Knowing your rights during debt collection can protect you from harassment, misinformation and costly mistakes.
Before you hand over money to a debt collector, take these steps to protect both your finances and your rights.
If you have unpaid credit card bills that are sent to collections, you have several options when it comes to repaying the debt. You can wait for the debt to reach the statute of limitations in your ...
Right now, credit card rates are sitting at their highest point in recent history. As a result, credit card balances are ballooning — the average cardholder owes nearly $8,000 currently — and payment ...
In a related trend, state courts are seeing a spike in debt collection lawsuits. Court filings surged in 2023 and 2024, according to a Sept. 2 report from the Pew Charitable Trusts, based on data from ...
Debt collection generates more fraud reports to the FTC than any other industry, according to the agency. But even legitimate collectors must follow strict rules. The Fair Debt Collection Practices ...
This could change how collections and repayments work, as private lenders may be less forgiving than the federal government.