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. […]
5 Common Debt Relief Mistakes Made by Consumers
Debt relief programs such as credit counseling, debt settlement or debt consolidation may bring some welcome relief and strategic planning to your personal financial situation, but the biggest mistake one can make is to jump into a debt relief program without thinking it through. There are many different types of programs and providers, and while […]
CARD Act Loopholes That Can Hurt Consumers
The Credit CARD Act of 2009 was created to be a sweeping piece of consumer-friendly legislation that targeted unfair credit card practices. Prior to the CARD Act, credit card companies could charge outrageously high fees if you went over your credit limit, apply your payments to lower interest balances first and include all sorts of […]