Debt collection itself is certainly legal, but it does have to happen in a specific way. Prior to 1978, there were instances of unfair collection tactics, and so the Fair Debt Collection Practices Act (FDCPA) was put into effect. The goal was to eliminate unfair...
Many companies start annoying collection activity as soon as you miss a single payment. In fact, you don't even have to fall a full month behind. They might start calling you the day after the payment's due date when it is still just a late payment and not yet a...
Nearly everyone takes on some kind of debt in their lives. Debt is often the easiest choice when you can’t pay off goods immediately and wish to pay them off at a later date or you wish to build up your credit score. However, debt can easily get out of hand without a...
Dealing with debt can be a very difficult issue. You may have worked overtime to pay back what you owed or turned to settlement options to resolve debts in the past. When you have debts with multiple creditors and try to manage them all, it can become difficult and...
