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Category Archives: Collection Practices
President Obama Looking into Lowering Student Loan Interest Rates
According to a report in the Washington Post, President Barack Obama is touring college campuses in an effort for support in order to seek a Congressional extension of lower interest rates for Stafford student loans. If Congress doesn’t act prior to … Continue reading
Do you have a defense to a Credit Card Complaint?
The majority of people being sued on a credit card debt end up in default for not responding to the lawsuit timely. The result is a win for the party suing them, and they accomplish this without even proving that … Continue reading
President Obama acts to ease burden of student loans
The White House has announced this past Tuesday, that President Obama is taking steps to ease the burden of student loans. The President plans to accelerate a plan that would cap student loan payments at 10 percent of income, by … Continue reading
Don’t be a victim of “Debt Collection Harassment!”
A federal law known as the Fair Debt Collection Practices Act limits what debt collectors can and cannot do to harass you about debts. The law applies only to “debt collectors.” This means that the person calling you is collecting … Continue reading
Leading Debt Collector Agrees to Pay Record $2.8 Million to Settle FTC Charges
A leading debt collection company has agreed to pay a civil penalty of $2.8 million to settle Federal Trade Commission charges that its aggressive collection techniques violated federal law. As part of its efforts to protect consumers affected by the … Continue reading
Posted in Collection Practices, FDCPA
Tagged Fair debt Collection Practices Act, FDCPA, illegal debt collection, violation
5 Comments
Three Men Arrested for Illegal Debt Collection
Three people were arrested in July, 2011, for running an illegal debt collection firm in Orange City, Florida. This is one of the many reasons Congress enacted the Fair Debt Collection Practice Act (FDCPA), to prevent abusive collection agency practices such … Continue reading
Posted in Collection Practices, FDCPA
Tagged Fair debt Collection Practices Act, FDCPA, illegal debt collection, violation
2 Comments
College Graduate Loans Defaulting at Higher Rate
School is out, your graduation party has ended and you are now the owner of a college degree, but at what cost? Recently, student loan debt has surpassed credit card debt as the top source of America’s indebtedness. This figure … Continue reading
Posted in Collection Practices, Student Loans
Tagged credit score, garnish wages, repayment plan, Student loan
3 Comments
How Does the FDCPA Work for You?
How Does the FDCPA Work for You? The Fair Debt Collection Practices Act (FDCPA) regulates how debt collector collectors act when attempting to recover a debt. The federal government enacted the FDCPA in response many complaints of debt collector abuses. The FDCPA prevents a debt collector … Continue reading
Posted in Collection Practices, FDCPA
Tagged Fair debt Collection Practices Act, FDCPA, violation
2 Comments
Steps to Take When You Fall Victim to Identity Theft
Identity theft is a growing problem in today’s society. The Federal Trade Commission (FTC) recommends victims of identity theft to take four immediate steps. Those steps are: (1) place a fraud alert on your credit reports, and review your credit … Continue reading
Posted in Collection Practices, Identity Theft
Tagged Credit Report, Identity Theft, Victim of Identity theft
22 Comments