How to Deal with Debt Collectors

5 Steps to Take When You Don’t Recognize Debt

January 31, 2016

Creditors and debt collectors commonly contact consumers who fall behind in making debt payments. Sometimes, however, creditors may contact the wrong person about an outstanding debt. Other times, scam artists can pose as debt collectors to try to get personal information from consumers in order to commit identity theft. In the event you are contacted…
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5 Ways Delaying Bankruptcy Can Majorly Cost You

January 10, 2016

Managing debt is part of life for many people. When that debt becomes overwhelming and unmanageable, however, ignoring the problem – and putting off bankruptcy or other debt relief options – can be ruinous. That’s because debt won’t disappear and creditors will become increasingly determined to collect the monies owed to them. Overtime, if borrowers…
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Can Bankruptcy Stop Wage Garnishments?

October 31, 2015

Whether or not bankruptcy can stop wage garnishments will depend on whether the garnishment has already gone through. Specifically, when people file for bankruptcy, a court injunction known as an automatic stay will immediately go into effect. The automatic stay will halt creditors from taking any additional action against bankruptcy petitioners – and this includes…
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Stop Debt Collectors from Contacting You with This Letter

October 21, 2014

When debt collectors are continually contacting you about some debt that you do not actually owe them, sending them a formal written letter to dispute the debt and to tell them to stop contacting you will be important. Below is a sample letter that you can use to permanently stop debt collectors from calling you…
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Complaints against Debt Collectors on the Rise, Report Reveals

August 31, 2014

More consumers are filing complaints against debt collectors for their allegedly harassing and abusive tactics, according to the findings of a recent report published by the Consumer Financial Protection Bureau (CFPB). As this 2014 report found: From July through December 2013, the CFPB handled more than 30,000 complaints against debt collectors. Throughout 2013, the Federal…
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Want to Get Rid of Bill Collectors? Follow These 5 Steps (Pt. 2)

April 22, 2014

Continuing from Want to Get Rid of Bill Collectors? Follow These 5 Steps (Pt. 1), below, we will continue our discussion of what borrowers can do to stop creditors and bill collectors from calling them and/or sending them letters when they have missed debt payments. If you have already tried these options and/or are ready…
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Want to Get Rid of Bill Collectors? Follow These 5 Steps (Pt. 1)

April 17, 2014

When you miss one or more payments on a loan or other debt, creditors and bill collectors may start calling you and sending you letters to ask you about what happened and when they can expect payment. These calls and letters, while annoying, can also be highly stressful, especially when they may be coming from…
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How to Deal with Debt Collectors (Part 2)

October 27, 2013

As a continuation of How to Deal with Debt Collectors (Part 1), the following is some further advice regarding what borrowers can do to empower themselves when dealing with debt collectors. While these tips on how to deal with debt collectors can help borrowers avoid being or feeling harassed by creditors, they can also help…
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How to Deal with Debt Collectors (Part 1)

October 25, 2013

Owning money on multiple debts that may not immediately or readily be able to make payments on can be both embarrassing and stressful, particularly if the debt collectors are regularly calling you and/or sending you letters  trying to collect on the debts owed. While you may want to take the ostrich route and hide your…
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