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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 ...
The most frequent consumer debt collection complaints filed with the CFPB in 2023 were attempts to collect debts that actually were not owed, the bureau said in its annual Fair Debt Collection ...
The United States Court for the Western District of Virginia recently granted a foreclosure firm’s motion to dismiss on the grounds that the firm’s representation of a lender did not violate the Fair ...
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 ...
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 ...
We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. But while the debt collection process may be similar, the validity of ...
If an individual files for Chapter 7 bankruptcy, which discharges their personal obligations secured by a mortgaged property, are they still a “consumer” with a “debt” as the FDCPA defines those terms ...
Are you getting more unknown calls than usual? It might be a debt collector. In the first quarter of 2025, Americans filed more than 112,000 complaints with the Federal Trade Commission, or FTC.
Could your debt be reduced or forgiven? Take our financial relief quiz. Find my match Could your debt be reduced or forgiven? Take our financial relief quiz. In 2023 alone, the Consumer Financial ...
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 ...
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 ...
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