You may have a legal obligation to repay old debts, but there are also strict limits on debt collectors' tactics.

Complaints about debt collectors have soared, according to new federal data. The Federal Trade Commission received 194,225 ...

The Consumer Financial Protection Bureau (CFPB) is on a mission to protect consumers from illegal medical debt collection practices. It issued advisories in October identifying illegal practices and ...

Debt collectors rarely disappear on their own. Old balances can be sold, resold, and pursued in different ways for years, ...

With the inflation rate climbing and interest rates remaining elevated, many Americans have found themselves overwhelmed by growing amounts of debt. After all, stubborn inflation has caused the cost ...

The wise minds at Moody’s Investors Service finally acknowledged last week what the other two main credit rating agencies did years ago: America has a debt problem. Now it’s time for America to ...

The national debt has grown to more than $37 trillion. There is mounting concern in some quarters over how soon the ballooning debt will impact the lives of everyday Americans. As Paul Solman explains ...

LONDON (Reuters) - Figures show that, as a nation, we worked the first 83 days of this year just earning enough money to service the interest on our personal debts. Almost all of our January, February ...

In this article, we share a timeline of our monthly "bites" for 2024 applicable to debt collection practices. Like 2023, the theme of 2024 was medical debt collection. The Bureau issued numerous ...

Student loan borrowers who haven't paid their debt now face seeing their wages garnished, Social Security benefits reduced, and more as debt collection resumes in 2025. A five-year break that began as ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. We have completed 99 % of the process of setting debt to zero for ...