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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

Debt Collection Techniques: How to Collect Debt Successfully

With Americans owing billions and billions of dollars in debt, both creditors and collection agencies are feeling the pressure Debt collectors must employ techniques that will encourage debtors to pay Successful debt collection techniques will help the collector get the account settled immediately On top of the pressure to collect debt, debt collectors still have to be mindful of the laws that .....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

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

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

Dealing with Debt Collection Letters

If you have missed payments for any of your debts, there is a chance that you will have debt collection letters piling up on your desk These letters will remind you of all the money you owe to certain people or certain companies However, before you shove those debt collection letters into your desk drawer, try looking at them Once you start acknowledging these letters, you’ll have less anxiet.....More on Debt Collection

Creditors and the Debt Collection Letter

You may think that the debt collection letter that’s sitting in your mailbox is nothing but pain mailed directly to you However, you have to keep in mind that for every debt collection letter that is sent, the pain goes both ways � the creditor is desperate for payment for an overdue account and the debtor is scrambling for money to meet the due date of the payment So, just as much as the de.....More on Debt Collection

About Debt Collection Agencies

When you miss payments on your debts, you’re not the only one who gets into trouble Your creditors, the businesses that you owe money to, also feel the crunch For every month that you don’t pay, they will lose more and more money For smaller businesses, this can be devastating This is where debt collection agencies come in When companies find that pursuing you for payments is taking to.....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

Debt Collection Practices: The Dos and Don’ts

It may be true that you do owe money to the debt collector who is standing at your door However, that doesn’t change the fact that you are still a client and you deserve to be treated fairly You have the Fair Debt Collection Practices Act to protect you This act will help you fight back when your debt collector displays actions that can be considered bad debt collection practices By under.....More on Debt Collection

Going Through Credit Card Debt Collection

Americans abused their credit cards so much that the country’s credit card debt is now worth over $915 billion For credit card companies, the question remains � how do they pursue millions of people to collect billions of dollars worth of overdue payments So, the problem doesn’t stop at the debt In reality, credit card debt collection probably brings the biggest headache, both for the .....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

RSS feed for Debt Collection Guide

﻿Defend Yourself with the Fair Debt Collection Act

﻿Debt Collection Techniques: How to Collect Debt Successfully

﻿What Fair Debt Collection Means to You

﻿Tips to Successful Bad Debt Collection

﻿Is a Debt Collection Agency Coming After You

﻿Dealing with Debt Collection Letters

﻿Creditors and the Debt Collection Letter

﻿About Debt Collection Agencies

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

﻿Debt Collection Practices: The Dos and Don’ts

﻿Going Through Credit Card Debt Collection

﻿Knowing your Rights: The Fair Debt Collection Practices Act