Why Debt Collectors Need New Rules

Managing Debt

Why Debt Collectors Need New Rules

Why Debt Collectors Need New Rules

What consumer protection law is about as old as the arcade game Pong and nearly as antiquated? The Fair Debt Collection Practices Act — the law that governs what’s become a multi-billion-dollar financial industry segment made up of companies that chase past-due debts from an estimated one in 10 Americans. When the FDCPA was put… Read More

What Can Debt Collectors Say On Answering Machines?

Managing Debt

What Can Debt Collectors Say On Answering Machines?

What Can Debt Collectors Say On Answering Machines?

Talk about an uncomfortable situation. A reader recently contacted us about a message she found on her answering machine.  The recorded message was regarding a collection for her father who does not live with her: Dear Gerri, I’m very concerned that a debt collector may have broken the law.  Long story short, I recently received… Read More

Beware of the Bad Debt Collectors

Managing Debt

Beware of the Bad Debt Collectors

Beware of the Bad Debt Collectors

The Los Angeles Better Business Bureau has been flooded with complaints about a debt collection agency they rate as an “F,” according to a recent article in the Ventura County Star. The company, Commercial Investigations Inc., is located in Van Nuys, CA.

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