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What is debt management?
In a debt management program, you are paying the company a monthly debt management payment for a period of usually 3 to 6 years that they will apply to a monthly payment to each credit card in the program until the debt has been paid. Continue reading →
What is debt settlement?
Generally, debt settlement is a process in which a company, individual attorney or law firm negotiates settlements of your debts after you pay a fee and pay into an escrow account for many months or years. Continue reading →
What is the Fair Debt Collections and Practices Act?
The Fair Debt Collection and Practices Act (FDCPA) prohibits debt collectors from using abusive, deceptive, and unfair debt collection practices. Continue reading →
Can a debt collector sue me or have me arrested?
Many debt collector callers can be very abusive. Most of them get paid on commission. It is important to know that they are not allowed to threaten you. Continue reading →