RSS feed for Debt Collection Guide

About Debt Collection Agencies

When you miss payments on your debts, you’re not the only one who gets into trouble Your creditors, the businesses that you owe money to, also feel the crunch For every month that you don’t pay, they will lose more and more money For smaller businesses, this can be devastating This is where debt collection agencies come in When companies find that pursuing you for payments is taking to.....More on Debt Collection

Debt Collection Practices: The Dos and Don’ts

It may be true that you do owe money to the debt collector who is standing at your door However, that doesn’t change the fact that you are still a client and you deserve to be treated fairly You have the Fair Debt Collection Practices Act to protect you This act will help you fight back when your debt collector displays actions that can be considered bad debt collection practices By under.....More on Debt Collection

Understanding Debt Collection

The words ‘debt collection’ bring a lot of panic and anxiety to individuals who are in debt It may be your student loans, your mortgage on your house or your car payments No matter what the debt may be, debt collection is something that every debtor has to face After all, your creditors and lenders need to get their money back So when you answer your door bell and you come face to face.....More on Debt Collection

The Importance of Understanding the Debt Collection Statute of Limitations

Debt collection is covered by the statute of limitations The statute of limitations refers to the law that sets a deadline for law suits For every type of case, the law sets a certain timeframe for people to sue Normally, the debt collection statute of limitations set the timeframe according to the date of the event’s occurrence In reference to debt collection, it means that after the design.....More on Debt Collection

Fair Debt Collection Practices Act: Dealing with Abusive Debt Collectors

In an effort to make you pay, some debt collectors may resort to unethical means They may falsely threaten you with law suits or repossessions They may call you incessantly or use derogatory language that will embarrass and humiliate you However, these things don’t have to happen The United States actually has a Fair Debt Collection Practices Act that protects individuals from the abusive be.....More on Debt Collection

The Basics of Debt Collection Software

Debt collection software is a program that helps companies track debts This software is designed to keep track of payments, fines, penalties and other matters concerning the accounts of debtors Benefits of debt collection software First of all, debt collection software will help you get organized Instead of having piles and piles of paperwork in the office, debt collection software can co.....More on Debt Collection

Knowing your Rights: The Fair Debt Collection Practices Act

Being in debt doesn’t mean that you are at the mercy of your creditors In fact, in 1977, the United States Congress passed the Fair Debt Collection Practices Act Commonly referred to as FDCPA, the Fair Debt Collection Practices Act was drafted in order to prevent debt collection agencies from abusing or harassing debtors This act outlines the limits to which collection agencies can pursue deb.....More on Debt Collection

Dealing with Skip Tracers and Debt Collection

One of the biggest problems that debt collectors face is locating their debtors When a debtor moves to another house in another state, the collection agency often has no clue how to locate him So, how do collection agencies track runaway debtors The solution is easy � they hire skip tracers Skip tracers are people whose sole mission is to locate debtors who moved without giving their new .....More on Debt Collection

What Happens during the Collection of Debt

If you have debts to pay for your credit cards, student loans, mortgages or car payments, you should be diligent about making the required payments If you repeatedly miss payments, your account may be turned over to an agency for the collection of debt Once your creditor has grown tired of pursuing you for payments, the collection agency will assume all the responsibilities related to the co.....More on Debt Collection

Dealing with Debt Collection Letters

If you have missed payments for any of your debts, there is a chance that you will have debt collection letters piling up on your desk These letters will remind you of all the money you owe to certain people or certain companies However, before you shove those debt collection letters into your desk drawer, try looking at them Once you start acknowledging these letters, you’ll have less anxiet.....More on Debt Collection

What Fair Debt Collection Means to You

So, you may have missed some payments on your mortgage Or, you may have failed to respond to calls from your creditor Despite the fact that you may have failed to keep your end of the contract, you still have the right to be treated fairly during the process of debt collection Fair debt collection involves the use of proper tools to evaluate your situation It also gives you ample time to re.....More on Debt Collection

Debt Collection Techniques: How to Collect Debt Successfully

With Americans owing billions and billions of dollars in debt, both creditors and collection agencies are feeling the pressure Debt collectors must employ techniques that will encourage debtors to pay Successful debt collection techniques will help the collector get the account settled immediately On top of the pressure to collect debt, debt collectors still have to be mindful of the laws that .....More on Debt Collection

RSS feed for Debt Collection Guide

﻿About Debt Collection Agencies

﻿Debt Collection Practices: The Dos and Don’ts

﻿Understanding Debt Collection

﻿The Importance of Understanding the Debt Collection Statute of Limitations

﻿Fair Debt Collection Practices Act: Dealing with Abusive Debt Collectors

﻿The Basics of Debt Collection Software

﻿Knowing your Rights: The Fair Debt Collection Practices Act

﻿Dealing with Skip Tracers and Debt Collection

﻿What Happens during the Collection of Debt

﻿Dealing with Debt Collection Letters

﻿What Fair Debt Collection Means to You

﻿Debt Collection Techniques: How to Collect Debt Successfully