Personal Bankruptcy

Our society has developed immunity to debt collection methods. Debt collectors in the US stoop to realize the payments. Most often debt collectors end up in harassing while employing aggressive methods to squeeze money from you.
Debt collectors or collection agencies that they work for, employ methods that are considered illegal and can be sued under [...]

As debtors you will want to look for an easy solution to the sticky situation you have gotten into – not being able to pay the debt. You and the creditor may come into an agreement over the debt and he will agree to charge off the debt because it has become worthless. It is [...]

The Fair Debt Collection Practices Act (FDCPA) was shaped by the Federal Trade Commission (FTC) and passed by the Congress to ensure fair and lawful debt collections. This Act regulates debt collectors to ensure the rights of consumers for fair collection of debts.
The FDCPA requires the debt collectors to follow certain laws. These laws are [...]

The Fair Debt Collection Practices Act (FDCPA) has a set of rules that determine what can be termed as harassment by the debt collector. Harassment can be either written or verbal. Calling you repeatedly at home or work place is a form of harassment. Harassing in any form is considered a severe violation of the [...]

The Fair Debt Collection Practices Act (FDCPA) was passed by the Congress and is enforced by the Fair Trade Commission (FTC) to ensure fair debt collection by debt collectors. The Act has laid down laws to regulate the debt collection practices. Under this Act it is imperative for the bill collectors and collection attorneys to [...]

Easy money lures some people to get into unfair practices. Debt collectors get lured by money that can be churned by playing with minds. They resort to emotional blackmail and try to weaken you relating to loan thereby making you commit for the payment of the loan.
It is worthwhile to note that many people do [...]