Debt Collecting and the CFPB: How They Interact
The current director of the CFPB, Mick Mulvaney, was nominated by President Trump to lead the Office of Management and Budget in January 2017
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Collection Agencies: Why Staying in Compliance is Good Business
Around 4,000 debt collecting agencies are operating in the U.S. With that many agencies, choosing what is best for a business can be difficult.
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What The Recent Rise in Bankruptcies Means For You
Just because bankruptcies are on the rise doesn’t mean you have to let your debts go unsettled. This article to help you with your debt collection.
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The Impact of Credit Cards on the American Economy
The debt collection industry is essential to the credit market. By making sure borrowers make good on their delinquent debt. Credit card debt is what drives the US debt collection industry.
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Debtor in Possession: What it Is and How it’s Used
A Debtor in Possession must keep meticulous financial records. If the court or creditors find that court orders aren’t being followed adequately
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Business Need to Know When Collecting Their Bad Accounts
Do: Leverage to Collect the Debt, Impact on Credit Score, Send a Demand Letter, Offer to Settle the Debt, etc.
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What is next after account goes past due?
So what does it mean when your debt goes into the hands of a collection agency. When the past due goes to collections, the company has the choice
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The Snowball Debt Plan: What it Is and How to Use It
Trying to pay off debts are faced with the difficult question of prioritization. What’s known as a debt avalanche - Snowball Debt Plan
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Debtors Go to Jail for Unpaid Debts?
What is a Debtor’s Prison? Back in the old days, if a person owed a debt to anyone, he or she could be arrested and thrown in jail. Under FDCPA
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Mini-Miranda Rights
Mini-Miranda rights were established by the FDCPA of 1977 to guard consumer protection. It gave consumers legal protection against abusive debt collectors
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