Paying Debt Collection

debtfree

The FTC had over seventy thousand complaints in 2007 leveled against debt collectors, third party agencies that collect debts for various businesses and banks. It can go without saying that not all debt collectors follow the rules. Here is some info that can help you to deal with (or not deal with) those collections agencies.

Are you aware of what ...

Best of Personal Finance Roundup: America’s Biggest Rip-offs

By Linsey Knerl

Welcome to Wise Bread’s Best of Personal Finance roundup. Today, we share the biggest ripoffs in America, how you can save money by skipping soap, and why shade trees are a smart investment!

Top 5 Articles

America’s Biggest Rip-offs — Think paying a 6500% markup for text messages is ridiculous? You’ll love (or hate) the rest of the ...

How To Get A Low Interest Rate APR on Credit Card Debt

List of Credit Card Debt

I’ve been getting a lot of stories of people struggling to get out of debt because of the recent How to Fight a Debt Collector series. They haven’t reached the point of fighting debt collectors yet and they want to keep it that way. As much as others like to malign those deep in debt, the vast majority of debtors ...

Understanding 1st Party and 3rd Party Collectors

I have been following the How to Fight Debt Collectors series and noticed that the articles are all geared towards third party collections. For 3 years, I worked as a first party collector in the collections department for a mortgage company.

During that time, I learned a lot about debt, people, and collection law. I did some things that may ...

New video for consumers facing debt collection

During uncertain economic times, it’s especially important that people not only know how to manage their debt, but also their interactions with debt collectors. To remind people of their rights—and debt collectors of their obligations—the Federal Trade Commission (FTC) is featuring a new video highlighting the rights of consumers whose debts have gone into collection, and the rules of ...

A Classic Debt Collection Story

Last week I asked email newsletter subscribers for their experiences with debt collection agencies. I’ve been fortunate never to have crossed paths with a debt collector so I was looking for stories to help put me in the shoes of those who have.

I read about stories of people paying off debts but through some clerical error, the debt was ...

Writing Your Debt Collection Dispute Letter

Debt

This is the first guest post in a special How to Fight Debt Collectors series on Bargaineering.com.

Writing a debt collection dispute letter is the first line of defense against a debt collector. Make them prove that the debt is legitimate before you do anything. Just because they have your name doesn’t mean the debt is legitimate. If you don’t remember ...

How to Research Debt Collectors & Understand the Law

Debt

This is the first guest post in a special How to Fight Debt Collectors series on Bargaineering.com.

So youâ??ve received a debt collection call or letterâ?¦

In this day and age where you have rampant foreclosures, layoffs and job losses, it is simply inevitable that an individual may come across a debt collector, and frankly even without these external factors, it may ...

Statute of Limitations

The statute of limitations on a debt keeps debt collectors from collecting on it forever. The limit varies by state and depends on the account’s last date of activity.