You apply for loans for various reasons which include auto car loans, credit card loans, home loans, property loans, educational loans and so on. Due to economic and financial crisis and for other unavoidable circumstances, you fail to pay off your debts. This situation gives rise to negative ... Views: 564
Almost everyone among the crowd earns money, but how many of us pay the taxes within time? Only some, the rest hate paying taxes. Then suddenly one fine morning you realize that large account of taxes is pending on your name. But you do not need to worry as the IRS tax debt helps to pay off your ... Views: 557
It’s a dream of every individual to purchase a car. Since it takes a lot of money to purchase a brand new car, most of the people choose to take car loans from any financial institution or any car loan lender. Have you ever heard of auto loan default? Your auto loan comes to a default position ... Views: 1191
There are times when you cannot help but take a loan to overcome certain difficulties regarding financial crunches. And even if you take up a loan willingly for say education or for buying a property, there are times and situation that leaves you unable to repay the loan. There are two ... Views: 684
Taking a debt is not a crime but using abusive means to make a debtor repay the loan is quite a big crime. Hence if you have taken a loan and are now taking the abusive behavior of your lender then do not just sit and suffer silently. There are laws to protect you against unfair debt collection ... Views: 544
Injuries do not come invited in one’s life. They can happen at any time and place. They can also happen while you are at work. In fact the work injuries can be rather serious, especially when such injuries impact your ability to work with full potential. For example, if you work on a machine and ... Views: 736
When you go shopping for products, it is a common thing to buy products as well as services from the market. The company that sells such products and the services promise to the customers to offer their best products and services. It is the quality of the services and the products offered that ... Views: 575
In the United States, millions of law suits are filed. Amongst them, the majority falls in the category of injury cases that usually lead to huge cash settlements. Moreover, strict laws and regulations have been formulated in the recent years to keep a hold on the liberty of the ordinary ... Views: 600
A debt is incurred when a person borrows money from a lender against collateral and a promise to return the money along with the interest after a certain period of time. It is always advisable to pay once debts in time. Failure to repay a debt or loan leads to serious consequences and might ... Views: 630
During the recent times, there has been a steep increase in the financial scams all over the world. This is one major reason why almost all the banks and the private financial institutions have come up with some really strict rules and conducts in order to protect their financial records as well ... Views: 559
After a student graduates, he/she usually has a period of six to nine months before the repayment starts. The lending institutions inform the borrower about the date on which they have to start the repayment. Any default in repayment can lead to negative consequences. Student loan is a necessary ... Views: 847
Consumers all over the world are getting cheated on their consumer rights as well as the products they are buying from the dealers and manufacturers all over the world. Most often than not, the innocent and the naive customers fall into the trap of such dealers and manufacturers and face immense ... Views: 542
Bad debt indeed is capable of making our lives totally hell. It may cost us our home, our car and its hunger is not stopped here as it may gobble our employments as well. In such circumstances nothing may turn out to be better than a monetarily maxed out customer to lay the blame on late ... Views: 639
In most cases, people calculate their taxation amount on their own. In that case, people pay lower sum than the required tax amount. Under such circumstances, it is obvious that people have some IRS tax debt on their shoulders. At that point of time, they need to find various ways to clear their ... Views: 974
The Fair Debt Collection Practice Act gears the circumstances properly to save the borrowers when the debt collection agencies get on with collecting outstanding arrears by adopting acts that are cruel and illegitimate. It was concluded from plethora of evidences that the practices of the ... Views: 883
We all know that finance is the most important requirement of the people in modern times because without finance it is really difficult to live a respectable life. In the absence of proper financial support it is not possible to fulfill all the requirements. However, it is found there are many ... Views: 954
It is a well known fact that accidents can occur anytime but still meeting an accident and getting injured is something which is not expected to occur, that is the reason why when it occurs the first thing that strikes the mind of the injured is to get immediate first aid from a doctor. However, ... Views: 809
The FDCPA is indeed a centerpiece of lawful security for the borrowers against credit collectors. In the year 1977 this decree was passed, and the aim of this law was to shield the borrowers against the ill-treatment of the credit collectors.
Historical backdrop to the Law
prior to the ... Views: 580
The fair debt collection act is an act that is implemented by the federal government to protect the rights of both the debtor as well as the creditors. This act prohibits the debt collection agencies from harassing the consumers and from using any kind of abusive practices.
The method of ... Views: 621
There is quite a rise in the financial scams during the recent years. This is one major reason why most of the financial institutions like the banks and the private lending institutions have come up with some really strict conduct so as to protect their essential financial records and also take ... Views: 569
If you are debt ridden and cannot cope up with the repayment instalments, do not lose hope yet. It might be that you are paying your IRS tax debt for years without much progress. It might also be true that you have paid your tax liability much earlier at an agreed rate. In that case, even if you ... Views: 492
Fair Credit Reporting Act helps people in protecting themselves from false and inaccurate information that can cause damage to their credit history. There are debt collectors who provide fraudulent and outdated information about people as well as report old debt as new. This cannot be allowed ... Views: 573
Loans and funds are offered by different private lenders to the people whenever needed. However, when a borrower fails to repay the money on time, the lenders take up several means to recover the loaned amount. Some borrowers tolerate this misbehavior of the lender; however, not all do the same. ... Views: 600
Owing to the increasing number of credit holders year after year, the credit reporting agencies often commit grievous faults in preparing accurate reports. As a result, some face unending harassments while some get compelled to file cases against the credit bureaus. Owing to these major ... Views: 558
When was the last time debt collectors abused you? Well, debtors are often subjected to unscrupulous acts of collectors, which are actually banned by law. Being a victim yourself don’t stop yourself from reporting such unlawful steps to the higher authorities. The FDCPA has arrived to rescue ... Views: 613
Purchasing a vehicle is not a luxury nowadays. Previously people had low income and therefore it was impossible for one to possess a luxurious car. With the rapid growth of industries, people are now employed to different industrial sectors and are therefore earning lump sums. Purchasing a car ... Views: 615
Today’s world is corrupt with different fraudulent activities. The more the technological advancements, the greater is the intensity of frauds and crimes. The consumer fraud act was passed in 1994 that includes almost all of the fraudulent actions. The different kinds of consumer fraud under ... Views: 552