Tag Archive | "FDCPA"
Colorado Attorney General Sues Credit Repair Company
It’s bad enough to reach the end of your rope in dealing with your debt. You don’t need to feel like you’re going to be pillaged by someone who tells you they can help. So called “credit repair” companies seem to do more harm than good. In my experience, they’re no better than negotiating a [...]
Continue reading...New Credit Card Law Goes in Effect February 22
Tuesday, February 16, 2010
The Credit Card Accountability Responsibility and Disclosure Act of 2009, goes into effect next week on February 22, 2010. While the Act is supposed to protect consumers from getting in over their heads, I have to wonder if it’s going to. I don’t think it’s going to keep people who are desperate for credit, [...]
Continue reading...What Happens When a Creditor Makes a False Credit Report?
Monday, February 15, 2010
Maybe this has happened to you: You pay off a credit card. The credit card company reports to a credit bureau that you are delinquent on the debt. You dispute the report. The credit card company corrects the report. Then it happens three more times. The credit card company reports default. You dispute. Credit [...]
Continue reading...Can a Debt Collector Call My Boss?
Wednesday, February 10, 2010
Lately, your phone has been ringing non-stop. Your credit card company is calling and wants to know when they are going to get paid. Even worse, they’ve started calling you at work. Can they talk to your boss or co-workers? Human resources? It depends. Generally, without the prior consent of the consumer given directly to [...]
Continue reading...Debt Collection – The Movie
Tuesday, January 26, 2010
photo: http://www.flickr.com/photos/spleeney/ / CC BY 2.0
Continue reading...Four Things Credit Repair Companies Have to Tell You Under Colorado Law
Sunday, January 10, 2010
With more and more people struggling to make ends meet, consumers often turn to so-called credit repair agencies to help get some debt relief. These companies promise to get creditors to reduce the amounts that the debtor owes or to repair a damaged credit report. Nice promises, to be sure. But in my work in [...]
Continue reading...Sixteen Things Debt Collectors Can’t Say
Sunday, January 3, 2010
You’ve heard the stories. Maybe you’ve gotten the phone calls. Debt collectors shouting, shaming, and belittling consumers. It’s bad enough that you find yourself behind on your debts. I am still not convinced that people enter into contracts with the intention of the screwing over the other party. I’d like to believe that, at worst, [...]
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Tuesday, February 23, 2010
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