You may have a legal obligation to repay old debts, but there are also strict limits on debt collectors' tactics.
The statute of limitations also plays a critical role. Each state sets time limits on how long a creditor can sue you for ...
Consumers across the country are being bombarded with intimidating and sometimes aggressive debt collection calls, and federal data shows complaints about debt collection more than doubled from 2024 ...
The number of filings is back above 2020 levels as prices rise and people rely more on credit cards, an analysis finds. But many borrowers don’t respond to the suits and lose by default. By Ann Carrns ...
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Debt collection complaints are surging: Here’s why
(NewsNation) — U.S. households now owe a record $18.4 trillion in debt, and federal data shows complaints about aggressive debt collection have surged over the past year. The Federal Trade Commission ...
Complaints about aggressive debt collection have skyrocketed in recent months, federal data shows, a sign that more Americans are falling behind on credit cards and medical bills. The rise in ...
With federal oversight in retreat, deep-pocketed collection companies are aggressively pursuing down-and-out consumers who are struggling with record levels of credit card debt. Meanwhile, consumer ...
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