Consumer fraud is the practice of deceiving consumers causing them to suffer financial losses. Oftentimes, consumers believe they are participating in a legitimate business transaction, this may be because they were given false promises or inaccurate claims, only...
Undergoing a background check is nearly always required when seeking employment in the 21st century. Employers use the information background reports contain to determine the trustworthiness of applicants. Those who have never been in trouble do not think twice about...
Knowing that you owe a company money is a difficult situation to be in. The last thing that you probably want to happen is that they start collection attempts. While many debt collectors comply with laws regarding collection attempts, others are unscrupulous. Debt...
The skyrocketing prices of motor vehicles are no longer “breaking news.” As costs continue to rise to unaffordable levels for many consumers, the likelihood of repossessions goes beyond fear and becomes an inevitability. Regardless of the surrounding circumstances,...
It's rarely good news when the phone rings early in the morning or late at night. This is especially true when a debt collector is on the line. The call is likely to be tense as the debt collector pressures you to make a payment and tries to scare you with what could...
When January rolls around, Americans tend to make resolutions, reevaluate their goals and think about starting their taxes. If you haven’t already made a habit of pulling and reviewing your credit reports from the three primary credit reporting bureaus as part of this...
Debt collectors can use various tactics to encourage people to pay. In some cases, they may resort to tactics that are illegal. As most consumers do not know their rights, unscrupulous debt collectors often get away with it. Hence, understanding a little can help you...
Debt collectors have a difficult job, but they must still follow certain laws when they’re trying to collect money. The Fair Debt Collection Practices Act governs what they can do. For example, they can’t threaten you with arrest for not paying your debt. The FDCPA...
In March of 1852, a time of rapid change in the financial industry, Henry Wells and William G. Fargo established a business then considered cutting-edge. The pair founded a pioneering company that would help customers build startup businesses and manage their money....
Technically, creditors have the right to call you, send you letters or even take you to court in an effort to collect on the debts that you owe. However, after a certain point, it will become much harder for a business to convince an individual to pay a debt....