Debt Collection

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…

If a collection agency has contacted you about collecting some manner of debt and you know yourself to be clear of that debt, you are not doomed to the harassment that these collection agencies might…

Debt collections might be one of the least desired activities of business owners. But to make a profit, businesses must receive payment for their products and services. Once payments have become…

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…

In 1977, the Fair Debt Collection Practices Act (FDCPA) was made federal law under Title VIII of the Consumer Credit Protection Act. Its purpose was to prevent abusive and underhanded methods of…

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…

Debt collection agencies must follow federal guidelines dictated by the Fair Debt Collection Practices Act when recovering overdue consumer debts. Failure to follow the appropriate legal guidelines…

The fair debt policies and acts are a set of laws passed in the United States to protect the rights of citizens. These policies safeguard consumers from unscrupulous debt collectors, identity thieves…

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…

The Penalty Interest Rates Act was enacted in Australia in 1983. The act provides for the establishment of the penalty interest rate applied to debts arising from court orders or judgments, or amounts…

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,…

The Fair Debt Collection Practices Act provides guidelines creditors must follow when collecting personal, family and household debts in Texas. The law states that creditors must treat consumers…

In a credit-based society, debt regulations are necessary to prevent predatory collection practices and protect consumers from losing control of their lives on account of bad debt. According to the…

The Fair Credit Protection Act (the act), commonly referred to as the Consumer Credit Protection Act, is a federal consumer protection law that does just what its name implies: It protects the credit…

Debt collection is a tricky venture. Between state regulations and the Fair Debt Collection Practices Act (FDCPA), there are a number of rules and regulations you must abide by when attempting to…

As a business owner, you will sometimes deal with a client who has outstanding debt and, despite receiving several "past due" notices, refuses to pay. You can collect on unpaid debts, but the Fair…

Collecting an unpaid debt, whether personal or business-related, can be difficult if you have an uncooperative debtor. There are several things you can do to remedy the situation in Michigan, as long…

A delinquent credit account is charged-off after the original creditor gives up trying to collect from you. Generally, creditors take the action after you've fallen six months behind. The account is…

In 1978, The U.S. Congress passed the Federal Fair Debt Collections Act to eliminate abusive, deceptive and unfair debt collection practices while also providing rights, protections and remedies for…

Bankruptcies are used to give people a fresh start by eliminating the obligation to repay certain debts. There is little creditors can do once a bankruptcy has been discharged as the debt is…

Lending money can result in problems. Not only is it possible that the debtor refuses to pay the debt, but it can be hard to prove there is a debt in the first place. Collecting money from a debtor…

Enacted in 1978, the Fair Debt Collection Practices Act is known as the FDCPA. The act is a part of the more encompassing Consumer Credit Protection Act. The purpose of the FDCPA is to protect…

A charged off debt occurs when a creditor ceases collection efforts on a past due debt and instead, charges it off as noncollectable. The creditor then uses the charged off amount as a write-off on…

Debt collectors pursue past due bills, including credit card balances, outstanding installment loans and cell phone bills. As a Georgia resident, state and federal laws protect you from unfair debt…

Texas has a number of laws related to credit and debt collection. These laws regulate what debt collectors can and cannot do when trying to collect a debt. These laws can help to stop harassing phone…

You may need to collect on a debt from someone who has skipped out on you. This problem happens occasionally to landlords and doctors, for example. The common solution is to garnish the "skip's" wages…

Collections defense attorneys defend clients against debt collectors. Debt collection agencies can be very aggressive and tend to overwhelm debtors with phone calls and letters. In today's society,…

Lending money can be both an investment and a way to help others. Sometimes, though, borrowers are not always able to pay back the money you have lent them. To get your money back, you may have to use…

Debt collection is frequently a stressful process. There is usually conflict between the debt collector and the person who owes the debt, and communication can be difficult if the one who owes the…

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…

Debt collection can cause a great deal of stress if you are trying to pay your bills and maintain enough income with which to live. Laws have been put into place enumerating your rights and the…

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…

Deception and illegal practices aren't uncommon in debt collection and credit reporting, which is why such practices are addressed in the Federal Trade Commission Act. The act, enforced by the Federal…

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…

If collectors are calling you day and night, numerous times in a row, threatening to call your neighbors, friends, family, or your job, there are things that you can do to STOP this harassment. You…

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…