Credit card debt in America has reached unprecedented levels, with total consumer credit card balances surpassing $1.17 trillion in 2024. This marks a concerning increase from the previous quarter ...

When a debt collector contacts you, follow these steps to verify the debt: First, don't acknowledge the debt or provide any ...

Digital debt collection also fits into modern consumer behavior, Samat said. More than 60% of the interactions his firm has with debtors happen after hours, when it would be illegal to call.

Debt collection lawsuits filed in Texas have exploded by 73 percent over the last decade. For people who find themselves in the crosshairs of creditors, the debt collection process can seem ...

Contacting you at inconvenient times. Debt collectors are prohibited from contacting you at times they know are inconvenient. Under the FDCPA, collectors cannot call you before 8 a.m. or after 9 p ...

If you’ve lost a debt collection case in court, you should file a claim of exemption, which can protect up to $10,000 worth of your personal property, including money in your bank accounts.

Having an account sent to collections is stressful. But consumers have options — and rights — when going through the process. Here's how to deal with debt collections.

The process of debt collection cannot be separated from the creditors. They issue the credit. They have the contract with the consumer. They hire the debt collector. They ...

The Treasury Department's Financial Management Service (FMS) should review its current process for collecting non-tax debts owed to federal agencies, the General Accounting Office recommends in a ...

Christensen. The debt collection process just got a little more interesting with the recent changes to the Fair Debt Collection Practices Act.Among other things, the new changes allow debt collectors ...