Contact With a Debt Collector

When you are contacted by a debt collector, they are not allowed to ID themselves as anything but who they really are; debt collectors. They are not lawyers, they are not the police or the local county sheriff. We have legislation that prevents these collectors from being dishonest. These laws are put into place to […]

Dave Ramsey has it so wrong

I often wonder why people listen to Dave Ramsy when he has a history of being so wrong on almost every financial statement he has ever made. However; his response really takes the cake –  “Paul” sent a letter to Dave asking how to handle and interact with debt collectors. Dave’s response was so astonishingly […]

Are you sure you owe that collection agency?

Some consumers may easily believe banks have our backs and will always look out for our best interest. Then there are the consumers who are a tad more realistic and know banks can be trusted as far as we can spit.  In 2016, Wells Fargo was fined $185 million for fraudulently opening checking and saving […]

How soon can a collection agency sue a debtor?

Collection agencies can be a bit ambitious when they collect a debt. Especially when they act faster than they should and rush a lawsuit against a debtor without allowing the 30 day right to request validation to run out. When a collection agency receives an account to collect, they are to mail a dunning notice, […]