You know how it goes. The phone rings and suddenly your heart jumps into your throat. It’s yet another creditor wanting to collect on what you owe them. It gets towards the point that just the ringing of the phone gets your anxious. Who is it and what do those people want from me now? [...]
Normally, you can find two types of debts, one is secured and also the other is the unsecured debt. In secured loan, we put some property as a security which makes the loan secure. An unsecured loan is taken without any security deposit. In this loan, the lender takes far more risk as in comparison [...]
Many consumers wonder what a debt validation letter is. They are often confused with debt verification letters even thought they are both quite different things. Debt validation letters when used correctly provide many consumers protection from creditors or debt collectors that are attempting to collect on their credit card accounts.
If you’re a victim of fraud or misrepresentation, you won’t be responsible for the debt. However, it’s important to know what your options are once it occurs. General consumer protection laws (UDAP) may let you cancel the contract, stop paying, or request a refund. If you never paid money towards the debt or are being sued by a creditor or collection agency, you can use the UDAP laws as your defense.