Statute of Limitations on Debt When You Move
The statute of limitations (SOL) on debt is an important weapon in your arsenal against collection firms who are trying to sue you for a debt. The simplistic definition of SOL is this: the amount of...
View ArticlePay Garnishments Increase in U.S.
It used to be a rare occasion when a consumer was sued on a defaulted debt. Not any more. I’ve recently seen an article in the New York Times about the uptick in debtor lawsuits as a collection method...
View ArticleFTC Recommends Changes in Debt Collection Litigation and Arbitration
On July 12, 2010, the Federal Trade Commission (FTC) issued recommendations on proposed reforms to debt litigation, including the process of arbitration. These recommendations were based on a 2009...
View ArticleShould I Tell a Collection Agency I’m in a Debt Settlement Program?
Q. My American Express account just went to a collection attorney. I also just enrolled in a debt settlement program to deal with this debt. The debt settlement program attorney states they will not...
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