Articles

What Does Charged Off Debt Mean?

Posted on

Charged off debt means an account is closed to future charges, but a creditor may still attempt to collect the debt and may still be able to file a lawsuit.

Articles

What is the Fair Debt Collection Practices Act (FDCPA)?

Posted on

What is the Fair Debt Collection Practices Act (FDCPA)? The Fair Debt Collection Practices Act is a federal law enacted to “eliminate abusive debt collection practices by debt collectors, to insure that those debt collectors who refrain from using abusive debt collection practices are not competitively disadvantaged, and to promote consistent State action to protect […]