The Fair Debt Collection Practices Act (FDCPA) is a federal law that was enacted in 1978 to regulate the behavior of debt collectors and protect consumers from abusive and unfair practices in the debt collection process. The FDCPA sets out strict guidelines for how debt collectors can contact and interact with consumers, and it provides […]
Read More… from The Fair Debt Collection Practices Act Explained
TheStreet.com is reporting that bad credit could end up costing you around $1 million during your lifetime. For people with poor credit scores, the added cost of borrowing could exceed $1 million USD over a 30 year period. Source: Your Bad Credit Could Cost You $1 Million […]
Read More… from Bad Credit Could Cost You $1 Million During Your Lifetime
Before you spend hundreds of dollars on a ‘credit repair’ service, you owe it to yourself, your wallet and your credit rating to read this Federal Trade Commission fact sheet on credit repair. According the the FTC, self help may be your best option for improving your credit score. The FTC credit repair fact sheet […]
Read More… from Credit Repair Advice From the FTC: ‘Self Help May Be the Best’
Congress mandated that consumers have access to their credit reports free of charge in the Fair and Accurate Credit Transactions Act of 2003. For anyone concerned about their credit rating, identity theft or their credit history, it is advisable to get a free copy of your credit report. In addition, pulling a copy of your […]
Mises.org has published a very good defense of debt collectors and the debt collection industry. You can read the article @ In Defense of Debt Collection. […]