Rising Foreclosures This Year
Recent research by RealtyTrac Year-End 2009 Foreclosure Market Report reveals that 3,957,643 foreclosure filings were reported on 2,824,674 U.S. properties in 2009. This includes scheduled foreclosure auctions, default notices and bank repossessions.
What Are Statute Of Limitations?
Statute of Limitations on Debt Collection is the amount of time that businesses have to collect their debts by suing you in court and by other legal methods. Once the statute of limitations period is over, the businesses cannot sue you in court. However, the debt that you owe STILL REMAINS. Do not think that once the statute of limitations period is over, your debt will disappear. It will not! Businesses can collect their debts owed via other legal methods like a debt collection company.
How To Get Out Of Debt
Debt elimination involves three steps:
Are You Being Haunted By Zombie Debt?
Just like the phoenix that rises from the ashes, so does so-called zombie debt. A consumer may think it's dead, but it keeps coming back to haunt them.
Laws That Can Help During Tax Season
In an economic downturn the changes seem sweeping. Just last year a number of tax laws were created to bail us out of dire situations. These are a few new tax laws that you should know about.
Privacy And Debt Collection
It is crucial that debt collectors have respect your privacy. According to the Fair Debt Collection Practice Act, collections agents cannot exchange information about persons that owe a debt. They can't distribute a list of debtors to its creditor subscribers. They cannot advertise a debt for sale, or create a list of debtors to its creditor subscribers.
Bill Collection 101
If the debtor agrees to pay the bill, the debt collector will put this commitment on file and will check up later to ensure that the payment was made. If a debtor doesn't pay, the collections agent will then prepare a statement about their delinquency for the credit department of whoever they work for. In extreme cases, collectors may call for repossession, hand over the account to an attorney or disconnect service.
What Can A Collection Company Do?
What is a collection company?
Scranton Tax Payers Might Have Received A Collection Letter They May Not Have Deserved
More than 200 Scranton taxpayers might have been mailed a letter from a collection agency they didn't deserve. The notices are for unpaid garbage fines that might have actually been paid. According to officials, the garbage bill itself for 2009 could be to blame for more than 200 collection notices that were sent to city taxpayers in error last week.
Debt Collection Scams: Protecting Yourself
The government is stepping up as debt collection scams rise. In recent news, Buffalo New York has been home to a number of unlawful debt collection practices, and authorities have arrested at least twelve people. Even though the vast majority of debt collection companies are good for the economy and very much legitimate, there has been a rising amount of deceptive and illegal practices.
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