Debt Consolidation

Three Great Ways To Negotiate With Debt Collectors

It is true that there are laws to protect consumers’ rights when it comes to collection of debts, but despite that, dealing with debt collectors has never been an easy task. The best way to deal with them is to repay the outstanding dues. But, if you are not in a kind of financial situation, where you can afford those monthly payments, a wise strategy is to negotiate with the agency that has been authorized by your creditor to collect debts. Just showing the right attitude that you are willing to make the repayment will make things very easy for you. ...Read more>>

Fair Debt Collection Practices Act

When it comes to dealing with the harassments caused by debt collectors, it pays to have knowledge about what the Fair Debt Collection Practices Act has to say in this regard. As per this act, consumers have been given certain legal rights when a creditor hires an agency to collect debt. When you skip many monthly payments on a debt, you are likely to start receiving calls from debt collectors. Sometimes, these calls can turn out to be very harassing. Many agencies even visit the debtors’ home and harass them and their family members psychologically and even physically. All such attempts to recover debt are illegal. In order to stop such practices, the FTC (Federal Trade Commission) passed the FDCP Act. ...Read more>>

Debt Collector Laws Protect You From Debt Harassment

Many people with debt problems don’t know that the Federal Trade Commission, the government’s consumer protection agency, has debt collector laws that prevent harassment from debt collectors. If you have taken out one or more high-interest payday loans and have fallen behind on your payments, your creditors are probably making repeated attempts at payday loan collections. These can include telephone calls, letters, emails, and other attempts to contact you. Some debt collectors have been known to overstep the boundaries of the law in their attempts to get payment on a loan or debt. ...Read more>>

Debt Collector Laws – Practices That Are Off Limits For Collection Authorities

When creditors fail to collect debts from borrowers, they hire some professionals for collection. But, there are certain debt collector laws applicable in this regard to regulate the kind of activities these collection authorities may and may not get involved in. There are certain practices that are prohibited under the law. ...Read more>>

US Laws Regarding Credit Card Debt Collection

The US laws have several legal provisions to protect the rights of the consumers when it comes to credit card debt collection. Where The Federal Trade Commission (FTC) passed the Credit Card Act (CCA) in 2009, The Fair Debt Collection Practices Act (FDCPA) has been there since the year 1977. The CCA regulates the charges and fees that might be associated with credit card balances. The FDCPA, on the other hand, has been designed specifically to regulate the activities of debt collection agencies. There is also a statute of limitations that restricts the time frame during which a debtor may be sued for the payments. ...Read more>>

Legal Rights Of Consumers As Per Debt Collection Law

The United States of America has enacted some of the toughest laws to protect its citizens when it comes to collection of debts. As per the US debt collection law, consumers have been given certain legal rights. It is important for you to keep in mind that the process of collecting debts is not illegal. It is just that the agencies that offer these services should not harass or threaten debtors by any means. If they do so, they do it illegally. Legal actions can be taken against them for this. ...Read more>>

Debt Collecting – 5 Frequently Asked Questions

There are certain laws in the United States of America that have defined which practices are allowed and which ones are prohibited when it comes to debt collecting. As per the Fair Debt Collection Practices Act (FDCPA), the Federal Trade Commission (FTC) prohibits collection agents from using deceptive, unfair, and abusive practices against consumers. Following are five frequently asked questions regarding the provisions covered under this Act. ...Read more>>

A Step-By-Step Guide To Deal With Debt Collectors Harassment

As per the laws in the United States of America, debt collectors harassment is considered as a serious offence. There are certain practices that are considered unfair as per the Fair Debt Collection Practice Act. If you are being harassed in any manner by collection authorities or by creditors, the first step is to find out what activities fall under the legal definition of debt collection harassment. Once you are well aware of your legal rights, you can follow these steps. ...Read more>>

Follow These Suggestions While You Talk To Debt Collectors On Phone

There can be situations when you may have to talk to debt collectors. The debt collection experts use an array of strategies to catch off guard. They will try to intimidate you in several ways. Therefore, it is very important for you to learn how to handle them tactfully. Many debtors prefer to avoid such calls, which is not the right strategy. After all, the laws have provided you certain legal rights and you must know how to use the same to protect you against such harassment. Always remember, just because you are unable to repay the debts, you have not done any crime. They may threaten you that they will send you to jail. You do not need to get scared of such threats. Following is a brief rundown on some of the tips and suggestions that you will find useful when it comes to dealing with debt collectors, especially on phone. ...Read more>>

Understanding Debt Collection Statute Of Limitations

In every state of the United States of America, there are certain laws regarding debt collection statute of limitations. As per these laws, if a certain period of time has passed since the date when the last payment was made on a debt account, the borrower can no longer be held liable to make the repayment. The exact period of time depends on the type of debts. Besides that, the limitations also vary from one state to another. These laws have been introduced with an objective to protect consumers from debt collection harassments. However, borrowers can make the best use of this protection only if they are well aware of the laws applicable in their state regarding this. The more informed you are, the better you can protect yourself. Following is a brief rundown on some of the most important thing that you must know in this regard. ...Read more>>

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Payday loans fax-free payday loans and instant online payday loans are everywhere be it on the Internet newspapers or television. Today when the economy is in turmoil these loans look like the saving gra... Read more

Do Not Put Up With Debt Collectors Harassment
There was an emergency and the need arose to take a payday loan. It seemed to be the fastest and the best option available then. However now the debt collectors harassment is horrendous. The fact that using t... Read more

How Debt Consolidation Loans Help
Debt consolidation loans help streamline all your various bills into one. Instead of handling several vendors and keeping track of various payments each month debt consolidation loans consolidate all such bill... Read more

How To Get Rid Of Payday Debt Collecting Agencies
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How To Pick The Best Debt Consolidation Company
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What are the pros and cons of debt consolidation?