debt collectors
10 tips for dealing with debt collectors, collection
By Fred O. Williams It’s something most consumers dread — a debt collector calling to ask about an unpaid credit card debt, past due student loan or medical debt. Consumer credit counselors, debt collectors and state regulators all agree that ignoring debt collectors’ letters and phone calls is a bad idea. Deal with it, they […]
Financial Reasons to Delete Your Facebook Account
By Danielle Warchol For many, Facebook has become the go to website to keep up with friends and family. It has also become much more to a lot of people who spend more and more of their time there. The fact is that for many, Facebook is more of a financial detriment than it is […]
CFPB to Supervise Debt Collection Agencies
Receiving a phone call from a debt collector can create anxiety and humiliation for people with unpaid balances. In recent years, however, there have been reports of debt collection agencies relying on intimidation, threats, unethical and, in some cases, illegal practices to bully borrowers into paying up. In an effort to put an end to […]
Debt Collectors Can Help During Identity Theft Crisis
Important Steps to Take For Identity Fraud Victims Thieves are finding more and more ways to steal people’s identities. From the recently surfaced conversation-recording Smartphone virus to the traditional ATM skimmers (devices used to capture debit card numbers), people are falling into serious financial troubles. Many who fall victim to identity theft aren’t immediately aware […]
NerdWallet.com features Consolidated Credit’s advice on dealing with debt collectors
Having someone call you and demand money you weren’t aware you owed is an intimidating situation. What’s worse is that if you are getting that call, your debt is no longer being handled by the company that you originally did business with—it has now been handed over to debt collectors, who can try every underhanded […]
Threatened by debt collectors? Four tips to fight back
Have you ever been contacted by debt collectors who said they were on their way to arrest you? This is one of the threatening messages that debt collectors use to intimidate people. If you have received these kinds of calls, you are not alone. Through Dec. 8 of this year, 164,361 consumers have reported debt-collection-related […]
New Guidelines for Debt Collectors Seeking Payment from Relatives of Deceased Debtors
After 119,000 consumer complaints were filed with the Federal Trade Commission in 2009 regarding harassing debt collectors and their deceptive practices, new proposals and guidelines have been released for debt collectors seeking to be paid from relatives of deceased debtors. At Miss Money Bee, we aim to keep our readers informed on the latest personal […]
6 Tips for Dealing with Debt Collectors
When you have a lot of debt, you can find yourself at breaking point when debt collectors are practically knocking at your door, calling your phone non-stop, and demanding that your pay their bills. However, there’s a right way and wrong way to handle a debt collector. We’re going to dive deep into common mistakes […]