In 1978 Congress passed the Fair Debt Collection Practices Act (FDCPA) to eliminate abusive practices and regulate the debt collection industry. According to the Federal Trade Commission’s website: Section 802...
You may already have more debt than you can handle, and looking for ways to reduce your payments. Then you see the advertisements come across your social media feed or in your email for services offering to improve your...
Many Americans are looking for ways to reduce or eliminate their consumer debt. If bankruptcy is in your immediate future, you may have to attend a mandatory credit counseling program. Credit Card Industry Some large...
The Bankruptcy Abuse and Prevention Act is a law that went into effect in 2005. Credit card companies strongly supported the new laws, while they didn’t get everything they wanted to be included in the law, they did get...
Chapter 13 bankruptcy is a court-approved plan to pay back part or all of your debt over five years. You must have a reliable source of income to be eligible to file this type of bankruptcy. Your income is the basis for...
