Darrel McGraw, West Virginia Attorney General recently warned the public about scam artists who are threatening consumers about Internet payday loans they never obtained, or paid off several years ago.
McGraw says the scammers pose as law enforcement officers, investigators, lawyers and bankers. They have heavy, foreign accents, indicating they may be from off shore locations [...]

Many states provide for where a person may be sued; some say that the lawsuit must be filed where the person lives, where the Plaintiff lives, or where the wrong occurred. Under the Fair Debt Collection Practices Act, however, many of those options are removed.
Under the FDCPA, unless a debt collector is suing [...]

It seems as if every time you turn around, another offer of a debt consolidation loan hits your mailbox.  It’s usually very tempting, the chance to pay off your high-interest debt and make one simple monthly payment.  So you think about taking the offer, closing your other credit cards down, and improving your credit score.
If [...]

New Jersey, in a move designed to strengthen consumer protections against abusive collection tactics, is moving towards what is being call the New Jersey Fair Debt Collection Practices Act.
The legislation, which mirrors the federal Fair Debt Collection Practices Act, goes a step further by imposing rules on creditors — not just third-party firms that are [...]

The charge off rate on credit cards in the U.S. rose to 5.59 percent in February, a rise of 24 percent from 4.51 percent in February 2007, and slightly above its long term average of 5.5 percent, according to the Structured Finance Group at Moody’s Inc.
A rise in card charge off rates usually is correlated [...]