General Review A general review about what ever is on my mind on that particular day. Books, movies, restaurants, whatever.
22 Nov
The Fair Debt Collections Protection Act (FDCPA) was passed by Congress in 1977. Its purpose is to protect debtors from dishonest and abusive debt collection procedures. The act is enforced by the Federal Trade Commission (FTC). It covers almost all types of personal debts, including mortgages, car loans, credit card debt, and medical bills.
The FDCPA limits what debt collection agencies can do in order to collect a debt. These agencies may not lie, threaten, purposefully annoy, or disclose personal information about a debtor. However, some collection agencies will view these actions as a calculated risk. Since many people don't know their rights, bill collectors sometimes get away with these violations.
Bill collectors are not allowed to falsely represent themselves in any way. They may not claim to be lawyers or present papers as legal documents if they are not. Presenting legal documents as if they were not binding is also against the FDCPA. In addition, these companies cannot claim they will take legal action if they don't actually intend to do so.
No collection agency is allowed to collect more than the amount owed. You have no obligation to pay for expenses incurred by the bill collectors, such as postage or phone bills. No interest may be added above what was agreed to in the original debt. If you feel a collector is misrepresenting a debt, request a debt validation.
The FDCPA also prohibits threats. Bill collectors may not threaten to damage you or your property. Nor can they threaten to have you arrested or disclose personal information. Knowing your rights will help you identify which actions they can legally take and which are only meant to intimidate you.
All attempts to contact you must be reasonable and respectful. Collection agencies are only allowed to call between 8:00 am and 9:00 pm. They may not use profanity or any type of abusive language. If you have told them verbally or in writing, they may not contact you at work either.
A collection agency can contact family or friends, but only to gain contact information for you. In most cases, they are only allowed to contact a specific third party one time. In addition, they are not allowed to speak about your debt to anyone other than your spouse or lawyer. If you have a lawyer, the agency may not contact you directly without permission.
There are several actions you can take to protect your rights. After you've been informed of the debt, you have 30 days to request debt validation. This is a legal document that describes the precise amount you owe. In addition, if you request in writing that a bill collector stop contacting you, they must comply. They are then only allowed to contact you if they are taking legal action.
If you need to stop debt harassment, you can file a complaint both with the FTC and the Better Business Bureau. You may wish to take legal action, if there have been significant abuses. If you win, the collection agency may have to pay damages and court costs, plus up to $1000. Keep in mind, however, that this will not eliminate the debt.
Nick Messe is president of The Lead Frog LLC. Learn more about the Fair Debt Collection Practices Act – FDCPA – and how it protects you from debt harassment. Visit FairDebtHelpers.com for a free evaluation of your case by an experienced fair debt attorney.
17 Oct
Life And Critical Illness Insurance are two important categories of insurance, but both comes in combination, means that if you taking Critical Illness insurance then you must have Life Insurance and vice versa.
Insurance company pays lump sum if you either die or are diagnosed with a critical illness that meets the policy definition of your insurance company.
Such kind of insurance is specified for a certain period, like most of insurance companies offers it up to you 65th birthday.
17 Oct
If you are known to importance of Insurance then you must also be aware of the value of Sickness Insurance. Such kind of insurance helps you in time you are not feeling well. Sickness Insurance Quotes are available online on internet. And you can get them for free. Sickness Insurance helps you to cover up your health finance issues. And thus you get completely satisfied about your health related problems. Critical illness cover pays out a lump sum if you either die or are diagnosed with a critical illness that meets your insurance company policy definition.
14 Oct
For anyone seeking knowledge in different aspects of life, it is important to understand that it is an unending cycle since it keeps changing and growing. This is to say that even if you are an expert in a particular subject, there is always going to be something new to learn. This also applies in finance. Anyone can enroll in a finance class for a variety of reasons like to get the basics about finance, to learn how to manage their finances better or even as part of a degree course.
If you have some free time and you want to expand or polish on your knowledge, then a finance class is a great investment of your time and money. If you have no idea of how to manage your money, make investments and save then these can be a good place to start. It is important that before you start these courses, to do some research so that you are in a position to select the class that will give you the most benefits. Read the rest of this entry »
6 Oct
You have a bunch of options for getting fast cash. The most common choice is payday advance loans. These types of loans have a very short term and charge a high interest rate, but just about anyone who applies will qualify. All you need is proof of your job and proof of who you are. The amount that you get will depend on how much you make each week and what your other living expenses are like. You pay the loan back by writing a post-dated check for the amount that you owe, plus interest that will be cashed after you get paid again.
The risk of this type of loan is that they are very easy to depend on and get yourself in trouble. Relying on payday loans to pay for payday loans is a certain road to financial ruin. Missing payments on these loans will make the interest skyrocket and put you in extreme debt very fast.
If you choose to use a payday loan to get fast cash, be sure to be very responsible with them. They are a great way to get yourself out of a pinch, but relying on them will be certain trouble. If you need them, use them and get yourself the fast cash you need to stay on your feet.
Geoff Willis is the author of more than 50 finance article. He also contributes as a fast cash authority to educate people how to get the fast cash they need.
Article Source: http://EzineArticles.com/?expert=Geoff_Willis
26 Sep
Life is offering us uncertain condition. We will never know what will happen to us next day or even an hour from now. The uncertain condition is also covering our health issue. Today we can be very healthy, but tomorrow we might get sick and need a treatment. We also have no idea if there is a chronic disease in our body. That is one of the reasons why we need to protect ourselves with insurance. All types of insurances are aimed to protect ourselves from the uncertainty, so when something happened, we have a back up to protect us.
24 Sep
If you are an investor, compound interest is a profit multiplier. However, if you are a borrower, compound interest is a costly expense!
24 Sep
At age 15, I spent my summer at the Aspen Music Festival. It still rates as one of my best summers, ever. I made fast friends with a community of amazing, talented high school kids, many of whom were already attending Juilliard’s Pre-College School.
23 Sep
Public awareness of government grants has grown exponentially in the past several years. President Barrack Obama, during his historical campaign, was not shy about acknowledging government grants as a contributor to his Economic Stimulus Package. But what might not have cracked the news are a few details that could help encourage those intrigued Americans to apply for such grants. After all, public awareness is growing, but current applications are dwindling, to say the least.