The purpose of the Fair Debt Collection Practices Act (FDCPA) is to stop debt collection practices that are abusive and to protect the consumer. Under the FDCPA, 15 USC Section 1692d, debt collectors cannot engage in conduct that is meant to harass, oppress, or abuse a person when attempting to
(US law & generally) How information is supplied to the three credit reporting agencies is governed by the Fair Credit Reporting Act (FCRA). However, the law does not say that lenders are required to report any information to them. Major banks generally do report information to all the credit bureaus.
Bank condemned for failing to avoid a fraudulent transfer given without the permission of their client. The Provincial Court of Palma has sentenced a bank for failing to prevent a transfer that was fraudulently from a customer’s account, from which they were transferred 9,000 euros without the consent of the
Bankruptcy court records are public records available for anybody to inspect not just bankruptcy lawyers. Bankruptcy courts in Florida make their court cases available by electronic means for online review and download. Nevertheless the electronic access system called PACER is designed for the sake of legal professionals. It is not
By Frances Jacobs If you owe money, your creditor can recover their money from you using different options. Bailiffs are one of those options. Bailiffs can be used to make you pay a range of debts , including council tax arrears, business rates arrears, county court orders, high court orders, child support arrears, parking or road traffic
Banking is easy– that is, until you lose track of what’s in your account. If you end up overspending, get ready for the excessive overdraft fees that come with doing so. This might not be as easy as it sounds. Some banks charge $34.00 in overdraft fees, like Citibank. Some
(US law and generally) Credit cards can be very useful if used correctly. However, if they are not, they can get you into a world of trouble. On average, an US household holds about $16,000 in credit card debt. Due to the economy, more and more debt collectors have been
(US Law) A recent study that has been released by the Federal Trade Commission (“FTC”) has found that 26 percent of consumers have a material error on at least one of their three credit reports. Of the consumers in the study, 5 percent that had an error, once it was
The 15-Year vs. 30-Year Mortgage Debate Its so hard to have a long term perspective when working with a checkbook balance that is burdened by more goings than comings. In fact, for many home owners maintaining a budget is one of the biggest challenges one can face in the fight
The Credit Bureaus and Your Rights: Do You Know Them? In today’s economy, everyone is looking for ways to save money. From shopping in bulk to cutting out the extra little expenses, every little bit counts. However, if you are looking for major ways to save money each month, your
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