4 Examples of Illegal Debt Collection Practices

The federal law protecting debtors, Fair Debt Collection Practices Act (FDCPA), places many restrictions on the actions of debt collection agencies. The law’s restrictions generally do not apply to original creditors.  Without this and various state laws regulating the practices of debt collectors, they might have no second thoughts about resorting to extreme measures for the purpose of collecting debt. Read More

6 Possible Defenses in a Debt Collection Lawsuit

Being sued by one of your creditors or a debt collection agency can have you feeling stressed and overmatched, especially if you know you owe the debt in question. There are always defenses you may raise at your court hearing, though. This blog lays out six common defenses to a collection lawsuit that may prove useful in your case. Insufficient documentation of your debt. The documentation (or lack thereof) that a Read More

Judgment Liens Simplified

In many judgments for civil cases, the party ordered to pay money does not have the means to immediately pay the ordered amount. So, what might the judgment creditor do to ensure the judgment debtor pays the money? One option the creditor might choose to utilize is a judgment lien.  What is a Judgment Lien? A lien (of which there are many types) is a legal instrument that can be applied to property to help Read More

3 Possible Defenses for Debt Litigation

Unfortunately, there may come a time when your creditors decide court is the only option left for them to collect your debt. Even if you have been paying off some of your outstanding balance, the creditor might decide to show you no mercy. To begin the process, you will be served with a summons notifying you of the lawsuit and when you are obligated to appear in court, similar to most other civil matters. The Read More

Secured vs. Unsecured Debt Explained

The type of debt you have affects many areas of your life. Different types of debt impact your credit score in separate ways, they are managed differently by creditors and collectors, and they can influence your financial future in a number of ways. Learn more about the difference between secured and unsecured debt. What Is Secured Debt? Figuring out if debt is secured or not is fairly simple. Ask yourself, “Is Read More

An Introduction to the Texas Debt Collection Act

Due to an increasing number of abusive debt collection practices, many states have passed laws protecting debtors from harassment, abuse, and lies. These laws have the same aim as the Fair Debt Collection Practices Act: require debt collectors to conduct their work in an ethical, legal, and respectful way that does not violate the rights of debtors. The TDCA defines exactly what debt collectors can and cannot Read More

A Brief Overview of the Fair Debt Collection Practices Act

Anyone who has fallen behind on a bill knows how stressful collection calls can be. Debt collectors are persistent and often test the limits of the law if not outright breaking them. In order to protect consumers from unethical debt collection practices, legislators passed the Fair Debt Collection Practices Act. Learning about this law can empower you to stand up for your rights. Who the Act Applies To The Read More

Understanding the Differences Between Chapter 7 and Chapter 13 Bankruptcy

If your debt is unmanageable and you’re finding it increasingly difficult to keep up with monthly payments, you may be considering the benefits and drawbacks of bankruptcy. As a consumer, you have two options that may be available to you: Chapter 7 and Chapter 13 bankruptcy. In this blog, we will highlight the differences between these two options. Qualifications You must meet strict standards to qualify for Chapter Read More