In today’s time, debt collection and buying almost goes hand in hand. The practice of debt being sold and collected by debt buyers has consumers aware of how to avoid collection scams. There are regulations in place to help consumers deal with 3rd party collection agencies. Rules has to be followed when collecting from consumers. […]
The Advantages and Disadvantages of a Debt Settlement
Does paying off $25,000 dollars of debt in two years with a $600 payment sound good? How about a $400 payment over three years? If you have any unsecured debt that you want to get rid of one option is a debt settlement. This option has many pros and cons to it. So before making […]
How To Deal With Debt Collection Agencies
Anyone that has received phone calls or letters from debt collection agencies knows that feeling of frustration. Once the phone calls start, you cringe every time the phone rings. Most people get depressed about debt collection agencies because they do not know how to deal with the problem. The first thing to remember about debt […]
Statute Of Limitations On Debt
Millions of Americans each year struggle with the heavy burden of debt. What most people don’t understand is that there is a statute of limitations on past due debt. This could allow debtors to legally avoid paying an outstanding debt. How is the statute of limitations determined? How long can debt collection agencies contact you? […]
Collection Agencies: What They are, What They Do, and How to Get Rid of Them
Tired of Debt Collection Agency Calls? Many small to mid-sized businesses use collection agencies to collect their unpaid debt. These third-party agencies are much cheaper and more convenient for the companies to use than it would be for them to try to collect their money owed on their own. These agencies are professionals, and are […]