The FDCPA was written with an eye towards protecting consumers from collection agency harassment. Under the FDCPA, a collection agency must cease communication with a consumer upon written request from that consumer. Under the Fair Credit Reporting Act, consumers are allowed to directly dispute negative listings with information furnishers. An example of an information furnisher [...]
Entries Tagged as 'Consumer Debt'
Do Collection Agency “Cease and Desist” Letters Prevent Response to Credit Disputes?
July 10th, 2009 · 5 Comments · Collection Agencies, Legal Stuff
Tags: cease and desist·collection agency·Consumer Debt·consumers·credit disputes·credit report·FCRA·FDCPA·FTC·information furnishers·investigation request·written request
A Bankruptcy Checklist
May 20th, 2009 · No Comments · Bankruptcy
In today’s economic climate, more and more people are turning to bankruptcy as a solution to their debt problems. Often consumers are ill-prepared to even begin the process. Some people may even file a bankruptcy when they don’t need to because they don’t understand the what they are getting into. Others select an attorney who [...]
Tags: Allowable Expenses·Alternatives to Bankruptcy.·Attorneys·Bankruptcy·Chapter 13·Chapter 7·Consumer Debt·debt counseling·Debt Problems·Income·Means Test
Trouble Paying Your Credit Card Bills? Card Issuers Want to Help
March 2nd, 2009 · No Comments · Credit Cards
At least that is what the some of the major credit card companies are stating and it appears that at least initially, they are actually implementing some actions that are indicative of the desire to assist those in need. Last week, major credit card companies including CitiBank, Capital One, Discover and Bank of America launched [...]
Tags: bank of america·Capital One·Card Issuers·Citi Cards·Consumer Debt·Credit Card Debt Counseling·Credit Cards·Discover·Help With My Credit
Tips for Escaping the Post-Holiday Debt Trap
January 28th, 2009 · No Comments · Budgeting, Consumer Debt, Consumer Info
If the first several weeks of January are any indication, 2009 promises to be a particularly challenging year, particularly for the debt-ridden public. Having just received my January credit card statement myself, I was reminded of all the “fun” I had whipping out the plastic to fund numerous gifts for family and friends this Christmas. [...]
Tags: christmas debt·Consumer Debt·Credit card debt·escape holiday debt·get out of debt·holiday debt
