Debt collection decoded for everyday consumers Why it matters: Debt collection affects millions each year, with risks like wage garnishment, credit damage, and asset loss if not handled correctly.

Add Yahoo as a preferred source to see more of our stories on Google. fizkes / Getty Images Household debt in the United States hit a record $18.2 trillion during the first quarter of 2025 amid a ...

Dealing with debt can be difficult, but when debt collectors start calling, it can feel overwhelming. New data reveals debt collection calls are surging across the country and in the Delaware Valley.

When a debt collector reaches out, it can be unsettling, even if you knew that you'd defaulted on your obligations and were expecting the call. Between the pressure to pay, the perceived urgency of ...

The Fair Debt Collection Practices Act (FDCPA) imposes various requirements on debt collectors aimed to protect consumers’ privacy rights and prevent consumer abuse. One such subpart of the statute ...

Are they calling you to collect a debt? If this is your situation, the Consumer Financial Protection Bureau (CFPB) shares 4 unfair practices that debt collectors cannot do, according to the Fair Debt ...

Richard Andreano Jr., John Culhane Jr. As required by amendments to the FDCPA made by Section 1089 of Dodd Frank, the CFPB recently released its annual report to Congress on FDCPA compliance. We note ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

US HOW TO HANDLE THOSE CALLS. YOU MAY NOT KNOW IT, BUT AS A CONSUMER, YOU’VE GOT A BOATLOAD OF RIGHTS, RULES AND REGULATIONS THAT WORK IN YOUR FAVOR WHEN DEALING WITH DEBT COLLECTORS. A VIEWER ...

In its recent decision in Freeman v. Ocwen Loan Servicing, No. 23-2512, the U.S. Court of Appeals for the Seventh Circuit upheld a district court's dismissal of a borrower's Fair Credit Reporting Act ...

Debt collection calls in the U.S. more than doubled in early 2025, soaring to over 112,000 reports. Nearly half of complaints involved abusive or harassing tactics, raising consumer protection ...