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The online source for debt topics
The Debt Pool was created for consumers to get the facts on credit and debt topics. Whether you are looking into credit repair or headed towards foreclosure, The Debt Pool has information on how to avoid scams and choose reputable companies. It's simple. Choose a topic to read about and then head to The Debt Pool Forum to read the opinions from other Debt Pool readers like you. The articles and videos are updated daily so check back for the latest news. About this site...
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Where are all these new DEBT companies coming from? Debt consolidation type companies are sprouting up all over the country. Some are good but most are bad. They are fly-by-night operators that are in the debt consolidation business to take advantage of people being effected by the overlying economic issues. The good news is that these bad companies only effect you if you let them! Get informed, do your research and get competing offers. The problem is that most people in dire financial situations let their guard down. After you have done your research on the company (Better Business Bureau, Trade Associations, state Attorney Generals office, state Department of Corporations) go to The Debt Pool Forum to see what others have to say. Go to our Web Links section to search these organizations. |
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How to deal with Debt CollectorsIf you use credit cards, owe money on a personal loan, or are paying on a home mortgage, you are a "debtor." If you fall behind in repaying your "creditors", or an error is made on your accounts, you may be contacted by a "debt collector."
You should know that in either situation, the Fair Debt Collection Practices Act requires that debt collectors treat you fairly and prohibits certain methods of debt collection. Of course, the law does not erase any legitimate debt you owe.
This article answers commonly asked questions about your rights under the Fair Debt Collection Practices Act. |
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