DIY-ALLY FeedWhether an unexpected expense depletes your budget, you’re going through a period of financial difficulty, or you’re simply overspent, it happens to the best of us at one time or another. When you can’t make your monthly credit card payment, […] ↓ Read the rest of this entry…
Definition: A bill proposed by Rep. John Conyers (D-Mich) and Rep. Chris Cannon (R-Utah) that would allow businesses to negotiate their credit card transaction fees. Since merchants often recover these high fees by increasing their prices, consumers will likely receive […] ↓ Read the rest of this entry…
Your credit card issuer has the legal right to close your credit card account when it thinks that’s the best decision. When you go years, or even months, without charging anything on your account, don’t be surprised if the credit […] ↓ Read the rest of this entry…
Use this letter to request debt collectors to remove a collection accounts from your account in exchange for payment. Replace the bold items with your unique information. Your Name Your Address Your City, State Zip Collector’s Name Collector’s Address […] ↓ Read the rest of this entry…
Time-barred debts are debts that are too old for creditors and debt collectors to sue you for. Each state’s laws dictate how long a debt collector can sue you for a debt. This period is known as the statute of […] ↓ Read the rest of this entry…
Question: When Can Debt Collectors Call Answer: Debt collectors seem to call at the most inconvenient times, don’t they? Actually, anytime someone calls asking for money is an inconvenience. There’s nothing pleasant about being pressed to pay a bill, especially […] ↓ Read the rest of this entry…
The Fair Debt Collection Practices Act, FDCPA, dictates how debt collectors can act when collecting a debt from you. These are things a debt collector can’t do. If you need to reference the law, citations have been provided. 1. Ask […] ↓ Read the rest of this entry…
The Fair Debt Collection Practices Act defines what third-party debt collectors are and are not allowed to do when they’re collecting a debt from you. Knowing your rights with debt collectors can save you much headache and even keep you […] ↓ Read the rest of this entry…
The Fair Debt Collection Practices Act gives you the right to stop calls from debt collectors but you have to put your request in writing. What if you send your cease and desist letter to stop calls and the debt […] ↓ Read the rest of this entry…
It’s common to get wrong calls from debt collectors, especially if you’ve recently changed your number. You can probably understand why that number’s previous owner didn’t give the collectors new contact information; they may have even changed their number to […] ↓ Read the rest of this entry…
