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Can a debt collector call my family and friends?

There are times when people struggle to pay their bills. There just is not enough money coming in to make all the payments. Can debt collectors call family and friends to share the sometimes humiliating news that someone cannot pay? Simply stated the answer is no. This does not mean that debt collection never stoops to this level though.

The Fair Debt Collection Practices Act (FDCPA) is supposed to ensure that debt collectors do not call any third parties, including family and friends, to openly discuss any monetary issues. They can call to ask for information, such as a phone number or street address. Although this act is meant to protect consumers, many debt collection agencies choose to ignore it. They know that contacting family and friends can often make their collection successful. They take advantage of this rule because they realize many consumers are not knowledgeable about it.

Contacting a debt lawyer is in the consumer’s best interest if they are put in this situation. C

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Tags: Call Family, Debt Collector, Friends

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Equity Indexed Annuity

It isn’t every day that you find the opportunity for potential growth containing true safety in the same financial vehicle. Commonly investors are urged to make one of two choices, either they give up a degree of safety in exchange for a bigger potential for growth or they accept less growth in exchange for a higher degree of safety.

Thanks to an innovation in the insurance industry, you can have the potential high returns available in the stock market and the security of a guarantee-it’s called an equity indexed annuity.

Equity indexed annuities are exceptional back up choices for investors looking for safety in a low interest rate environment or a volatile market. Here’s how they work, your return is based on the growth of a stock or equity index, such as the S&P 500.1 If stocks rise, you benefit from the increase. Read full article…

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How do I get debt collectors to stop calling?

Do you get irritated or frightened every time your mobile rings thinking it might be a call from collection department of your creditors? Yes, this is the situation facing by many American presently as many are seriously delinquent on debts. It is more frustrating when the debt collector calls you at work over your mobile or work phone. If this is the situation that you are facing then you are at the right place as in this article I decided to let the people going through this situation know how to stop the calls coming in from debt collectors.

As the number of people encountering debt problem during economy slowdown, American congress came enacted a legislation that regulates debt collectors and collection attorney actions and helps in protecting the rights of debtors.

It is very important for every consumer to know about fair debt collection practices act in order to stop the collection agencies from harassing you.

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Tags: Get, Get Debt

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How to Respond to Debt Collector Calls

No one likes to answer the phone and find him or herself talking to a debt collector, but if it happens to you, there are some techniques you can use to end debt collector harassment and get the collection agency off your back.

1. Stay Calm

If you allow yourself to get upset and flustered, you won’t be able to think clearly and you may find yourself agreeing to a deal that you cannot live up to or that is not in your best interests just to end the debt collector harassment.

2. Record All Phone Calls from Debt Collectors

In order to do this, you must tell the debt collector what you are doing. Say something like, “Please wait one minute while I turn on my recorder.” A recording is useful for reconstructing any verbal agreements and for documenting any abuse on the part of the debt collector. View state laws for recording debt collectors calls.

3. Make the Collector Identify Him or Herself and Company

Ask for the company’s phone number and physical address so that you can communicate with them in writing if necessary. Record

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Tags: Collector, Debt Collector

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Steps for Getting Personal Loans

Personal loans are an excellent way of using credit to consolidate high-interest debt, pay for an unexpected bill or expense, or cover the gap between pay periods. Going to your bank and getting a personal loan can seem like a daunting task, so follow these three steps to get the loan you need.

1.     Make an appointment at your bank or credit union and gather the paperwork you need for your loan officer. At a minimum, you’ll probably need pay stubs from the last two months as well as bank statements. The bank simply wants to ensure that you have enough money coming in to support your current debts and a payment for your personal loan. You may also want to pull a free copy of your credit report; the bank will pull your credit report to determine whether or not they can give you a loan. Pulli

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Tags: Loans, Personal Loans

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