New federal data shows debt collection calls have jumped more than 200 percent in the past year, flooding phone lines ...
The Federal Trade Commission (FTC) enforces the Fair Debt Collection Practices Act (FDCPA) in the United States. The FDCPA prohibits debt collectors from using abusive, unfair, or deceptive practices ...
Debt collectors generally descend after a creditor has given up sending bills and resorts to contacting the consumer by phone. Some creditors use in-house debt collectors. Others sell delinquent ...
As numerous economic hurdles loom, millions of Americans have found themselves struggling with their debt payments. About 20% of credit card users are maxed out, meaning that they've used up all of ...
Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...
According to the Federal Trade Commission, there has been a 150% increase in debt collection calls per capita this year.
After just one month of listening to "The Ramsey Show" and putting herself on a budget, a caller named Mary faced a moment that would shake most people: a credit card debt collector threatening to sue ...