Know Your Rights: How Debt Collectors Could Be Breaking the Law

A federal law called the Fair Debt Collection Practices Act (FDCPA) protects consumers against certain unfair collection practices. It applies only to outside, or third-party debt collectors (not creditors collecting their own debts) and only for personal (not...

Credit Scores

Ever wonder how a lender decides whether to grant you credit? For years, creditors have been using credit scoring systems to determine if you’d be a good risk for credit cards, auto loans, and mortgages. These days, other types of businesses — including auto and...

Have You Been Sued by a Debt Buyer?

Debt buying is a massive industry. Some of the debt buyers are so huge that they are publicly traded companies on the stock market. Portfolio Recovery Associates, Midland Funding, LVNV Funding, CACH, CACV and Jefferson Capital Systems are some of the major debt buying...

National Collegiate Student Loan Lawsuits

WHO IS NATIONAL COLLEGIATE? National Collegiate Student Loan Trust is a company that buys private student loans from the original bank that issued your loan. Although there are many student loan aid programs for federal student loans, private student loans do not have...

Vacating a Judgment

Vacating a Judgment is the term for removing a judgment. If you previously had a judgment entered against you, you realize how far reaching the effects of the judgment can go. It makes it almost impossible to get a loan, get credit, and purchase any large item on...