Most people realize that if they owe money, the company they owe money will try their best to collect it, oftentimes sending a collection agency after them, destroy their credit score and also, in some cases, take them to court. But here’s a question; how long exactly can add company keep trying to collect a debt?

The fact is, nothing in this life lasts forever. Nearly anything that a person does, even most (not all) criminal activity, has what’s called a “statute of limitations” that keeps it from going on forever. Debt is one of the things that definitely has a statute of limitations, meaning that after a certain amount of years there is no way for a company, or a debt collection agency, to continue to pursue a person who owes that particular debt.… Read the rest

Millions of people around the country are in debt up to their eyeballs. We’re not here to sit in judgment of anyone, by any means, but instead to point out that, if that includes you, the debt collector hounding you about paying back your debt will sometimes take either unfair and even illegal advantage of you because you don’t fully know your rights.

While we won’t sit here and try to debate whether or not you should pay back any debts that you owe, we will admit that we don’t like unscrupulous debt collectors and want to help you avoid falling for their tricks and traps.… Read the rest

Is your unpaid debt wreaking havoc on your finances? Does the amount of debt you owe prevent you from meeting your financial goals? If you answered yes to either of these questions, it is time to take control of your debt and start the path to financial freedom. The best way to eliminate your debt problem once and for all is to create a viable debt reduction plan. If done correctly, a debt reduction plan will eliminate your debt slowly overtime and give you the freedom to start working on your own personal financial goals, like a new car, special, holiday, a new home, or your retirement.… Read the rest

It’s happening more and more across the country; consumers receiving phone calls from collection agencies about bills that they don’t actually owe. In fact, the problem has grown so excessive that it’s now the #2 complaint that the Consumer Financial Protection Bureau is receiving. If you’re keen on understanding why it’s happening, and what to do about it if you find yourself getting these types of calls, read below and find out. Enjoy.

Simply put, people who don’t pay their bills expect to hear from a debt collector but what they don’t expect is to get calls or letters from a collection agency for debts that aren’t theirs.… Read the rest