Filing a lien to collect a debt may involve winning a lawsuit or it may only require properly processed paperwork. The process to file a lien varies based on the type of lien, the type of debt…
Antitrust actions are business practices that unfairly interfere with free market trade across state boundaries, and includes practices like price fixing, bid rigging or allocating customers among…
The Late Payment of Commercial Debt (Interest) Act of 1998 is a law in the United Kingdom. The act was established so small- and medium-size businesses (SMEs) could collect payments owed them and…
According to the Federal Trade Commission, there are Congressional findings that reveal evidence about the unfair practices of debt collectors. These practices are abusive or deceptive and they lead…
The Late Payment of Commercial Debts (Interest) Act of 1998 is a piece of legislation from the United Kingdom. The act allows small businesses to charge interest when large businesses and public…
Debt collection is a growth industry in the United States. Traditionally, many debt collection firms used harassment and intimidation while attempting to collect past due debts. There are, however,…
Although there are many aspects of federal law that pertain to debt collection, none is as important or as widely enforced as the Fair Debt Collection Practices Act, or FDCPA. The Federal Trade…
Collecting money from debtors isn't always a simple process. Even in a favorable economy, there are some debtors that need a nudge toward repayment. During recessions or economic downturns, creditors…
The federal government created the Fair Debt Collections Protection Act (FDCPA) to protect consumers from unfair or illegal debt collections practices. One of the provisions in the FDCPA forbids debt…
If a creditor sues you for an unpaid debt, it is required by law to notify you of the lawsuit via an official summons and complaint. A summons and complaint can be either mailed to you or hand…
The car you purchase serves as collateral on your vehicle loan. Should you stop making car payments, your lender has the right to repossess your vehicle and sell it. The proceeds from the sale of the…
With the current recession still in full swing, Debt Collectors are becoming more and more aggressive. They are doing so because of the pressure placed upon them by their clients who are…
During tough economic times, debt collectors are generally more aggressive than ever in their efforts to collect debt from consumers. However, many debt collectors violate consumers' rights under the…
The Fair Debt Collection Practices Act sets legal guidelines for the actions debt collectors are allowed to take. The FDCPA also gives individuals the right to file a lawsuit against any debt…
Information in a credit report can determine whether or not someone gets housing, a loan, insurance or even a job. Negative information about an unpaid debt or collection account typically remains on…
If you jointly own property--real estate, a bank account, a business--with another individual, you need to understand your exposure when it comes to joint property being taken to pay debt.…
Debt collectors may be trying to use the economic situation against consumers. After all, good credit scores and reports are becoming more and more important. However, some of them are crossing the…
Trying to collect a debt from a family member or a friend can be an uncomfortable situation. Disputes involving money lead to conflict and ruin relationships. If you want to keep your relationship…