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Fair Debt Collection Practices Act: Dealing with Abusive Debt Collectors

In an effort to make you pay, some debt collectors may resort to unethical means They may falsely threaten you with law suits or repossessions They may call you incessantly or use derogatory language that will embarrass and humiliate you However, these things don’t have to happen The United States actually has a Fair Debt Collection Practices Act that protects individuals from the abusive be.....More on Debt Collection

The Importance of Understanding the Debt Collection Statute of Limitations

Debt collection is covered by the statute of limitations The statute of limitations refers to the law that sets a deadline for law suits For every type of case, the law sets a certain timeframe for people to sue Normally, the debt collection statute of limitations set the timeframe according to the date of the event’s occurrence In reference to debt collection, it means that after the design.....More on Debt Collection

Fair Debt Collection Practices: What to Expect from your Debt Collector

The best way to protect yourself from harassment is to know the exact job description of your debt collector If you know the things that his job entitles him to do, you can keep better track of his behavior and take action when he violates your rights To know the debt collector’s job description, you need to have a thorough understanding of the 1977 Fair Debt Collection Practices Act This act.....More on Debt Collection

Tips to Successful Bad Debt Collection

Bad debts are a huge problem Bad debt collection is an even bigger problem When a debtor has stopped making payment months or years ago, the debt is considered a bad debt This debt can be written off and declared as a loss The problem is that banks, lending companies, and smaller creditors need to survive If they keep on declaring bad debts as losses, they will keep losing money For smaller .....More on Debt Collection

Learn About Debt Collection Laws

With millions of Americans in debt, debt collection has become a booming industry In 2004 alone, the debt collection industry made over $165 billion in profit With so much money on the line, debt collection agencies are under a lot of pressure In some cases, this pressure has resulted in abusive and aggressive behavior that many debtors find intimidating So, in order to protect debtors, th.....More on Debt Collection

Dealing with Skip Tracers and Debt Collection

One of the biggest problems that debt collectors face is locating their debtors When a debtor moves to another house in another state, the collection agency often has no clue how to locate him So, how do collection agencies track runaway debtors The solution is easy � they hire skip tracers Skip tracers are people whose sole mission is to locate debtors who moved without giving their new .....More on Debt Collection

Is a Debt Collection Agency Coming After You

Don’t panic A debt collection agency will not contact you if you miss a month or two of payments A debt collection agency is a creditor’s last resort This type of agency only enters the picture when your creditor has given up trying to collect payments from you So, what will drive a debt collection agency to your doorstep Here are a few of the common causes: Failure to respond to n.....More on Debt Collection

What Fair Debt Collection Means to You

So, you may have missed some payments on your mortgage Or, you may have failed to respond to calls from your creditor Despite the fact that you may have failed to keep your end of the contract, you still have the right to be treated fairly during the process of debt collection Fair debt collection involves the use of proper tools to evaluate your situation It also gives you ample time to re.....More on Debt Collection

Knowing your Rights: The Fair Debt Collection Practices Act

Being in debt doesn’t mean that you are at the mercy of your creditors In fact, in 1977, the United States Congress passed the Fair Debt Collection Practices Act Commonly referred to as FDCPA, the Fair Debt Collection Practices Act was drafted in order to prevent debt collection agencies from abusing or harassing debtors This act outlines the limits to which collection agencies can pursue deb.....More on Debt Collection

Defend Yourself with the Fair Debt Collection Act

In 1977, the United States’ congress passed the Fair Debt Collection Practices Act Commonly referred to as the Fair Debt Collection Act, this law was drafted in order to provide guidelines, procedures and limitations to regulate the activities that are done in debt collection processes Because of the Fair Debt Collection Act, debt collectors have refrained from using threats, lies or insults t.....More on Debt Collection

The Basics of Debt Collection Software

Debt collection software is a program that helps companies track debts This software is designed to keep track of payments, fines, penalties and other matters concerning the accounts of debtors Benefits of debt collection software First of all, debt collection software will help you get organized Instead of having piles and piles of paperwork in the office, debt collection software can co.....More on Debt Collection

Understanding Debt Collection

The words ‘debt collection’ bring a lot of panic and anxiety to individuals who are in debt It may be your student loans, your mortgage on your house or your car payments No matter what the debt may be, debt collection is something that every debtor has to face After all, your creditors and lenders need to get their money back So when you answer your door bell and you come face to face.....More on Debt Collection

RSS feed for Debt Collection Guide

﻿Fair Debt Collection Practices Act: Dealing with Abusive Debt Collectors

﻿The Importance of Understanding the Debt Collection Statute of Limitations

﻿Fair Debt Collection Practices: What to Expect from your Debt Collector

﻿Tips to Successful Bad Debt Collection

﻿Learn About Debt Collection Laws

﻿Dealing with Skip Tracers and Debt Collection

﻿Is a Debt Collection Agency Coming After You

﻿What Fair Debt Collection Means to You

﻿Knowing your Rights: The Fair Debt Collection Practices Act

﻿Defend Yourself with the Fair Debt Collection Act

﻿The Basics of Debt Collection Software

﻿Understanding Debt Collection