Understanding Your Mini-Miranda Rights When Dealing with Debt Collectors
Beware If you have recently heard something like “This communication is from a debt collector attempting to collect a debt. Any information obtained from you will be used for that purpose.” This statement is known as Mini- Miranda warnings and it exists to protect you. What is the Mini-Miranda? The name may be familiar to […]
Debt Collection Scams Hurt Unsuspecting Consumers
There is a high number of complaints involving debt scammers every day. It is safe to assume that these scammers continue their efforts because they are getting money from unsuspecting people. It is important for you to learn how to identify debt collectors from scammers and avoid being a victim of a debt collection scam. […]
What To Say to Creditors While You Are in A Debt Settlement Program
If you are facing financial hardship, it is important for you to understand how to communicate with your creditors or debt collectors while you are in a debt settlement program. If you are enrolled in a debt settlement program, you must know how a debt settlement program works. During the program, you voluntarily will agree […]
The Link Between Mental Health And Financial Stability
STUDIES SHOW HIGH DEBT CAN INCREASE THE CHANCES OF MENTAL AND PHYSICAL HEALTH PROBLEMS It is no surprise that having debt can cause stress. However, those studying the effects of debt related financial pressure were surprised to see the dramatic impact on mental and physical health, including significant increased chances of suicide. The complications of […]
State Regulation Preventing Creditor Harassment: Protecting Consumer from Aggressive Collection Practices
Debt can be a heavy burden for many individuals, and dealing with creditors can often exacerbate stress and anxiety. While creditors have the legal right to collect debts, certain practices are prohibited to protect consumers from harassment. Many states have enacted additional regulations aimed at preventing creditor harassment, ensuring that individuals facing financial difficulties are […]
How Can Debt Settlement Actually Lead to Improved Credit
Understanding the FCRA and Your Rights
What is the Fair Credit Reporting Act? The Fair Credit Reporting Act[1] (“FCRA”) was enacted by congress in 1970 with the goal of protecting consumers from inaccuracies, unfair reporting practices, and privacy breaches by credit reporting agencies. The FCRA helps to regulate the use of consumer reports by laying out rules covering; dispute resolution, the […]
Understanding the FDCPA and Your Rights
What is the Fair Debt Collection Practices Act? The FDCPA, also known as the Fair Debt Collection Practices Act, was enacted in 1978 by Congress because of a finding of “abundant evidence of the use of abusive, deceptive, and unfair debt collection practices by many debt collectors” 15 U.S.C. § 1692. In broad terms the […]
