BBB: “Resources and Tips for Dealing with Debt Collection,” a webcast from CFPB Servicemember Affairs

“Resources and Tips for Dealing with Debt Collection,” a webcast from CFPB Servicemember Affairs

This production provides tips and information about ways to communicate with debt collectors. Includes resources from CFPB that you can use in dealing with debt . . . → Read More: BBB: “Resources and Tips for Dealing with Debt Collection,” a webcast from CFPB Servicemember Affairs

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Older consumers “seniors” can tell debt collectors: “My benefits are protected from garnishment.”

Did you know that Social Security and VA benefits are generally protected from garnishment to pay a debt to a private person or company? Most debt collectors can’t garnish money in your bank account to pay a debt.

You can download a CFPB  fact sheet from the Consumer Advisory: http://www.consumerfinance.gov/blog/consumer-advisory-your-benefits-are-protected-from-garnishment/

Here’s how the federal protection works:

Banks must automatically check . . . → Read More: Older consumers “seniors” can tell debt collectors: “My benefits are protected from garnishment.”

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Privacy Tip of the Month

California is the first state to have an agency dedicated to promoting and protecting the privacy rights of consumers. The Office of Privacy Protection was created by legislation in 2000 and opened in 2001. Its mission is to identify consumer problems in the privacy area and encourage the development of fair information practices.

Privacy Tip of the . . . → Read More: Privacy Tip of the Month

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FTC Reports on Debt Collectors

At a time when many consumers are having trouble paying their debts, the Federal Trade Commission issued its 33rd annual report describing the agency’s law enforcement and other efforts to protect consumers from unfair, deceptive, and abusive debt collection practices. The Fair Debt Collection Practices Act (FDCPA) prohibits these and other improper practices by third-party debt . . . → Read More: FTC Reports on Debt Collectors

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