Foreclosures On The Increase
Research recently collected by RealtyTrac Year-End 2009 Foreclosure Market Report indicates that 3,957,643 foreclosure filings were reported on 2,824,674 United States properties in 2009. Included in this research was scheduled foreclosure auctions, default notices and bank repossessions.
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Statute Of Limitations On Debt Collection
Statute of Limitations on Debt Collection is the amount of time that creditors have to collect their debts by suing you in court and by other legal methods. Once the statute of limitations period is over, the creditors 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! Creditors can collect their debts owed via other legal methods like a debt collection company.
Categories: Business Tags: Business, consumer collection agency, consumer debt collection, consumer debt collection agency, credit card collection, credit card collection agency, credit card debt collection, credit collection, credit collection agencies, credit collection agency, credit collections
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.
Categories: Business Tags: Business, consumer collection agency, consumer debt collection, consumer debt collection agency, credit card collection, credit card collection agency, credit card debt collection, credit collection, credit collection agencies, credit collection agency, credit collections
Respecting Privacy
It is important that debt collectors respect your privacy. According to the Fair Debt Collection Practice Act, debt collectors cannot exchange information about people that owe a debt. They can't distribute a list of debtors to its creditor subscribers. They cannot advertise a debt for sale, or compile a list of debtors to its creditor subscribers.
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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. Although the vast majority of collection agencies are legitimate and good for the economy, there has been a rising amount of deceptive and illegal practices.
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