FDCPA

Collection Agencies And Your Credit

February 26, 2010

When a creditor has a difficult time collecting a debt they may turn to a collection agency to help them out. A collection agency is a business that works at pursuing payments on delinquent debts from an individual or a business. Most collection agencies are working as an agent of the creditor and they receive [...]

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Make The Collection Company Validate The Debt

December 2, 2009

A collection agency is a second party (rather than the original creditor) who has been authorized by the original creditor to try to collect the debt. There are various ways a collection agency may get the debt, however that goes off on a different tangent and should be in a different post. But think about [...]

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Inaccuracies On Credit Reports

November 21, 2009

It is estimated that as high as 75% of all credit reports contain errors, mistakes and inaccuracies.  The FCRA is the Fair Credit Reporting Act and it was enacted back in 1979 to allow consumers the opportunity to dispute problems on their credit report and to promote the fairness, accuracy and privacy of personal information on credit reports.  [...]

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Three Crucial Laws To Be Aware Of When Doing Credit Repair

November 21, 2009

The basis of most credit repair is the Fair Credit Reporting Act or the FCRA.  This law was enacted back in 1970 to protect consumers from inaccuracies and inconsistencies on credit reports.  This law enables consumers to dispute untruthful or inaccurate listings on their credit report.  It also permits a consumer to receive one free [...]

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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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