The Fair Debt Collections Practices Act

Maybe you had an unexpected expense or perhaps you lost your job. Whatever the reason, you are now behind on your payments for your mortgage, car, credit cards, or a previous loan. While you might be trying your hardest to catch up, the companies you owe may be too quick to transfer your information to…

3 Ways Marriage Equality Effects Debt Practices

This summer’s Supreme Court ruling to legalize same-sex marriage was life-changing for many people, and the ripple effects of the decision have yet to be realized in their entirety. New changes to debt collection law have come into play almost immediately following the ruling, and in reference to the past provisions made by states in…

Collateral and Lender’s Risk

Providing a loan to a borrower is commonplace nowadays, especially since they are usually required for large purchases such as a home or vehicle. Lenders are eager to provide loans for those who need it, entrusting not only on their promise to repay the loan, but also on collateral that secures the loan. A secured…