Credit cards can be either incredibly useful tools or dangerous weapons. Without sound money management skills, it’s easy to end up over your head financially. The way you manage your credit cards today impacts the credit you’ll qualify for in the future. Credit card companies report every payment that you make, or don’t make, to the credit bureaus. […]
Articles Tagged: debt collectors
Illegal Debt Collection: Protect Yourself From Abusive Collection Agency Tactics
Consumer protection laws exist to protect individuals from unethical business practices. Collection agencies must not only adhere to standard business laws but also to a special set of rules specifically for the collection industry. The Fair Debt Collection Practices Act (FDCPA) was put into place in 1977 to regulate collection activity in the U.S. If […]
Can Debt Collectors Tell Family and Friends About Your Debt?
Money problems are inherently embarrassing. If your financial obligations have become enough of a burden that you find yourself fielding collection calls, the last thing you want is for your family and friends to discover that fact. Fortunately, with few exceptions, the law is on your side. Federal guidelines strictly regulate the circumstances under which […]