Tag Archives: overseas debt collection
Debt Collectors Turn To Facebook To Locate Elusive Debtors
The times they are a changing, and chances are your debt collector is changing with them. If you have been contacted by a debt collector before, you are most likely aware that most collection agents are strictly regulated by the Fair Debt Collection Practices Act- a federal law that dictates how they can approach you and proceed with the collection process.
The Essentials Of Debt Collection Part One
This is the first article in a three part series on the very basics of debt collection. When you take out an account, and don’t pay your account bills on time, the account goes delinquent and your bills turn into debt. A debt collector is a person whose job it is to try and get in contact with you and retrieve that money, or in other words, collect the debt.
More Complaints About Collection Agencies Are Being Reported
The proof is in the pudding, and here it is. The amount of lawsuits and complaints about abusive, illegal and strong arm collection tactics that some dishonest debt collection agencies use to collect has increased significantly in the past couple of years. Attorney Michael J. Koopmans, a lawyer who represents debtors who have been wronged weighs in with his opinion. According to Koopmans, he handles thirty to fifty cases at one time, all of them clients who claim that they have been bullied, harassed, and even threatened by collection companies.
How Do You Invest In Bonds And What Are The Risks?
Stocks and bonds. Doubtlessly, you’ve heard of them, and if you have been reading my articles, you know what they are. If you haven’t, here is a quick update: stocks represent a fraction of ownership in a company, and a bond represents money that a company “borrowed” and has to pay back on set dates. You may have heard that bonds are “safer” to invest in than stocks, but is this true? How are bonds traded, and what are the differences between a stock market and a bond market? Hopefully, this article can put these questions to rest.
Which Financial Issue Do You Tackle First? Mortgage Or Credit?
What happens if your income decreases? You have less money, but the amount of debt you owe remains the same. What’s the best way to prioritize payments? If you have credit cards chances are you might also have personal loans and a mortgage.