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 ArticleIf Agency Isn’t Suing – Is Collection on Old Debt Legal?
We talked in this post about the recent round table held by the FTC on the collection of old debt. It was universally agreed that it is unethical and possibly illegal to sue on time-barred debt, or...
View ArticleDoes Seizing of Funds from a Checking Account Restart the Statute of...
Q. First of all thank you for all the info you have provided. I had heard of collectors taking your money out of your bank account. Now I know it’s true; it happened to my daughter. A collection agency...
View ArticleCan Five-Question Quiz Accurately Judge Personal Finance Savvy?
Americans who say they're whizzes with personal finance fall short in a five-question quiz. But is that enough to judge expertise on such a broad topic?The post Can Five-Question Quiz Accurately Judge...
View ArticleFor Alleged Illegal Debt Collection Practices, Company Settles for $1M
A debt collector has agreed to pay $1 million to settle an FTC lawsuit alleging illegal debt collection practices.The post For Alleged Illegal Debt Collection Practices, Company Settles for $1M...
View ArticleDo You Know the Statute of Limitations on Debt in Your State?
If you’re being hounded for old debt, take a look at the statute of limitations. Once enough time has passed, you’re off the hook. The post Do You Know the Statute of Limitations on Debt in Your State?...
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