Have you ever been contacted by a Debt Collector and wondered why they are calling you and how in the world they got your number? In this post, I will attempt to explain the Consumer Debt Collection process and what to expect when they start contacting you.
Tag: common collection practices
Dirty Tricks of Debt Collection: How to avoid Debt Collector Tricks
All too often, individuals who are struggling with their debt fall victim to debt collector tricks and scams—all because they aren’t aware of the laws that exist to protect them. The Fair Debt Collection Practices Act (FDCPA) was enacted to protect people from the unfair, deceptive and abusive tactics that many companies were using in… Read more »
Don’t make these MISTAKES dealing with collectors!
STOP! Don’t make these mistakes dealing with collectors! Dealing with debt collectors rarely is a pleasant activity. They call you up at all hours of the night, send you nasty letters and make your life a living nightmare. Bad as it may seem, you can only make it worse by making one or more of… Read more »
Common Collection Practices of Collectors
If you are delinquent on paying your credit cards, you no doubt have learned how ruthless collectors can be.
HELP! Can a debt collector leagally call my neighbor?
It is one thing to “love thy neighbor”, but it is quite another thing to share financial information with the folks next door. However, we get calls from people all the time looking for help because their creditors have started calling their neighbors, parents, siblings etcetera.
What Can I Do to Prevent a Wage Garnishment?
A collector threatens you with a possible wage garnishment. What can you do?
What is Fair Debt Collection?
I’ve been getting abusive calls from collectors and want to know: “What are the rules of Fair Debt Collection?” The Federal Trade Commission (FTC), is the nation’s consumer watchdog and enforces the Fair Debt Collection Practices Act (FDCPA). The FDCPA covers almost all debts, but doesn’t cover debts incurred to run a business.
Are Stipulated Agreements a good deal?
If a judgment has been entered against you for a delinquent, unsecured debt, you may be offered a stipulated agreement.
Hardship Plans…BE CAREFUL !
You are late or behind on your credit card payments. The agent calls and tells you about Hardship Plans. Is this a good deal?
How to Stop Collection Calls
How to Stop Collection Calls
Common Collection Practices
Common Collection Practices Although the Fair Debt Collection Practice Act (FDCPA) was passed in order to protect a consumer’s rights during the collection process, many collection agents violate the law and you should be aware of what a collector can and cannot do.