Fair Debt Collection Practices Act A recent report indicated that during 2018, complaints to the CFPB declined from the number of complaints reported in 2017. In fact, In 2018 the bureau handled approximately 81,500 debt collection …
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Private Collection Agencies and the IRS
According to a recent Government report, it was found that private collection agencies contracted by the IRS were only able to collect roughly 2% of outstanding taxes from the more than 700,000 outstanding taxpayer accounts assigned to them since …
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Federal Rate Hikes and Consumer Debt
All signs point to a Federal Reserve Rate Hike this coming week. And with credit card debt recently hitting an all-time high outstanding debt will become even more expensive to pay off. The possible result from the intersection of these two …