CREDIT CARD DEBT

credit card debt

New Rules for Credit Card Debt Lawsuits Proposed by Massachusetts Court System

Companies collecting credit card debt in Massachusetts may have new requirements to comply with when they file collection lawsuits, if proposed rules are enacted. The Massachusetts court system has issued proposed rules requiring credit companies collecting credit card debts to include additional affidavits, along with verification...

credit card agreements debt

Who Can Understand Their Credit Card Agreements? Almost No One

An article on CreditCards.com finds that most credit card agreements are too dense for the average American to understand. What do people do when they can’t understand them? They give up, and they often lose valuable rights in the process. Why are credit card agreements so...

debt collection abuses

More Rules Needed to Stop Debt Collection Abuses

Debt collectors are often far too unregulated, according to a number of new recommendations from the National Consumer Law Center. Although there are existing laws against illegal debt collection such as the Fair Debt Collection Practices Act, they must be strengthened. Among the recommendations are that...

Debt Collectors Excited Over Increased Consumer Spending

When consumers spend more money, they often incur more debt. And when consumers have more debt, some of them inevitably cannot pay it back. It’s this truism that has gotten one of the largest trade organizations for debt collectors, the ACA International, to highlight a...