The 2 Words Debt Collectors Don’t Want to Hear

Managing Debt

The 2 Words Debt Collectors Don’t Want to Hear

The 2 Words Debt Collectors Don’t Want to Hear

While much of the debt collection world is straightforward and, quite honestly, a little boring, some people in the industry treat it like a free-for-all. “There are widespread attempts to add charges to debts that aren’t legal. Excess interest is something we’ve encountered quite frequently,” said Daniel Edelman, consumer law attorney, founder and partner at… Read More

Can I Bypass a Debt Collector?

Managing Debt

Can I Bypass a Debt Collector?

Can I Bypass a Debt Collector?

When I am assisting people to resolve unpaid bills I’m often asked, “Why do I have to pay the debt collector? Why can’t I just pay my creditor or lender and avoid the collector all together?” A reader recently wrote in with just this question: I have a $5,000 balance on my credit card and… Read More

Should Debt Collectors Be Able to Use Government Letterhead?

Managing Debt

Should Debt Collectors Be Able to Use Government Letterhead?

Should Debt Collectors Be Able to Use Government Letterhead?

Debt collectors are legally prohibited from misrepresenting themselves as police or lawyers when communicating with consumers. Of course, that hasn’t stopped some collectors from breaking the rules, and there are plenty of debtors who can tell stories of precisely that. The question of what exactly qualifies as misrepresentation is at the center of a lawsuit filed Dec. 1… Read More

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