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When in a tough financial situation, outstanding debt can be an issue for months or even years. When you owe money to a creditor, the amount you owe will not disappear over time. However, creditors cannot take certain actions when it comes to old debt. Understanding...
When it comes to debt collection, creditors can pursue individuals to recoup money owed. However, there are certain laws in place that dictate the types of practices creditors can use. Accordingly, the Fair Debt Collection Practices Act prohibits creditors from...
Understanding the limits to which a debt collector can legally act is an important step in figuring out how to tackle a situation of debt. This includes knowing your protections under the Fair Debt Collection Practices Act. Defining misrepresentation The Consumer...
If you use social media to keep tabs on family members, friends or celebrities, you certainly are far from alone. In fact, according to the Pew Research Center, more than 70% of Americans say they regularly use at least one social media platform. For many, a major...
The Fair Debt Collection Practices Act governs actions that bill collectors may and may not take when contacting debtors. As noted on the Federal Trade Commission’s website, collection agents may not call collect, which may result in your paying extra charges for...
When debt collectors follow up on a debt, they can implement some intense or even outright bizarre tactics in an attempt to get their money. However, the Fair Debt Collections Practices Act (FDCPA) prevents them from acting in certain ways that could constitute as...
As of November 30, 2021, debt collection agents have the right to contact debtors through social media accounts. According to the Consumer Finance Protection Bureau, bill collectors must, however, follow certain rules under the Fair Debt Collections Practices Act. If...
