We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. After all, the same mindset that drives people to hunt for the best ...

The U.S. Department of Education is resuming wage garnishment for borrowers in default on their federal student loans, ...

Let's see if I get this right. If a big financial institution gets into trouble, the government is ready to step in and bail it out and make the little guy pay for it. But if the little guy gets into ...

Vice President Harris and CFPB Director Chopra highlight potential boost in mortgage approvals and question debt collectors' methods. The Consumer Financial Protection Bureau (CFPB) has taken a firm ...

A little-known fact about consumer debt: It often has a statute of limitation, which means debt collectors can’t sue borrowers to recover the payments after a specified amount of time. When this ...

If you owe a debt that is significantly delinquent–usually 90 days or more past due–your lender may decide to either assign or sell your debt to a third-party debt collection agency. This is sometimes ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. With the massive amount of layoffs occurring during the present pandemic — the Federal ...

Keys to collecting debt legally and successfully include preparing a policy and procedure manual and a credit application form. Attempting to Collect a Debt A measured approach to debt collection is ...