Collection agencies can buy debt from creditors, can sue for money | Fact check

The post also misrepresents the protections in place to prevent harassment by debt collectors. The video cites 15 USC 1692, also known as the Fair Debt Collection Practices Act, to support its claims. Read More

What is zombie debt?

The Consumer Financial Protection Bureau (CFPB) has warned consumers about zombie mortgages, in which homeowners have believed their mortgage ... The Fair Debt Collection Practices Act, or FDCPA ... Read More

Debt collectors coming for eThekwini residents

Members of the Municipal ... collection of consumer debt, including the debt relief programme, disconnections, one-on-one sessions with major debtors and legal action. It said a task team made up ... Read More

How to Negotiate with Debt Collectors

Original lenders — say, a credit card company — sell their ... make your debt go away, and they may be able to sue you for the unpaid debt. The Fair Debt Collection Practices Act (FDCPA ... Read More

No, debt isn't 'invalidated' if collectors don't respond to letter in 30 days | Fact check

But the debt still exists." And disputed debt continues to show up ... consumer." Cisneros said he isn't aware of collectors without the necessary information to collect a debt telling consumers ... Read More

How to stop debt collectors from calling

But a lot of these debt collectors do not follow the law. If that happens to you, file a complaint with the Consumer Financial ... I asked for their address to send them a letter. Read More

Consumer News

The U.S. Supreme Court is scheduled Sept. 26 to discuss whether it will hear a First Amendment challenge to a 2021 Florida law that placed restrictions on major social-media companies. The number ... Read More

Re-Aging Debt: Definition, Legality, and How to Avoid It

This period typically lasts from three to six years, depending on the state where you live, the state named in the credit agreement ... their own consumer protection laws with regard to debt ... Read More

20 Ways to Outsmart Debt Collectors

While they are annoying, debt collectors are just trying to do their jobs and ... on your credit report for up to 10 years, depending on your state. Coming to an agreement and paying off the ... Read More

Debt collectors may soon knock at doors

Another crucial question the MPAC asked was how the municipality was going to improve its debt collection system since ... Also read: Giyani is on track to a clean audit Cedrick Baloyi, acting ... Read More

The Americas need to clean up their act. Enter the Americas Act

READ MORE: Biden wants to stand up to China ... call usurious debt traps, which can turn developing nations into takeover targets. In response, the Americas Act would resuscitate the idea of ... Read More