied… »
You Have a Right to Dispute Debts
When you are dealing with a debt collector it can sometimes feel as if the cards are stacked against you and nobody is on your side. While this is a fair feeling to have and the feeling is supported by most of the evidence, it is not true when the government comes in to play. … »
Your Debt Collector Must Tell You the Amount of Your Debt
The economy today has devolved to the point where it is more commonplace than almost ever to run in to people dealing with creditors or debt collectors. Not having a job and dealing with possible foreclosure makes the everyday activities seem less impactful and sometimes you lose track of what you actually owe a creditor. … »
Debt Collectors Cannot Deceive You in the Mail
When you are in the process of dealing with a debt collector there are bound to be communication gaps due to the nature of the relationship. Creditors and debtors generally have a lack of communication and that is the reason the issue is with a debt collector, so some is understood. What is not normal… »
Debt Settlement Must be Timely in Communication
When you are in the process of settling outstanding debts with creditors it is in the best interest of both parties to settle the debts quickly. You are not required to act in in certain type of fast manner, but doing so will only help you and the creditor avoid a costly drawn out dispute. … »
Debt Collectors Cannot Cost You Money
When a debt that you owe is being collected it is possible that you will be contacted by phone by the debt collector. The debt collector does have the right to call you just as you have the responsibility to make good on the promise of repaying your debt. However, when this debt is being… »
There are Payment Rules for Debt Collections
When you are contacted by a debt collector in relation to your debts you are usually offered an amount to settle the debt that is less than the actual debt. The creditor that you owed the debt to will then write off the remaining amount on their taxes and move on to the next person. … »
Unfair Practices Outlined for Debt Collectors
Debt collectors must abide by a set of guidelines set forth by the Fair Debt Collection Practices Act or risk sanctions by the government. These rules were set to protect you, the consumer, from being threatened or pressured into decisions that you do not feel comfortable with. Part of this act is to outline specific… »
Debt Collection Must be Honest
Certain terms and job types don’t immediately evoke the images that you want to have of the job or of any other type of identity. The role of a debt collector is not one that evokes fun and lovely memories for anybody and this is why they are ignored and mostly treated poorly. If you… »
The Collection of Your Debts is Not a Legal Process
When trying to collect the debts that you owe it is no secret that debt collectors will try any old trick under the sun. No stones will be left unturned and the pressure will continue to mount as call after call comes from the debt collector. What you may not realize is that some of… »