Credit card debt in America has reached unprecedented levels, with total consumer credit card balances surpassing $1.17 trillion in 2024. This marks a concerning increase from the previous quarter ...

The reality is that the debt collection process is designed to make you feel pressured and powerless. You're actually in a stronger position than you might think, though.

The Fair Debt Collection Practices Act (FDCPA) gives you 30 days from the initial contact to request verification. Once you send this letter, the collector must stop collection activities until ...

The debt collection process Debt can be debilitating and hard to eliminate. However, ignoring debt collectors can result in further damage to your credit score and your creditor taking you to court.

Medical debt collection is a highly sensitive and complex process made more challenging given today’s inflation and rising delinquency rates among patients’ broader consumer debt load. Many ...

Debts can be sold. The video cites 15 USC 1692, also known as the Fair Debt Collection Practices Act, to support its claims.The act spells out limitations on how debt collectors can try to collect ...