Not every threat you get from a debt collector is legal. In Vadnais Heights, Minneapolis and Saint Paul, Minnesota, collectors frequently misrepresent the amount you owe, the status of your debt or their own authority to collect. Understanding what the law allows can...
A family emergency can drain your savings fast. If you miss a few credit card payments, calls may start right away. Soon, a debt collector may contact your spouse, your parents, or even your job. Fortunately, the Fair Debt Collection Practices Act (FDCPA) gives you...
You owe an outstanding debt. You are aware of it, and you may even have received communications from the debt collection agency in the past. Perhaps they have called you or sent you a letter in the mail. However, you are surprised one day when they contact you on...
It is estimated that up to one in five people, or 57 million people, suffer from some form of mental health issues. The national household debt in the U.S. currently stands at around $17.3 trillion. Millions of people with mental health issues find themselves in...
It is a widely purported myth that only reckless spenders end up in financial trouble. The truth is that millions of people in America find themselves in debt through no fault of their own. Debts are something that follow you around, and at some point, debt...
We borrow money, intending to make full repayment. However, life sometimes throws a curveball, and we get behind on our bills. When that happens, several businesses will work with you while you get back on your feet. Still, others aren't as accommodating. That's when...
Debt repayment delays are normal and sometimes, creditors may take initiative and remind you to pay from time to time. However, there's a threshold beyond which a debt collection call can become harassment. Understanding how debt collection harassment happens is...
If you’re being inundated by debt collectors calling, texting, emailing and otherwise contacting you, you may not even realize that one or more of them is attempting to get payment on something called a “zombie debt.” Zombie debts include debts that have already been...
If you take out a car loan, or if you use your car as collateral on a credit facility, you risk having your car repossessed if you do not make your payments in time. But as with any industry, it is not uncommon to have a few bad apples in the credit industry....
When faced with financial difficulties and debt, one of the most stressful aspects for many individuals is the potential for debt collectors to contact their family members. Many people are concerned about the embarrassment or stress this might cause their loved ones...