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If a collection agency bought your 10-year-old retail card debt and has started putting it on your credit report with a different date, for example, you may be able to remove that collection item ...
Deciding to go to graduate school can be a huge benefit to one’s career, but it can also bring thousands of dollars in debt — some of which might not be paid off in the near future, or ever ...
Ignoring debt collectors pursuing valid debts can damage your credit score and report. You should listen to them, but don’t volunteer any information during any initial communication.
U.S. state laws on fair debt collection generally fall into two categories: laws which require persons who are collecting debts from consumers to be licensed, registered or bonded in order to collect from consumers in their states, and laws that protect consumers from specific unfair practices by debt collectors, which may include collection agencies and sometimes original creditors. [2]
A bad check restitution program (BCRP) is a program in the United States that works to retrieve funds from bad check writers in order to repay moneys owed to the recipients of the checks. In other words, these are debt collection operations. Many of these programs are operated by private companies that add fees that may exceed $200, regardless ...
Debt collectors can also decide to sue you for unpaid debts, at which point they can request a court order to garnish your wages or take money from your bank account.
The Fair Debt Collection Practices Act (FDCPA), Pub. L. 95-109; 91 Stat. 874, codified as 15 U.S.C. § 1692 –1692p, approved on September 20, 1977 (and as subsequently amended), is a consumer protection amendment, establishing legal protection from abusive debt collection practices, to the Consumer Credit Protection Act, as Title VIII of that Act.
It was 2010, and Scott had just graduated from college with a bachelor’s in economics, a minor in business and $30,000 in student debt. At some of the interviews he was by far the least qualified person in the room. The other applicants described their corporate jobs and listed off graduate degrees. Some looked like they were in their 50s.