The Fair Debt Collection Practices Act (FDCPA) requires that debt collectors treat you fairly and prohibits certain methods of collection. Debt collector as defined by FDCPA; “Any person that is into the business or who regularly collects or attempts to collect debts is a debt collector”. The FDCPA was passed because of abusive, deceptive and unfair debt collection practices. The FDCPA covers:
1.what debts are covered
2.how debt collectors may contact you
3.how to stop a debt collector from contacting you
4.who else and how a debt collector may contact about your debt
5.what you must be told about …

Debt owed to the Internal Revenue Service (IRS) is called IRS debt or tax debt. IRS debt may be a very stressful situation for a consumer to deal with. When tackling one’s IRS debt, the first step in doing so is deciding if …

It’s no secret that Americans are struggling financially. Massive layoffs, inflation, unaffordable healthcare, skyrocketing gas prices and hiked-up interest rates on credit card accounts are plunging millions of consumers to the brink of bankruptcy. However, many of the would-be bankrupt are turning to a less drastic solution to their debt problems: debt settlement.

A Super-Short History of Debt Settlement

Debt settlement is nothing new. It’s simply an agreement between two parties to settle a debt for less than the outstanding balance. Lenders have been doing this for hundreds of years, but the modern American banking …