According to the Fair Trade Commission, the Fair Debt Collection Practices Act lists what rights consumers have when dealing with debt collectors, including:

* A debt collector can’t contact you at unreasonable hours, defined by the act as between 9 p.m. to 8 a.m., unless you give permission.

* You can tell a collector — by a letter or by voice — not to call you at work; the collector must abide.

* A collector can call your family and friends, but only to find out your contact information. They are not allowed to discuss the debt with anyone but you unless you have an attorney. * A collector has to provide written information on the debt within five days of contacting you. The l

Read more…

Debt consolidation can sound like music towards the ears of someone who has large debts divided up into many lenders. However, this can easily turn into a very much larger monetary dilemma than you may picture if it is not approached within the right way. Most individuals who seek a magic wand to become waved more than their debt are typically a credit history risk currently.  These folks hand the lender just what he needs on the silver platter to charge them a monstrous interest rate on any bank loan he offers. Although this could be a great way in tips on how to consolidate your debt, it’s going to also mean that you’ll possibly be having to pay an unbelievable curiosity rate. It’s

Read more…

I?ve noticed a few things lately. Revolving debt is approaching a trillion dollars and there are quite a few homes for sale. Today I?ll offer some insight into credit cards, Bill Gates, the housing market and saving money.

The Federal Reserve Board statistics pegged revolving debt at an astounding $816 billion at the end of last quarter. Bill Gates fortune was $50 billion in Forbes 2006 survey. Considering Bill Gates philanthropy and the relative popularity of this great article site, I offer this suggestion:

Dear Mr Gates,

Would you please consider contributing $40 Billion toward our credit card debt?

Thank You.

Now let?s suppose that we catch Mr.

Read more…

Please take the time to rate this video. The scammers are trying to scare you into using a credit card www.kiplinger.com Joan GoldWasser jgoldwasser@kiplinger.com Questions for Joan: What happens if Im late when I use my credit card? What if I spend more than I can pay off?

Read more…