As an unintended consequence, consumers who defend themselves against collection agencies who violate of the Fair Debt Collection Practices Act (FDCPA) will now find themselves on a special list. One company is now offering its clients a list of everyone who has sued a creditor or collection agency. This is meant for the clients [...]
Entries Tagged as 'Fair Debt Collection Practices Act'
New Service Provides Collection Agencies List of Clients in Litigation
June 25th, 2009 · 3 Comments · Debt Collection, I'm suing those guys!, Legal Stuff
Tags: collection agency·collections·consumers·court cases·Courts·Fair Debt Collection Practices Act·FDCPA·lawsuits·Litigation·transunion
Can You Go to Jail For Not Paying a Debt?
June 24th, 2009 · 13 Comments · Consumer Debt
I can’t tell you how many times I’ve said or written that you can’t go to jail over a debt. In general, no, there are no debtor’s prisons in the U.S. But a little article on debtor abuse in the Boston Globe (please stay alive, OK?) made me sit up and take notice. [...]
Tags: Boston Globe·Collectors·consumers·court·debt·debt collectors·debtor's prisons·Fair Debt Collection Practices Act·jail
Shopping for a Consumer Attorney if You Are Sued by a Creditor
June 23rd, 2009 · 5 Comments · I'm being sued!, Legal Stuff
Credit card companies and junk debt buyers have turned to the courts with a vengeance as a method of collecting past due debts. I always recommend that people hire a lawyer when facing legal issues, if at all possible. Unfortunately, in the area of consumer law, there are very few attorneys who know [...]
Tags: civil cases·consumer attorney·Credit card·Fair Credit Reporting Act·Fair Debt Collection Practices Act·Junk Debt Buyers·jury trial·lawsuit·naca.net
How Your Business Can Affect Your Personal Credit
March 12th, 2009 · 1 Comment · Banking, Consumer Info, Credit Cards
Two entrepreneurs put together a great business plan, and based on this, they applied for and received a small business loan. In a few years the business was very successful and the original loan was paid off. Sales grew quickly and keeping up with demand meant leasing a warehouse, stocking inventory and hiring employees. The successful owners applied for and received a quick business line of credit and business credit cards to float the debt during the course of business; all of the business credit applications required the business Tax ID and both of their personal Social Security Numbers. Then the economic situation changed and sales plummeted.
Tags: business credit·business line of credit·Credit Cards·Fair Debt Collection Practices Act·Financing·liability·Personal Credit·personal guarantees·small business
