October 2009

States Debt Collection Statute Of Limitations

October 17, 2009

Alabama Statutes – §6-2-37 Contracts under seal: 10 years, (A.C. 6-2-33) Contracts not under seal; actions on account stated and for detention of personal property or conversion: 6 years (A.C. 6-2-34) Sale of goods under the UCC: 4 years (A.C. 7 -2- 725) Open accounts: 3 years (A.C. 6-2-37) Actions to recover charges by a [...]

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The FCBA And FDCPA

October 17, 2009

The FCBA or the Fair Credit Billing Act requires creditors to bill entirely and properly. It prohibits charges that have the erroneous date or wrong amount, not permitted charges, charges for goods or services that you did not acknowledge or were not delivered as contracted upon. It prohibits a company from failing to post payments [...]

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Debt Validation

October 17, 2009

Did you know that under the FDCPA or the Fair Debt Collections Practices Act you have the right to “debt validation”? What does that mean you ask? What this means is that you demand proof from the collection agency and the original creditor that the debt is really your responsibility and that the balances, terms [...]

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Opt Out Of Credit Card Offers

October 17, 2009

Credit bureaus can and do sell your information to creditors, insurance companies and more. These companies will send you prescreened and pre-approved offers for credit cards and insurance. These offers may not be offered to the general public and they may be helpful for you to comparison shop. However, they also allow your address and [...]

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The Fair Credit Reporting Act – FCRA

October 7, 2009

You have rights thanks to the fair credit reporting act. You can download the FCRA pdf here. In 1970 a Federal law was enacted by Congress to defend consumers from inaccuracies on their credit reports. This law is called the Fair Credit Reporting Act or the FCRA and it was planned to promote the equality, [...]

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