FDCPA

fdcpa and business debt

Fair Debt Collection Practices Act Held Not to Apply to Business Debt

A recent Massachusetts decision reaffirms the important distinction between business debt and consumer debt when dealing with the Fair Debt Collection Practices Act (FDCPA) and the Massachusetts debt collection law, Mass. Gen. Laws chapter 93, section 49. The protections of these laws do not apply to...

Debt Resolutions Worth Keeping

If you make one resolution a priority this year, freeing yourself from debt is one that promises to be life changing and can bring positive change to other aspects of your life. New research shows that those who resolve to change their financial habits at...

5 Tips for Stopping Debt Collectors in Their Tracks

There are many ways to fight back against debt collectors. But to stop them cold, a few tips are worth repeating. These tips may not apply to every debt, but at least one of them might apply to yours. 1. Check the statute of limitations. Under Massachusetts...

FTC Wins $4 Million in Refunds to Debt Collection Victims

Almost 95,000 checks, worth over $4 million, will be sent to victims of illegal debt collection practices, thanks to a settlement obtained by the Federal Trade Commission with Asset Capital and Management Group, The business owners will also be banned from the debt-collection industry and must...

The Truth Behind Defaulting on Your Student Loans

Recently, an article titled Why I Defaulted on My Student Loans was published in the New York Times. The op-ed piece discusses a far too common scenario that many students face after graduation. When confronted with the choice of attempting to repay his student loan...