The $47 Cellphone Bill Nightmare

Managing Debt

The $47 Cellphone Bill Nightmare

The $47 Cellphone Bill Nightmare

There are countless stories — some of which Credit.com has told — about how a small unpaid bill can make a mess of your credit standing. While there are some big balances that sometimes go to collections before you know about them, like medical bills, there are also seemingly insignificant amounts that cause more trouble than… Read More

Can a Friend Send a Debt Collector After Me?

Managing Debt

Can a Friend Send a Debt Collector After Me?

Can a Friend Send a Debt Collector After Me?

A reader wrote to us, worried that a former friend of her daughter’s might take her daughter to collections over some manicures that had been done out of friendship — before the relationship soured. Misunderstandings about money between friends are common. Should dinner at the expensive restaurant your wealthy friend suggested have been her treat? (You… Read More

Debt Collectors’ Jobs Just Got Harder

Managing Debt

Debt Collectors’ Jobs Just Got Harder

Debt Collectors’ Jobs Just Got Harder

A new court ruling may be giving more power to consumers trying to figure out if a debt collector’s phone call means they actually owe that debt. A July 16 ruling by the Sixth Circuit Court of Appeals elaborated on debt collectors’ obligation to respond to debt-verification requests, requiring collectors to provide details on the… Read More

Help! I Owe $3,600 in Parking Tickets

Managing Debt

Help! I Owe $3,600 in Parking Tickets

Help! I Owe $3,600 in Parking Tickets

It’s amazing how something small, like a parking ticket, can quickly snowball into something overwhelming. People receive debt collection notices over little things all the time, and while it’s easy to dwell on how the problem could have been prevented, time is much better spent trying to deal with the current issue: a pile of debt… Read More

The New Debt Collection Scam: Calling Your Mom

Identity Theft

The New Debt Collection Scam: Calling Your Mom

The New Debt Collection Scam: Calling Your Mom

Fraud-fighting organizations are reporting a new trend in debt-collection scams, in which fraudsters not only try to pressure people into forking over money they don’t owe but also harass targets’ family members and friends. Scammers rely on the social pressure and fear of job loss to get the victims to pay, according to a summary… Read More

How Can You Prove a Debt Isn’t Yours?

Managing Debt

How Can You Prove a Debt Isn’t Yours?

How Can You Prove a Debt Isn’t Yours?

Getting a letter from a debt collector can be disconcerting, especially if you were not aware of having debt. Your initial communication from the collector, called a demand letter, should contain information indicating how you can request more details. By law, you may request the debt collector validate the debt, and the collector must respond… Read More

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