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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...

Facts About Debt Collection You Should Know

Two scenarios play in mind when it comes to debt collection. The first is the debt collector asking for payment because it’s their job and debtors just have to take responsibility for their actions. Then again, there’s abusive debt collectors who will try to embarrass debtors into paying the debt and delight in the other party’s fear of being in an untenable position. Fact is, not all debt collectors and debt collection...

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...

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...

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...

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...

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...

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...

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...

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...

Do’s and Don’ts: Dealing With Junk Debt Agent

Dealing with aggressive debt agents is tricky. However, it is important to keep a few things in check when you talk to talk to an agent. In this post, we will discuss do’s and don’ts to keep in mind when dealing with a junk debt buyer: Don’t Divulge Personal Details Whether it’s your address or where you live, do not, under any circumstances, tell a debt collector where you live or how to contact you! Debt collectors...

Debt Collectors Harassing Over Phantom Debts

Even at the best of times, junk debt buyers and debt collectors have no evidence to prove a debt’s ownership. However, this does not stop them from badgering delinquent debtors to the point of harassing them to collect the money. In fact, according to the Star Tribune, debt collectors and junk debt buyers do go after delinquent debtors with nothing more than old statements and even bogus proof to scare debtors into...

Asking The Right Questions: When Being Sued by a C...

With the right information, more and more debtors are learning what they can do in order to defend themselves against abusive collection agencies when being sued by their credit card company. Many debtors even go as far as to record collection calls in a bid to entrap collectors and trick them into violating the Fair Debt Collection Practices Act. If you are receiving a series of collection calls from a debt collector and you...

Credit Card Lawsuit- Dunning Letters’ False Statem...

Facing a credit card lawsuit is not only expensive; many are often intimidated with the idea of going head to head with a certain credit card company. The bad news is, many collection companies, junk debt buyers or creditors tend to say a lot of ridiculous things just to collect a debt.  In one case, a woman who was having problems paying for her daughter’s funeral, was threatened by the collection company to “exhume”...

Of Divorce and Credit Card Debt

In most divorces, the ex spouses will share the responsibility of paying for some or all credit card debts, mostly from joint credit cards. However, because a divorce decree does not bind creditors, they can collect credit card debt from either account holders. As such, the party who agrees to shoulder the credit card debt will have a difficult time paying off the debts and regardless what the divorce decree indicate, both...

Sued By Credit Card Company Without Due Notificati...

It’s very rare for debtors to getting a default judgment ruled against them without due notification. However, it does happen. Some debtors have no idea that their credit card company pressed charges against them simply because they were never notified about the court date! If such is the case, the next best thing to do is to file a motion to vacate rather than send a request for debt validation. The motion to vacate is the...

What To Expect On Your Court Date When Being Sued ...

It’s a nerve-wracking experience when you are being sued by your credit card company and you have no idea where to start. In this article, we will discuss exactly what you can expect to happen on your court date when being sued by a credit card company: Search For The Courtroom You will be notified by the court about the courthouse address including the number of courtrooms and the time of your court appearance. Because the...

Sued By Credit Card Company: What Your Creditor Wo...

It might be scary to think about going head to head with your creditor when you are sued by credit card but the fact is, collection attorneys and junk debt buyers can’t really afford to litigate. Of course, they won’t tell you this. They will subject you to a series of phone calls, hound your friends, neighbors and in some cases, your employer, to get you to pay for the money you allegedly owe. But that’s basically all...

Sued by Credit Card Company: Shooting for Debt Set...

Thousands of Americans are being sued by credit card company because of unpaid debts. In fact, almost 50% of Americans owe an excess of $10,000 in credit cards. No wonder, more and more people are looking for ways to settle the debt rather by be sued by credit card company. If you are sued by credit card company and you see a window of opportunity to settle the debt out of court, do so. Most creditors would rather settle out...

Mistakes to Avoid When Being Sued by Credit Card C...

If you are one of the thousands of debtors being sued by credit card company for unpaid debts, it’s important to remember what you should NOT do when you are dealing with your creditor in court. In this article, we will discuss some of the most common mistakes debtors make when being sued by credit card company: Ignoring The Summons Ignoring your problems won’t make them go away and ignoring court-ordered notices will...

Debt Collection Laws: The Hearsay Evidence Rule

Junk debt buyers or collection bureaus will have a hard time pinning a certain debt to a delinquent credit card account owner simply because they do not have access to documents that are vital to the case, like the original signed agreement. Instead, they rely on a debtor’s ignorance of debt collection laws and get a default judgment that allows them to legally access a debtor’s bank employment and personal information....

Debt Collection Laws: Statue of Limitations Explai...

Many debtors facing credit card debt lawsuits are largely unfamiliar with debt collection laws in their state, which is unfortunate since one can build his or her defense and quite possibly, win the lawsuit if he or she takes time to review their states’ local debt collection laws. One such debt collection laws include the Statute of Limitations. Statute of limitations refers to the period where a debtor cannot be sued for...

Debt Collection Laws: Re-Aged Credit Card Debts

Sued by your credit card company for unpaid debt? Whether or not you choose to hire a lawyer to represent you in court, you need to familiarize yourself with debt collection laws in your state. One such debt collection laws to check out is the statute of limitations on debt. You will need to get your credit reports from all three credit reporting bureaus because your credit report will state the DOLA or date of last payment....