Debt collectors often act in ruthless ways that can create immense stress in your life, and some debt collectors even run afoul of the law and break the rules of the Fair Debt Collection Practices Act (FDCPA) in their zeal to obtain money from debtors (whether or not the money is actually owed). The coronavirus […]
Is It Possible to Negotiate With Debt Collectors & Creditors?
No one wants to get into financial trouble, but there are many reasons the average person may get into trouble with a creditor or have a debt sold to a debt collector. Medical bills, the loss of a job, poor financial decisions, and economic turmoil can turn a person’s bills into an unsustainable mess where […]
New Rules Proposed for Debt Collectors
Many economic indicators suggest the economy is in a period of growth and improvement, but millions of Americans remain tied to heavy debt loads and an inability to pay for basic needs each month. Despite the federal government’s rules for the proper behavior of debt collectors when collecting debts, abuses regarding debt collection have remained […]
What Debt Collectors Can and Cannot Do
If you owe debts you can't pay and have been on the receiving end of phone calls from debt collectors, you might be considering a step like bankruptcy or figuring out how you can negotiate with debt collectors. If debt collectors are harassing you while you're attempting to get your finances back on track, it's […]
