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Credit Card Debt Problems
What to Do If You Hit the Debt Mire
When debt goes bad, it becomes more than just a financial problem. It can take over your life. If you have a debt problem the earlier it is handled and dealt with, the less likely it'll turn into a crisis, and...
Debt Collecting Q & A Issue #6
DEBT COLLECTING Q & A - Issue #6
By Jim Finucan
© Tiare Publications Group
385 words
Q) Jim: How can I be sure that I've gotten to the heart of the problem when I suspect the debtor is being insincere, or even dishonest?
A) Use a...
Debt Consolidation Mortgage Loan - Pros And Cons
Debt consolidation mortgage loans can help you lower your
interest rates and monthly payments. With reduced rates, you can
also pay off your debt sooner. However, reducing your equity
could subject you to private mortgage rates. You may also end...
Pay Down Your Debt Now. Don't Wait For The Perfect Situation.
The number one reason people don’t get out of debt is they don’t try. This may apply to you. You want to, but never seem to do it. You put it off for whatever reason. Sometimes, you want to wait for your life to be just right before you...
What Are The Benefits and Consequences Of Getting Rid Of Debt The Easy Way
We have all experienced getting so far in debt we don’t know how we’re going to get out. There are many different options that you have for quick relief with benefits and consequences. You can look at the overview and see which option is the...
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Debt Collection Malpractice
Due to the apathetic nature of debtors and the persistent nature of creditors, there have been serious blow-ups that have happened during the many years of the Debt Collection industry's existence. It could have been as minor as verbal disagreements. But, it could have also been as grave as lawsuits, threats, or even actual acts of physical harm.
This is why the Fair Debt Collection Practices Act was established in the United States of America. The law is meant to prohibit abusive practices by debt collectors. And these practices can be summarized into three.
1) False Statements and Actions
Some collectors are good actors, while some are better strategists. But debtors should always be cautious because collectors are usually good with words and could sense what the average debtor fears, since they have already interacted with a lot of them. Forcing a debtor to divulge information or pay by means of misleading statements and actions is never acceptable to the law.
Among the common misleading statements and actions that collectors could make are:
-Falsely accuse the debtor of committing a crime
-Threaten the debtor that he/she will get arrested
-Pretend to be people who they are not (E.g. Government personnel, Lawyers)
-Imply that legal documents have already been sent or are on the way even if these aren't
-Alter the amount of the debt
-Use
of falsified documents, especially those of legalities
2) Unfair Practices
The most unethical of collectors sometimes charge a debtor an amount that is separate from his/her actual debt. This shouldn't be the case unless there is really a provision by the law. Collectors can also mislead debtors into paying for collect calls and telegrams they use. Baseless legal threats are welcome additions in this category as well.
3) Harassment
This is the worst form of abuse that collectors could commit because the acts under this category can cause more serious physical, emotional, and psychological effects on a person.
Some of the acts are:
-Use threats of physical harm or violence
-Use of profane language
-Public humiliation of debtors with the use of print and broadcast media
Make sure any collection agency you select for your business is not violating any collection laws. About the Author
Steve Austin is a regular contributor to Let No Debt Remain Outstanding (<a target="_new" href="http://www.let-no-debt-remain-outstanding.com/">http://www.let-no-debt-remain-outstanding.com/),
a website with articles on choosing a
<a target="_new" href="http://www.let-no-debt-remain-outstanding.com/">
collection agency, along with recommended the best collection agencies.
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Advertisements Promising Debt Relief May Be Offering Bankruptcy |
Cautions consumers about ads in newspaper, magazine and telephone directories that offer quick fixes for debt problems. |
www.ftc.gov |
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Welcome to Debt Relief International |
Welcome to the web site of Debt Relief International. |
www.dri.org.uk |
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Debt relief steps, your free guide to debt help. |
Articles on debt relief, and credit management and repair. |
www.debtsteps.com |
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Factsheet - Debt Relief Under the Heavily Indebted Poor Countries ... |
The HIPC Initiative is a comprehensive approach to debt reduction for heavily indebted poor countries pursuing IMF- and World Bank-supported adjustment and ... |
www.imf.org |
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Special report: debt relief | Special reports | Guardian Unlimited |
February 6: A year ago the Guardian set out to track the west's promises of action for Africa on aid, trade, health and debt relief. As G8 finance ministers ... |
www.guardian.co.uk |
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Debt Relief Options - Findlaw for the Public - |
Welcome to Debt Relief Options. This section contains information about the ... To begin, select one of the Debt Relief Options topics from the list below ... |
bankruptcy.findlaw.com |
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William Brewer |
The Brewer Law Firm. William E. Brewer, Jr., Attorney at Law Board Certified Consumer Bankruptcy Specialist. 619 N. Person Street Raleigh, NC 27604 ... |
www.debtrelief.com |
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Debt Relief - InCharge Debt Solutions |
There are many ways to get out of debt, for good, and it may be easier than you think. The first step is knowing your options, the second step is taking ... |
www.incharge.org |
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Economic Policy and Debt |
May 2006, IMF And World Bank Support Cameroon’s Completion Point Under The Enhanced HIPC Initiative And The IMF Immediately Grants 100 Percent Debt Relief ... |
www.worldbank.org |
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Economic Policy and Debt - The Enhanced HIPC Initiative |
The Initiative’s debt-burden thresholds were adjusted downward, which enabled a broader group of countries to qualify for larger volumes of debt relief. ... |
www.worldbank.org |
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Debt relief - Wikipedia, the free encyclopedia |
Debt relief is the partial or total forgiveness of debt, or the slowing or stopping of debt growth, owed by individuals, corporations, or nations. ... |
en.wikipedia.org |
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Debt Analyzer, Debt Reduction Software, Home Page |
Debt Elimination at its best! Potential savings of hundreds or thousands of dollars! Build debt reduction, timed elimination or consolidation schedules. |
www.debtanalyzer.com |
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Superior Debt Relief |
We help you get rid of credit card debt much faster than you may believe possible with credit card debt settlement and negotiation tactics, providing debt ... |
www.superiordebtrelief.com |
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Debt Relief - Social and Economic Policy - Global Policy Forum |
Aid Inflows, Debt Relief Yet to Translate into Reduced Poverty (March 20, 2006) ... Fearing that the IMF could tie debt relief to economic benchmarks, ... |
www.globalpolicy.org |
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Debt Relief - Global Policy Forum - Social and Economic Policy |
Debt Relief - Global Policy Forum - Social and Economic Policy. The Debt Relief Page Has Been Moved to: ... |
www.globalpolicy.org |
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BBC NEWS | Business | Q&A: African debt relief |
BBC News looks at the progress of international debt reduction efforts, and the sticking points which continue to hamper the process. |
news.bbc.co.uk |
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Debt Relief Australia - Start Reducing Debt Today! |
Debt Relief offers Australians in debt assistance with finding the most appropriate debt relief solution. |
www.debtrelief.com.au |
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Debt Consolidation Australia, Debt Relief & Bankruptcy Information |
Specialising in debt agreements, mortgage refinancing and bankruptcy. Company profile, calculators, solutions, media releases, testimonials and existing ... |
www.foxsymes.com.au |
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Oxfam - Debt and Aid - Debt Relief for Nicaragua: breaking out of ... |
Oxfam policy paper on relationship between international debt servicing and poverty. Linked to table of contents and also zipped for download. |
www.oxfam.org.uk |
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What debt relief means for Africa | csmonitor.com |
This weekend's $40 billion debt cancellation deal could spark major improvements in the lives of the world's poorest people. |
www.csmonitor.com |
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