Tag Archives: debt help

Fight Debt Collectors And Stop Harassment!

fight debt collectors and stop harassment

What kinds of debts are covered by fair debt collection practices acts? Fair Debt Collection Practices Acts (FDCPA) cover “consumer debts,” generally defined as a consumer’s personal, family and household debts.  — Things like money you owe on a personal credit card account, auto loans, medical bills, and your mortgage. Debts for parking tickets, taxes, income tax, alimony payments and ...

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Are Charged Off Debts Still Collectible?

charged off debts

When a debt or asset is charged off, the creditor removes the unpaid account from their balance sheet using an IRS rule called “Specific Charge-Off Method”. The debt is typically more then 180 days past due, and since it is unlikely to be paid in the near future, this rule is used to adjust the books removing it from current ...

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10 Must Know Federal Consumer Protection Laws

federal consumer protection laws

There are ten debt, credit and banking federal consumer protection laws every consumer must know, period. The Truth In Lending Act (TILA) – Protects consumers by requiring meaningful disclosure of credit terms. The Fair Debt Collection Practices Act (FDCPA) – Outlines what information debt collectors can gather on you and contains specific rules on how debt collectors can communicate with ...

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