HelpForDebtors.com - Debt Collection and the FDCPA

Debt Collectors on Facebook?

maggieb — Tue, 13 Jul 2010 15:36:57 -0500

Some debt collectors are turning to social media sites, like Facebook and LinkedIn, to track down debtors. One collector even admits to befriending debtors so they can learn more about them:

"My collectors and skip tracers will put their name in to be a friend to the debtor," [Gary Nitzkin, a credit collection attorney with his own firm, Nitzkin and Associates] says. "And then they can get into their inner circle and talk to their other friends. Find out what they're doing. Are they going boating today — on their new sailboat? Well, guess what? We just found an asset that we can take."

Online Payday Loan - Not Able to Pay Unscheduled Expenses?

timothyburgessyk — Sun, 04 Jul 2010 05:01:03 -0500

Getting payday advances to address your current immediate financial problem is easy and convenient. However, you could do better if you adhere to a few working lines. Here are some tips for you that will come as helpful aid in your obtaining such short-term cash loans on the net and utilizing them to the best of your respective benefits.

1 Maintain your records prepared and up-to-date

You will have the ability to have your on the internet payday advance application prepared and approved quickly if you are able to keep your files ready along with up to date. The records that you are required to retain relate to your working history, employment status, monthly income, your social ssn, and bank account statement.

Unsecured Debt Consolidation Loans

melissaandrews86 — Mon, 15 Feb 2010 07:30:41 -0600

The types of loans which do not have any security kept over them by the lenders are called unsecured debt consolidation loans. In such types of loans no collateral or a guarantee such as your car or your house is needed. Typically these kinds of loans are difficult to attain by people who have serious debt problems, and who cannot provide any collateral guarantee. The risk for the lender is more in such loans.

The unsecured debt consolidation loan is gaining popularity since unlike the secured debt consolidation loan, there is no need to put your residence at risk. So this is a much better way to dealing with debt management, rather than going in for a secured loan consolidation. The rate of interest for unsecured debt consolidation loans is higher than the secured type of loans. The rates are high in order to protect the interest of the lenders. All the lender and borrower have to do is sign a contract, and the deal can be finalized with just a signature.

New! Video on dealing w/ debt collectors

maggieb — Thu, 10 Dec 2009 10:43:26 -0600

The FTC created a new video for consumers to explain their rights when dealing with debt collectors. Check it out here:

http://ftc.gov/multimedia/video/credit/debt/debt-collection.shtm

Good news for BoA customers

maggieb — Tue, 01 Dec 2009 11:22:47 -0600

Bank of America will send its 4 millions credit card customers a one-page letter outlining in clear and simple language various fees and interest rates. It will also explain how interest rates will increase when payments are missed.

Though this letter is voluntary, it reflects the sentiment of federal laws, which go into effect in February, aimed at clarifying banking policies for consumers.

Not included in the letter is how long it will take to pay off the debt paying only the minimum payments; this information will be required on monthly statements starting in February.

Learn more here:

How Do Low Interest Bill Consolidation Loans Help?

billconsolidation — Mon, 30 Nov 2009 04:59:39 -0600

Credit cards are very useful, but they can easily get you in trouble. Depending on the interest rate of one’s credit card, it can even become more difficult to manage the debts. However, if one is already in the financial difficult situation, probably the best way to come out of it to Bill consolidation loans. One can get a debt consolidation loan that has low interest rate. These bill consolidation loans are designed to help people manage their debts in a better way. These loans are offered at a comparatively low interest rate, and they are designed to consolidate different credit payments to one monthly payment. It is advisable to take a loan that offers best interest rate suitable for the debtor. These loans are beneficial in situation where, one is struggling with adjustable loan rates that fluctuate drastically.
A debt consolidation loan doesn’t eliminate one’s debt. However, with consolidate credit card debt, one can start a new plan of payment that is now reformed with lower interest rate. There are different types of Low Interest Bill Consolidation Loans. Some of them are discussed here.

Debt Consolidation - Choose what is right for you

claire989 — Mon, 05 Oct 2009 04:39:49 -0500

Debt Consolidation - Choose what is right for you

If you have been trying to reduce your debt in different ways but still do not see the mountain of debts lowering, this is your fault then. There are many systems available through which you can reduce your debts but if that is not happening there is something wrong that you are doing. So what is it that you can do to improve your situation?

If you have already fallen in the vicious circle of excessive debts then there are only two options that remain for you. They are debt consolidation or Debt settlement, with the exception of bankruptcy. Bankruptcy is always an option but with the changing laws, it is no more an easy option, and again in any case, the above-mentioned options should always be explored before filing for bankruptcy. Remember, bankruptcy will affect your credit rating adversely for another seven years to follow.

Best Bad Credit Car Financing Options

usedcars1 — Thu, 01 Oct 2009 06:25:42 -0500

Best Bad Credit Car Financing Options

When a borrower faces financial problems like bankruptcy, late payments and missing payments it reflects on the person’s credit score, which is termed as a bad credit score or simply as bad credit. It is often difficult to obtain loans when the credit rating is not good. But today it is possible to avail various loans in spite of a bad credit rating and the Bad Credit Car Finance Loans is one such loan that has been specially designed for people who are in need of used cars finance or used car loans with bad credit.

job certificate being threatened

tornado — Wed, 05 Aug 2009 03:38:34 -0500

I received a call saying that I had 5 days to come up with $1,300 or I would lose my CNA certificate. Needless to say it freaked me out exptremely since this is how I make my living. This collection agency hasn't attempted to try and garnish my wages so my question is, can they do that? They just recently sued me, and that hasn't even gone through. I would declare bankruptcy but I did so already in 2005. All of my bills are medical and since one of my children have a pretty serious medical condition-I always owe one doctor or hospital money.Can collections take away my CNA before garnishment-I don't know why they think they could get money from me if they make me lose my job, kinda funny.

Taking on & beating the evil CCA!

PunchAndJudy — Thu, 02 Jul 2009 15:53:42 -0500

Here comes the CCA begining on May 26, 2009 with it's opening salvo of threats or lawsuits, wage garnishment, taking to abitration on-and-on.

What the monkey on the other end of the telephone doesn't understand is that the person he has contacted can actually read, imagine that!

Since May 26, 2009 I've got 10 'contact' violations under section 807 of FDCPA, 4 'threats of actions they can not take' under FDCPA and 13 THIRTEEN under section 807/807 of FDCPA.

They received and signed for a Debt Validation letter your best weapon of mass destruction on June 8th, 2009 and most of these violations have occured since that date. They simply can not provide the validation information that they would have to provide in a Courtroom, just can't do it otherwise when last Fridays 'final call before abitration' would be filed for they wouldn't have called me again on Tuesday June 30th with yet another final chance to avoid arbitration.