There are many different types of creditors working in the US, and as with any profession, some are more forthright than others. During the last quarter of the fiscal year, you have many creditors or even scammers looking to make their quotas before the year’s out. That is why it’s important to understand the laws…
COVID has caused an unprecedented level of financial devastation: record job loss, businesses destroyed, crippling medical debt….AND YET, THE DEBT COLLECTORS DON’T STOP. Tens of millions of Americans have been forced to choose between putting food on the table or paying bills. And while the rest of us are coping with disaster, some unscrupulous debt…
In today’s credit-based society, almost all adults have at least some consumer debt: a mortgage, a car loan, student loans, credit card debt, or medical debt. While many people have heard of the Statute of Limitations, not everybody understands what it is. The statute of limitations is the time beyond which you can no longer…
Credit reports contain your credit history, status of various credit accounts, information about loans, debt, and more. Credit reports also contain a credit score that represents your “credit risk” (aka how likely you are to make payments back to a lender on time). The “big three” credit reporting agencies are Experian, Equifax and Transunion. In…
1. Maryland’s Miscellaneous Late Fee Statute The greater of:$5 / month, or10 percent of what’s owed For up to 3 months on a single missed payment or 1.5 percent of the amount that’s past due This fee can be charged until the owed amount is paid) Being Harassed About Your Debt? Click Here for Expert…
If you’re in debt or owe some money, you’re not alone! It’s estimated that 80 percent of Americans have some form of debt, for things like a mortgage, rent, student loans, credit cards, medical debt, or condo/HOA fees. Perhaps the debt is the result of identity theft, or from surprise medical bills. Here’s where debt…
Identity theft is a huge problem in the United States — in 2019, there were over 13 million victims of identity theft costing these consumers over 3.5 billion dollars out of their own pockets. However, it’s important to know that “identity theft” is an umbrella term that could refer to a number of different problems….
It seems that most people see identity theft as a shady individual scouring the Internet and recycling for people’s passwords, bills, and information to steal and take advantage of. While this form of theft happens, identity theft protection shouldn’t stop with shredding your mail and installing malware protection. You should be equally informed about familial…
In 2015, the Consumer Financial Protection Bureau (CFPB) settled an enforcement action against the Encore Capital Group (the parent of Midland Funding, Midland Credit Management and Asset Acceptance). The Encore group has an annual revenue of more than $1 billion dollars. The 2015 consent order required Encore, Midland and Asset Acceptance to follow consumer protection…
1. It’s Less About the Debt and More About You 2. Know and Show Your Debt Click HERE to Learn More About Debt Collection Lawsuits 3. Address Your Debts Debts, regardless of their source, are less of a problem if you admit to them and address them. If you do owe money, be prepared to show that you have…