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Beware If you have recently heard something like “This communication is from a debt collector attempting to collect a debt. Any information obtained from you will be used for that purpose.” This statement is known as Mini- Miranda warnings and it exists to protect you. What is the Mini-Miranda? The name may be familiar to... View Article

Consumers who have fallen behind on paying their bills can often find themselves targeted by aggressive debt collectors who have been hired by their creditors. These situations can be confusing and stressful. There are laws in place to protect consumers – and make sure that they are properly informed during the debt collection process.

There is a high number of complaints involving debt scammers every day. It is safe to assume that these scammers continue their efforts because they are getting money from unsuspecting people. It is important for you to learn how to identify debt collectors from scammers and avoid being a victim of a debt collection scam.... View Article

The Fair Credit Reporting Act (“FCRA”) was enacted by congress in 1970 with the goal of protecting consumers from inaccuracies, unfair reporting practices, and privacy breaches by credit reporting agencies.  The FCRA helps to regulate the use of consumer reports by laying out rules covering dispute resolution, the dispersing of consumer information, how and when a party may request/use a consumer report, as well as various other consumer rights.

The FDCPA, also known as the Fair Debt Collection Practices Act, was enacted in 1978 by Congress because of a finding of “abundant evidence of the use of abusive, deceptive, and unfair debt collection practices by many debt collectors” 15 U.S.C. § 1692. In broad terms the FDCPA was put into place in order to protect debtors from being harassed by debt collectors.

It is no surprise that having debt can cause stress. However, those studying the effects of debt related financial pressure were surprised to see the dramatic impact on mental and physical health, including significant increased chances of suicide.