Stimulus checks: Debt collectors can garnish your $1,400 payment

was grabbed by debt collectors to pay ancient debts," Lauren Saunders ... then the bank freezes the account and gives the consumer notice. The consumer has a short time to go to court to either ... Read More

Debt collection laws in Ohio

The FDCPA applies to most consumer ... or with the Federal Trade Commission. Debt collectors in Ohio must follow federal and state laws as they attempt to collect on unpaid debts, and this ... Read More

Hounded By Medical Debt Collectors? Here’s How You Can Protect Yourself

Nearly anyone who’s run up some medical bills in the U.S. knows this experience: Being harassed to pay up ... to collect debts and even taking people to court. The debt collectors can be ... Read More

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

The claim: It is illegal for collection agencies to buy debt and ... guidance from the Consumer Financial Protection Bureau. Chief among the inaccuracies is the claim that debts can’t be ... Read More

What is zombie debt?

Dealing with debt repayment ... repayment, but collectors buy those debts at a bargain, hoping to make a profit with whatever consumers are willing to pay. The Consumer Financial Protection ... Read More

Am I responsible for debts from my deceased spouse?

The Fair Debt Collection ... s debts. Both the Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB) confirm that family members usually do not have to pay the debt ... Read More

Social Security: Can Debt Collectors Garnish Your SSI Payments?

and debts for child or spousal support. However, SSI benefits are protected from garnishment — even to pay a government debt or child or spousal support. The SSI program is overseen by the SSA ... Read More

These States Are Stopping Student Loan Debt Collection

Congress recently passed the CARES Act, which suspends payments ... for private debts. Massachusetts has issued emergency regulations suspending private loan debt collection activities ... Read More

What Happens if You Don't Pay Your Debts?

Unless, perhaps, your debts are for tax evasion or failing to pay ... "The debt becomes time-barred and falls off the consumer's credit report. The creditor has limited remedies for collection. Read More

What Is a Debt Collection Agency and What Do Debt Collectors Do?

She has worked in multiple cities covering breaking news ... who encounters a debt collector who doesn't can file a complaint with the Federal Trade Commission, the Consumer Financial Protection ... Read More

What Is a Debt Collector, and What Do They Do?

Debt collectors are heroes or villains, depending on your point of view. If you own a business and are owed money, hiring a debt collector can help you get it back. If you are the person who owes ... Read More

Pay Down Your Consumer Debt

As for credit card debt, the average American household carries about $6,900, according to various news stories citing ... to figure how much a consumer needs to pay each month to get the balance ... Read More