Credit card debt in America has reached unprecedented levels, with total consumer credit card balances surpassing $1.17 trillion in 2024. This marks a concerning increase from the previous quarter ...

The Fair Debt Collection Practices Act (FDCPA) gives you 30 days from the initial contact to request verification. Once you send this letter, the collector must stop collection activities until ...

Debt collection lawsuits filed in Texas have exploded by 73 percent over the last decade. For people who find themselves in the crosshairs of creditors, the debt collection process can seem ...

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Jens Nordvig, a currency analyst at Nomura, has produced a useful chart for understanding how the government shutdown and debt ceiling standoff might go from here. His flow chart below both shows ...

The Treasury Department's Financial Management Service (FMS) should review its current process for collecting non-tax debts owed to federal agencies, the General Accounting Office recommends in a ...

Digital debt collection Fintech TrueAccord is focused on redefining the industry by harnessing Robotic Process Automation (RPA) bots.. This digital technology streamlines operations while also ...

Advocates feel debt buyers file too many meritless collection lawsuits, while debt buyers feel advocates file too many meritless Fair Debt Collection Practices Act lawsuits.Shining the light on the ...

Relief just raised a $2 million seed round led by Collaborative Ventures. The startup automates the debt relief process, negotiating consumers' outstanding credit card debt on their behalf. Here's ...