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Credit Card Crisis – How Serious is Your Pro...

Many people who owe thousands of dollars in credit cards can no longer pay for them. Eventually, the card provider has no other choice but to file a lawsuit against debtors. Usually, a court summons is sent to the person concerned. Collection attorney are used to debtors that do not respond to court summons to settle credit card debt. The debtor ends up losing the case by default because of his or her failure to respond to...

Putting a Stop To Wage Garnishment

An old debt can haunt you, or more precisely, your savings. Creditors have the right to file a credit card lawsuit against delinquent debtors who failed to repay outstanding debts for months, even years. If say, the creditor won the credit card lawsuit, the court will grant them the right to garnish wages. The writ of garnishment, issued by federal court, is an order to a debtor’s employer to garnish an employee’s wages,...

When Debt Collectors Got The Wrong Person

Many of us are all too familiar with the kind of stunts many debt collectors are willing to pull just for a few thousand dollars. The fact that there are laws in place to protect consumer rights is not stopping these unscrupulous agencies from using threats, intimidation, credit card lawsuits, arrest warrants and jail time to extract debtors into paying their debts, regardless whether or not the other party indeed owns the...

Hi-Tech Debt Collection Efforts Still Ruthless As ...

It used to be that debtors have no other choice but do exactly what debt collectors, original creditors and debt collection agencies want because they have no say to the matter. There were no laws that protected them from intimidation, threats of credit card lawsuit, arrest, jail time, wage garnishment and property lien. However, the Fair Debt Collection Practices Act was passed by the Congress and it prohibited debt...

Credit Card Lawsuit: Facts About Bank Account Garn...

It’s one of the worst nightmares you could ever have, a court granting your creditor the right to garnish your savings directly from your bank account to pay off a long forgotten debt. Unfortunately, bank garnishment is just one of the many ways creditors and collection companies have against delinquent debtors. The fact is, creditors have every right to file a credit card lawsuit for old debts and if deemed fit, the...

Debt Collectors Taking Things Far

Despite laws enacted to protect debt consumer rights, it did not stop some abusive debt collectors from crossing the line. Stories of how debt collector used practically every tactic in the book to intimidate debtors to pay debts they may or may not owe are all too many and for many people, it’s their reality. There have been cases of debt collectors threatening debtors with prosecution, jail time, credit card lawsuit and...

Debt Collection Calls: When They Got The Wrong Per...

Because most junk debt buyers are using partial information about debtors, there are times when they end up calling the wrong person. Unfortunately, even those who do not have debts that require collection are not exempted from being hounded by junk debt buyers. Usually, the collection call is done using a pre-recorded message or robo-calls. Robo call will let the debtor know whom the call is for and should instruct the other...

Differentiating Debt Collectors, Debt Buyers and O...

For many people who are on the receiving end of collection calls and letters, it’s hard to determine whether or not they are dealing with debt collectors, debt buyers or original creditors. Know that each one have different motivation and depending on how you deal with each, settlement may come out differently as well. In this article, we will discuss more about debt collectors, debt buyers, and original creditors. Original...

Debt Settlement Negotiation: Getting What You Want

Struggling with credit card debt collection harassment or facing rude, abusive debt collectors? If the answer is yes, now’s the time to consider striking a deal with your creditor. However, there’s more to debt settlement negotiation than simply calling up your creditor or debt collector on the fly. You need to cook up an excellent plan and execute it perfectly to get exactly what you want at a term you agree with. Below...

How To Recognize Illegal Debt Collection Efforts

According to the Federal Trade Commission, complaints against abusive collection companies rose to 17% in 2010 with nearly 150,000 complained filed individually. However, the unrecorded number of complaints against abusive collectors could be much higher simply because debtors have very little idea about the Fair Debt Collection Practices Act or FDCPA that they don’t even know their rights have been violated. Under the...

Effective Credit Card Debt Settlement Negotiation ...

It’s best to consider negotiating any outstanding credit card debt you might have if you have been relentlessly hounded by creditors or if you are a victim of credit card harassment. By negotiating the debt, all collection efforts will end once and for all. Now, debt collection companies and collectors make money off credit card debt and they will try to get as much money as they can from debtors. You can assume that the...

What To Do When Negotiating Settlement For Debts

Working out a settlement deal with a creditor or a debt collection might sound intimidating but it’s actually easy when you know what to expect. Apart from getting a reasonable amount to repay the debt, you can also minimize the damage the debt will cause to your credit report. The good news is, a large majority of collection companies and creditors are willing to take less than the original amount of money owed. Debtors...

Credit Reporting Rights: How To Improve Your Credi...

It’s not uncommon for some people to check their credit report only to discover certain listings that they have no knowledge about at all. Unfortunately, these listings could cause negative impact on the credit score, which eventually leads to being unable to secure a larger loan (mortgage or car loans). If you are positive that error has been made or someone stole your identity and made these purchases without your...

Credit Protection Laws You Need To Know

The recovering economy made it easy for many credit repair companies to make money, turning the industry into a billion dollar business with millions of people paying good money to repair their damaged credit. The good news is, certain laws are in place to provide protection against transactions with corporate interests. From abusive debt collectors to false credit reporting, we will take a look at some of the most important...

Negotiating Debt Settlement Like a Pro

Negotiating with your creditor will not only give you one less thing to worry about, it will also help erase bad marks from your credit report. Settling the debt through negotiations is best for debtors who amassed huge fees and interest on a small debt. Almost all unsecured debt types are negotiable, including credit card debt and medical debts. Below is an outline of the right way to negotiate with either an original...

Illegal Debt Collection Tactics You Should Know Ab...

When the Fair Debt Collection Practice Act was passed by the Congress in 1977, it spelled the end of abusive, inappropriate and often questionable collection practices applied by both creditors and debt collection companies. The FDCPA also gave debtors a chance to keep their dignity intact as they deal with outstanding balances. The rules under FDCPA include strict guidelines on how and when debt collectors can request...

How To Make Debt Collectors Play Nice

It used to be that debt collectors had the upper hand when it comes to dealing with debtors. These days, the table has turned, giving thousands of debtors a fighting chance against abusive debt collectors. If you are dealing with a debt collector and you have little clue on how to make them play nice, we compiled helpful tips below: Demand Debt Details In the past, debt collectors would use just about every scare tactic in...

Credit Card Debt Basics: On Debt Responsibility

It’s not surprising that many debt collection companies will try to take advantage of grieving families to cash in on a deceased’s account. In fact, some do call up a grieving family member and would try to use the deceased’s name to make their kin pay for the outstanding balance. Under the FDCPA, debt collectors are not allowed to use deceitful collection efforts to satisfy a debt. Unless, you are the debt’s...

Credit Card Debt Basics- On Debt Responsibility II

Receiving a call for a deceased family member’s unpaid balance does throw someone off the loop. The first thing that comes to mind when receiving a debt claim after recently losing a family member is if you are really responsible for it or not. We’ve compiled tips on how you can resolve the issue: Know The Rules Each state has its own rules and guidelines when it comes to resolving debt claims therefore, you need to...

A Thing of The Past: Unfair Debt Collection

Evidence of deceptive, abusive and gross misrepresentation by debt collectors companies have been found in abundance with years of unsavory behaviors on record. As such, Fair Debt Collection Practices Act or FDCPA was passed by the Congress in 1977 to minimize the escalating cases of abusive and unfair debt collection practices in the country. One of the most common concerns regards unpaid debts include the number of attempts...

How To Fight Back Against Debt Claims

It’s a scary thought to receive a collection letter for unpaid credit card debt. However, for many debtors who does not know how to properly handle a debt claim, we laid out a simple step by step instructions on how you can fight back against debt claims and avoid harassment. Step 1: Read and Understand the Notice The Fair Debt Collection Practices Act give debtors the upper hand in any consumer debt claims so don’t be...

Five Ways to Deal With Unexpected Debt Claims

The slightest misstep in a debt claim could result in costly consequences which is why it is important to determine how to deal with a debt collector the right way. Under the Fair Debt Collection Practices Act, debtors have a fighting chance against abusive collection agents who are willing to cross the line for a few thousand dollars in credit debt. Below are simple steps on how to handle a debt collection letter from the...

Of Statutes of Limitations and Debt Collection Age...

Although debt collectors are known for their aggressive and often, illegal collection practices, consumers now have the upper hand with the Fair Debt Collection Practices Act or FDCPA enacted by the congress. Unfortunately, many debtors remain clueless when it comes to their rights as well as the concept of time-barred debts. This leaves many debtors vulnerable to debt collection harassment and is bullied into paying for...

Collection Agency Laws: Most Frequently Asked Ques...

Despite certain laws being enforced to protect consumer rights, many debtors are still facing grave threats and abuse from determined collection agencies who want to extract every single penny they can get their hands on. Now, the key in protecting yourself against these abuses is to arm yourself with information in protecting consumer rights under the Fair Debt Collection Practices Act or FDCPA. Below are answers to some of...

Fair Credit Reporting: What You Need To Know Now

Debt collectors have always been linked to harassment, threats and use of profane language to extract debt payments,especially old debts, despite laws enforced to protect consumer rights. Out of statutes debts will be sold and resold and often, those who purchased the accounts will not hesitate to step on a few toes just to make a successful collection. Unfortunately, unpaid debts, old and new, will cause a negative impact on...

Collection Agency Laws: What Debtors Need To Know

Despite laws enforced to prevent consumer rights violation, it’s not unusual for debt collection agencies to cross the line and talk their way into extracting money from debtors. Unfortunately, not all debtors are aware of the Fair Debt Collection Practices Act or FDCPA. To shed light on consumer rights laws, read One: The Fair Debt Collection Practices Act was passed specifically for consumer debt. This means people with...

When Debtors Are Harassed By Debt Collectors

Have you been receiving debt collection calls day in and day out? Hounded by debt collectors at home and at work? Perhaps you’ve been ridiculed or threatened by collection agents because you got laid off and fell behind on payments. If you experienced all these and more, you are a victim of credit harassment. The good news is, you can do something about it. Certain laws are enforced to protect consumers from unsavory,...

What You Need To Know About Debt Collection Attorn...

If you are one of the hundreds of people who owe past due debt in country, chances are, you already came across collection attorneys. Collection attorneys are notorious for using intimidation in order to get people to pay past due debts. However, there is also a lot of misinformation online. In this article, we will discuss several misconceptions about debt collection attorneys. Not All Debt Collectors Are Lawyers Don’t be...

How To Prevent Credit Harassment

With this economy as well as the instability of many trade and industries, the last thing you need is to deal with past due debt that could potentially lead to a credit card lawsuit. Unfortunately, hundreds of Americans are dealing with unpaid debts and worse, facing credit card lawsuit for ignoring the summons. Bill collection has turned into a billion dollar business and debtors are fooled into believing they have little or...

Debt Collectors: Rising Complaints For Abusive Col...

According to the Federal Trade Commission, gathered by the Consumer Financial Protection Bureau, debt collectors have the highest number of consumer complaints.  Both the Consumer Financial Protection Bureau and the Federal Trade Commission gathered all data and found that debt collectors routinely violate the FDCPA for their aggressive and unsavory behavior when collecting debts. Now the question becomes, why are they rude...

What To Do Next When You Got a Collection Letter i...

With the unstable economy and an unsure future of most businesses, the last thing you need is a credit card debt collection letter landing in your mail. Unfortunately, this happens to hundreds of people across the country. It’s their reality. If such is the case, don’t panic. There are steps you can state in order to address the issue and even stop your debt collector from filing a credit card lawsuit. Immediate Respond...

Credit Collection Laws And You

The Fair Debt Collection Practices Act and the Fair Credit Act has helped thousands of debtors free themselves from collection agents and junk debt buyers who act like complete Neanderthals when collecting debts. Junk debt buyers, collection agencies and sometimes, even original creditors are known mostly for their unforgiving, intimidating and often illegal collection tactics to extract money from debtors. Since laws have...

Protecting Consumer Rights Under The Fair Debt Col...

Debtors are expected to repay the debt they incurred within the given terms of the contract. Unfortunately, a number of debtors got debts so high, they are unable of repay them at all. Creditors have the right to collect the debt, with a few limits, of course. The Fair Debt Collection Practices Act or FDCPA is enacted by the congress to stop abusive debt collectors from applying aggressive collection efforts, including using...

Important Questions to Ask When In Contact With A ...

Dealing with a collection agent is quite a stressful experience especially with the possibility of facing a credit card lawsuit. For others, ignoring the problem might seem like the best thing to do but if you want to rid yourself of a problem, you’re going to have to find to a resolution. If you came across a collection agent trying to get you to pay an alleged debt, it is important to ask yourself these important...

How To Negotiate With A Debt Collection When You G...

In most cases, creditors who are pursuing debtors will make them feel like they got the upper hand when negotiation starts. They will try every trick in book to collect from debtors including threatening phone calls, harassing letters and even phoning you from where you work. If you can settle dispute, they will stop all the annoying phone calls and letters. But this is easier said than done if you don’t have the budget to...

Being Sued By Your Credit Card Company? Stand a Ch...

Most of us are having problems stretching our paycheck for day-to-day expenses. However, others are having even worse problems by being sued by their credit card companies for mounting debts. Fighting off debt claims is exhausting and in most cases, totally avoidable. If the creditor decides to take matters to court, it’s important to determine the best course of action to take to win the case. Aside from not ignoring the...

Protecting Your Rights Against Abusive Creditors

In most cases, junk debt buyers and creditors are so eager to collect that they will do practically anything to get the money, regardless whether their actions are illegal or not. The good news is, complaints about abusive creditors and debt collectors are on the rise that the Federal Trade Commission released the top complaints that consumers report about their debt collectors: Demands Unreasonable Debt Payment According to...

Avoiding a Credit Card Lawsuit: Negotiating With a...

With the looming economy, inflation and hundreds of people dealing with various financial problems, it’s not surprising that many are also facing credit card lawsuit for unpaid debt. The good news is, there is a way to avoid such problems, like meeting up with your creditor and striking a deal. However, these agreements do not always result in favorable repayment option for debtors. If you want to negotiate with your...

When Is The Right Time To Press Charges Against Ca...

Debt collectors and junk debt buyers are infamous for their aggressive, abusive, and inappropriate collection efforts. While some debt collectors abide by the law, others are just plain stubborn, applying illegal collection practices and sometimes, even crossing the line. If you got unpaid debts and your creditor or the junk debt buyer is threatening to file a credit card lawsuit, it’s never a good idea to take the...

Things You Need To Know About The Fair Debt Collec...

Although many people are familiar with consumer rights law, not a lot of people understand how the law under the Fair Debt Collection Practices Act should be implanted. As such, many debtors are continuously being victimized by abusive creditors and debt collectors, living in fear of being sent to jail for losing a credit card lawsuit. Understanding the law shouldn’t be hard that’s why we compiled some of the most...

Other Illegal Debt Collection Practices To Watch O...

Credit debt collectors are known for their abusive and in some cases, downright illegal collection practices. In this article, we will discuss some of the other illegal debt collection practices you should watch out for. Unpermitted Calls To Debtors’ Offices Sometimes, when creditors or debt collectors are running out of ideas how to hound debtors, they go the extra mile to ensure the debtors will get in trouble for their...

Illegal Collection Practices By Collectors

Junk debt buyers and collection agencies are infamous for their collection strategies that range from threatening phone calls to actual credit card lawsuit. Threats of wage garnishment, property liens and fraud charges are also very common. Some collectors go as far as contact the people around the debtor, including employers, friends, and relatives, in a bid to shame the debtor into paying. With all these aggressive...

Debt Settlement Companies: Should You Trust Them?

Many debtors work with debt settlement companies, being required to pay the money via escrow and once the fund reaches a certain amount, the company will try to settle the accounts for them. Unfortunately, most of the payments debtors make only covers the extra service charge and other fees that debt settlement companies make them pay. If you have been paying less than a thousand dollars for ten months and your debt,...

Will Delinquent Debtors Go To Jail For Unpaid Cred...

For many delinquent debtors who owe a significant amount of money on credit cards, the first concern that come to mind is, will they go to jail for credit card debt? Let’s get one thing straight, being sued for unpaid credit card debts will not land you in jail. However, if you ignore the summons, you might find yourself in jail for a short period. If you have not been sued by your credit, there’s no way you’d be in...

Validation Letter: Temporary Solution When Being S...

Thousands of Americans are embroiled in credit card debts that the number of people being sued by a credit card company is on the rise. Unfortunately, many people think that they can get away with not paying their credit card debt when their accounts were marked as a charged off on their credit report. The fact is, junk debt buyers, collection agencies and of course, the original creditor would still want to collect even a...

Sued For Credit Card Debt? Don’t Make A Payment

Dealing with credit card lawsuit that is out of statute? If you are one of the thousands of Americans who are facing credit card lawsuit for unpaid debts, it is important to know the rules your state and local laws you can use against abusive junk debt buyers and/or collection agencies. Depending on your state, credit card debts can only be collected at a given period. This is called stature of limitations. A debt collector...

Sued By a Credit Card Company: Facts About Old, Ch...

For many people who are being sued by their credit card company, the process that led them to the very situation they are in now is somewhat hazy. This article aims to help delinquent debtors know more about what charged off account meant and what information can help their cause when they are sued by a credit card company. A charge off credit card account refers to delinquent debts that credit card companies write off their...

Statute of Limitations: Defense Against Credit Car...

The most effective defense against credit card lawsuit is also one of the most confusing. The Statute of Limitation or SOL refers to a period in which a bank or credit company may go after a delinquent debtor. One of the most confusing issues with regards to SOL is which SOL will apply, will it apply to state from which the card company is based or the location of the debtor? Another notable issue is what SOL will apply for...

Robo-Signing: Inaccuracies in Credit Card Lawsuits

Over the last couple of years, an issue with mortgage industry’s robo-signing has been a subject of controversy. Robo-signing refers to documents against homeowners whose homes are about to be foreclosed, which were allegedly reviewed by are in fact, inaccurate. Instead of presenting the right information or correcting errors, someone will sign the declarations and affidavits and disperse them to the recipients. One notable...

Jail Time Awaits For Those Who Ignore The Summons

Many delinquent debtors who plan to ignore the summons be warned, unanswered summons and complaint could lead to a short stint in jail. The fact is, ignoring court ordered summons is one thing and blatant disobedience to a court order is another. Debtors who continuously ignore the summons despite several notifications will be held in contempt and if the court suspects that a debtor disobeyed the court order and committed...