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

5 Scary Facts About Debt Collectors

Managing Debt

5 Scary Facts About Debt Collectors

5 Scary Facts About Debt Collectors

Debt collectors have a bad reputation among consumers. Even debt collectors who are super friendly and do their jobs by the book are loathed or feared by many of the people on their call lists, because collectors remind them of financial frustration or trigger stress. It’s rare to hear someone say, “I really like my… Read More

Can Debt Collectors Call My Cellphone?

Managing Debt

Can Debt Collectors Call My Cellphone?

Can Debt Collectors Call My Cellphone?

Getting calls from debt collectors is never fun, but when they keep calling you on your cellphone, it can really send you over the edge. After all, you probably carry your cellphone with you virtually everywhere, and getting those calls when you’re in a meeting at work, at the supermarket or watching your kid’s soccer… Read More

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