Unsecured Debt Poll

Unsecured Debt Poll

Please take a moment to respond to our poll concerning the amount of unsecured debt for American households.  Even if you are simply here browsing our site, your response will help us deliver better quality content for our customers.  Your privacy is critical to us and your answer will remain anonymous.  Our aim is to get as accurate information as possible so please be honest in your response.  This research will give us an up to date view of the average amount of debt per American household.   This Poll Has Been...

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Top 10 Reasons People Utilize Debt Relief

Top 10 Reasons People Utilize Debt Relief

According to Fitch Ratings, although the 60-day delinquency rate on credit cards is flat from 2009 to 2010 at about 4.5%, the number of default cards hit a peak of 11.37% in March 2020 the second highest level ever. Even though Bankruptcy filings continue to rise to over 1.5 million, many Americans are still turning to alternative debt relief options in order to regain a financial foothold. Listed below are the top 10 reasons why many people choose Debt Settlement and/or Debt Elimination.   10.) Professional Representation Options 9. ) Stop Collection Calls and Letters 8. ) Interest Stops Compounding 7. ) Lower Stress by Taking Action 6. ) Avoid Bankruptcy Proceedings 5. ) Less Money is Paid Than What is Owed 4. ) FTC Regulations Have Made it Safer 3. ) Debts are Paid Off Faster 2. ) Clients Regain Control of Their Money 1. ) Immediately Lowers Monthly Bills...

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Collections and Telephone Calls

Collections and Telephone Calls

How to Stop Collection Calls Consumers have multiple laws at their disposal regarding their credit reports and debt collection. One of the most important laws regarding collection agencies and the collection of debt is the Fair Debt Collection Practices Act (FDCPA). This law provides behavioral standards for acceptable third-party collections. According to this law, at all times, debt collection agencies must treat the consumer with courtesy, respect and fairness. The FDCPA prevents bill collectors from using profanity, making threats, falsely inflating the amounts owed, bullying the consumer or engaging in other abusive tactics. Moreover, this consumer protection statute requires collectors to provide full account history and proof of account ownership before being able to collect a debt or even to report information about it to credit bureaus. Unfortunately, there are collectors out there that don’t abide by the rules. So you benefit by knowing your rights. The except above is from the Lexington Law Blog to view entire post please visit their site by clicking...

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Fair Debt Collection

Fair Debt Collection

Fair Debt Collection Practices Act Against the backdrop of the recent recession, many people, through no fault of their own, are finding themselves in situations where they cannot afford to pay their bills. This all-too-familiar scenario has created a surge in consumer collection accounts as well as a rising number of complaints about overly aggressive bill collectors and their abusive tactics. In March of 2011, the Federal Trade Commission (FTC) released a Congressional report that demonstrated that in 2010 there was a 17 percent rise in the number of complaints involving consumer fair debt collection. Moreover, complaints about third-party bill collectors rose by a stark 25 percent. Overall, in 2010, consumer complaints about abusive and unlawful debt collection practices superseded every other compliant category except for identify theft. Perhaps not surprising because of easy access, the most frequent occurring complaint about these debt recovery agencies was telephone harassment of the debtor. Other complaints included the misrepresentation of amounts owed, demanding unlawful fees, contacting the consumer during prohibited times and more. The except above is from the Lexington Law Blog to view entire post please visit their site by clicking here...

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