No one wants to be sued by a debt collector. After all, having to deal with the debt collector, courts, and attorneys can be stressful. However, if you’ve recently been served with a debt collection lawsuit, pretending that it never happened is the worst thing you can do. In this article, we explain why you…

Obviously, children shouldn’t accumulate debt. This doesn’t stop debt collectors, however, from occasionally attempting to contact them. If your child has received correspondence from a debt collector, this may be a violation of the Fair Debt Collection Practices Act (FDCPA), which is a federal law designed to protect the rights of consumers. The FDCPA limits…

If you’ve been sued by a debt collector, you must take immediate action. If you fail to respond to your lawsuit, the court will likely enter a default order in favor of the debt collector. In other words, if you ignore your lawsuit, you will automatically lose your case. Once this occurs, the debt collector…

When people borrow money, they usually plan on paying it back. Unfortunately, however, certain events, such as illness or job loss, can interfere with a person’s ability to honor his or her financial commitments. Failing to pay a debt can result in several negative consequences, including lawsuits, credit damage, and even wage garnishment. In this…

Debt collection lawsuits are among the most common type of civil litigation in the U.S. In fact, between the years 1993 and 2013, the number of debt collection lawsuits filed each year increased from around 1.7 million to roughly four million. In other words, as a consumer in the U.S., there is a chance that…

Although debt collectors often go to great lengths to collect debts—there are many things they are legally prohibited from doing. Unfortunately, however, this doesn’t always stop them. In fact, debt collectors routinely break the rules in pursuit of profit. In this article, we discuss five things debt collectors aren’t allowed to do.   #1: Show Up…

Debt collectors often do whatever it takes to collect a debt. Threatening letters, harassing phone calls, and other legal and illegal tactics are just a few of the ways that debt collection agencies attempt to intimidate consumers into paying. When these methods fail, however, debt collectors sometimes file lawsuits against debtors. If you’ve been sued…

When a debt collector successfully sues you in court, you become legally obligated to pay the amount owed. To collect the debt, a debt collector can obtain a court order requiring your bank or credit union to take money from your account. This process is called garnishment. Although a debt collector that wins a judgment…

Debt collectors purchase debt from original creditors for pennies on the dollar and then attempt to collect the debts. However, they don’t typically research whether a consumer actually owes a debt before attempting to collect it. The result of this is that debt collectors routinely harass people about debts they don’t owe. If you’re being…