The Federal Trade Commission administer a wide variety of consumer protection laws, engages in law enforcement, and develops policy and research tools to prohibit unfair and deceptive acts or practices against consumers including actions that involve credit reporting agencies, credit repair services and debt collection activities. The FTC produces press releases on action taken against businesses and individuals that fall under the jurisdiction of the FTC. This is a recent press release on … [Read more...]
Debt Collection News – Debt Collection Supervisors Settle FTC Charges
February 4, 2010 By Leave a Comment
Rules to Follow with Debt and Debt Collectors
August 13, 2009 By Leave a Comment
We all want to pay our bills on time but sometimes due to some financial crunch it is not possible to make even the minimum payments and meet due dates. If a debt goes unpaid for an extended period of time, creditors may turn your account to a collection department or agency. It is true that debt collectors have the right to demand payment and take legal action if necessary, but often they would rather collect a portion of the debt than have to take more drastic actions. Before you start … [Read more...]