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The Bad Economy and Consumer Debt - Who Should I Be Talking to For Debt Advice?

The Bad Economy and Consumer Debt - Who Should I Be Talking to For Debt Advice? If you are standing under the burden of huge debts and now you are suffering from great financial loss, not all hope is lost. Still, you have different ways to keep yourself out from this trouble status. You may find different sources which can help you in solving all your financial problems. Many companies, agencies, service providers and agents are working to...more

Debt collectors calling: Understand when and when a debt collector cannot call you

Debt collectors calling: Understand when and when a debt collector cannot call you The Minneapolis collection agency repeatedly called Lisa and her husband, Michael, according to a lawsuit filed by the Minnesota attorney general, and demanded that the couple pay a debt owed by one Lisa Sterns. The couple, just as repeatedly, told the collector they didn't know any Lisa Sterns and asked the company to stop calling.Allied ignored the...more

Debt Settlement Consumer Protection Act - Don't Pay a Dime Until Your Debts Settle

Debt Settlement Consumer Protection Act - Don't Pay a Dime Until Your Debts Settle At the end of the year 2009, people were finding debts a nasty fence in the way of economic development. To get free from these debts, people started taking services of settling companies. But people hesitated in taking the services of the settlement companies because many scam businesses were present in the markets who were charging huge upfront charges. People paid these companies for giving reductions in their loans but these companies made nothing for these debtors. When the people found that there is no decrease in their liabilities by even paying the money, they started to opt for bankruptcy. Bankruptcy had proved the best way for getting free from debts but it was not useful in providing protection to its users.Federal Trade Commission has provided protection to the debtors by introducing the debt settlement consumer protection act. This act provides the right to the debtor to check the legitimacy of the settlement company before coming in contract with it. It also provides them the right to pay the service charges after the settlement is done. If any fraudulent company charges the...more

Debt Collectors 101 Part Three

Collectors usually have goals that they are expected to meet. Sometimes these include success rate goals or average calls per hour. Because most collectors work for commission, they may depend on a certain level of success to meet their own needs.Sometimes bill collectors work evenings and weekends, other collectors may work for part time, but the...more

Debt Collection 101

Debt collectors, or account and bill collectors' purpose in life is to attempt to collect payment on bills that are delinquent. Many debt collectors work for third party collection companies. The creditor, or the company or business that is owed the money, will often hire outside of the business; this is especially if their accounts receivable...more

Consolidate Debt: The True Purpose

Consolidate Debt: The True Purpose Consolidating your debt can be easy since generally, credit card companies are more than willing to help you out every step of the way. However, consolidating your debt isn't just about putting all of your debt onto one credit card for easy management, it is also about trying to get the lowest interest rate as well. For this reason, although you could certainly consolidate your own debt and hope for the best deal, it is often times beneficial to have a debt consolidation company negotiate for the lowest possible interest rate on your behalf. Credit card companies generally work for what is in their best interest, but a debt consolidation company will work with the credit card company while watching out for your best interest, so they will try to get you the best deals possible.It is important when consolidating your debt that you try to get the lowest interest rate because that will help you to be able to afford your monthly payments, not to mention getting out of debt sooner. The purpose of debt consolidation is to not only manage your money easier but to try and get the lowest interest rate possible because it is much easier to get...more

Consolidate-Debt: Why It Is Important

Consolidate-Debt: Why It Is Important Consolidating debt means to consolidate it (put it) all in one place. Debt consolidation is important for being able to manage your debt because it makes debt management a lot easier when your debt is in...more

Debt-Consolidation: Getting Out Of Debt

Debt-Consolidation: Getting Out Of Debt Debt consolidation is important if you want to get out of debt. Not only does debt consolidation make it much easier to manage your debt with it all in one place (on one credit card), but it is very...more

What Is Debt And Bad Debt

Debt as a positive word officially defined as the amount owed to a person or organization for funds on loan. It is a representation of a loan note, mortgage or other form compelling the repayment terms and, if appropriate, interest requirements as...more

Debt Settlement Companies - Ways To Compare Debt Settlement Companies Before You Choose

Debt settlement companies have indeed done a great job in helping people with their debts. They have played the role of as an interface, bringing the customers and the creditors to a common platform, to solve their differences. However, you should...more

What Does A Debt Counselling Agency Do?

What Does A Debt Counselling Agency Do? Should I use a debt counselling agency to settle my outstanding debts? Debt counselling has helped many people get out of debt; however is it the best solution for you? Here is some basic information to...more

Does Debt Settlement Work? How Long Does It Take To Be Debt Free?

Does Debt Settlement Work? How Long Does It Take To Be Debt Free? Debt settlement programs work for a large majority of debt ridden consumers.It typically takes no longer than three years to be completely free of any unsecured financial...more
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