First, validation ... debt collection agency within 30 days. This prevents them from contacting you until written verification, such as an original invoice, is provided. Be sure to send your ...

Recently, the NYC Department of Consumer and Worker Protection (DCWP) published an FAQ document providing guidance on amended rules for debt collectors, set to become effective on October 1.

Debt collectors must prove a few key things before they can collect. Here's what they ask for — and why it matters.

You can request a validation letter from your creditor with detailed information on the debt they are attempting ... by many creditors — count paid-off collection accounts against your score.

Collection debt generally operates under its own set of rules and the fees, interest charges and other costs that are allowed to accrue under these rules can cause your balance to balloon out of ...

Newark resident Jesse Cannoy first heard from a debt collector in March of 2023. “And as they present themselves as a ...

Learn how to get rid of your collection debt for less than what's owed.

In his Monday letter, Robert Klarich laments that President Donald Trump could be more effective in debt reduction if he were to review the appropriations bill more closely and not attack college ...

A recent letter writer complained about the $2.2 billion ... I think the writer’s concern dealt with our federal debt. A better place to examine is the appropriation bill under review.

Impersonation of lenders. The FTC claims the defendants falsely claimed to be affiliated with well-known payday lenders to ...

The U.S. Department of Education announced that it will resume involuntary student loan debt collection on defaulted federal student loans starting May 5, 2025. This means the government will ...

The department first announced its plans to resume debt collection in April, accusing the Biden administration of keeping the collections pause in place despite loan repayment resuming in October ...