Student Debt in the Headlines

The issue of growing student debts continues to be in the headlines this week with a number of commentators suggesting the size of loans are a problem for the economy. Recent graduates are often struggling to pay debts and are delaying major purchases and entering into mortgages which affects the entire...

Debt Collector Scammers!

Unfortunately there has been an increase in the number of criminals running various scams in the United States since the global financial crisis. This is due to a number of factors but the advent of the Internet allows the scammers to obtain more data and reach more potential victims very quickly. Some...

Updates for Debt Collection Laws

For many consumers, being in debt is a shameful experience. They are hesitant to tell friends and family because they think it’s a sign they aren’t managing their life well or aren’t in a successful position. To make matters worse, once a person is in a substantial amount of debt that...

Dodgy Debt Collectors Strike Again!

A news story from Minnesota has once again highlighted some of the dodgy practices undertaken by less scrupulous debt collectors! Minnesota State Attorney General Lori Swanson has sued a debt collection firm for illegally collecting on debts which had already been sold by the debt holders Wells Fargo an...

Unfair Debt Collectors

Proof of misleading, abusive and gross misrepresentation by debt collectors businesses have been found in abundance with decades of unsavory actions on record. As such, Fair Debt Collection Practices Act or FDCPA was enacted by the Congress in 1977 to reduce the increasing cases of aggressive and unfair debt...