Can Collection Agencies Search My Bank Account?

Do you know if a collection agency can search a debtor’s bank account for funds to pay back debt owed to you? Imagine that you’re one of thousands who have companies that…

What is Post-Judgment Debt Collection?

So now you’ve obtained a judgment in a debt lawsuit that allows you to collect the amount a debtor owes you. Do you know how to enforce the judgment to get the…

What are Final Notice Forms?

Have you ever had a company owe you money? If you’re a company and are waiting on long-overdue payment from another company, you are eligible to download and send a Final Notice…

How to Deal with Debt Collectors

We’ve already explained the process of how debt collection works; beginning with the first bill you miss and then to if you get sued. What if you are one of the 80%…

What is a Debtors’ Prison?

A debtors’ prison is a prison specifically designed for people who are unable to pay off their debt. The idea of a debtor-specific prison stems back as early as the 5th century,…

The Future of CFPB Under New Presidency

Since the Consumer Financial Protection Bureau (CFPB) was established in 2011 as an independent company, consumer protection from collection agencies has surged in the financial sector. To provide significant improvements to the…

What is the Fair Debt Collection Practices Act?

The Fair Debt Collection Practices Act is a consumer protection amendment that limits how third-party debt collectors communicate with consumers who are in debt to another person or company. Third-party debt collectors,…

What Is a Lien?

A lien is a legal right a creditor can place on a debtor’s property to ensure the person pays back their debt in full (Nolo.com). As a legal right, creditors can sell…

How Does a Creditor Lawsuit Work?

Depending on the debt amount and to who its owed to there are a few different courts that creditors can sue debtors, including: state civil court, federal court, or small claims courts….

What is Skip Tracing?

In the realm of debt collection, legal proceedings, and even personal investigations, skip tracing emerges as a vital technique. The term “skip” refers to the person being searched for and is derived…