What Type Of Rules Regilate Debt Collectors And How Long Does A Debt Last?
All collection agents have to follow the state laws where they are placing the phone calls that regulate collection efforts, and for a debt collector calling across the country, this all can be very confusing. Oftentimes, collection agents will utilize software to guide them and help them remember each state’s laws.
Bleak News As Bankruptcy Increases While Employment Rate Plummets
Terminations and pay cuts pushed more people into bankruptcy last year, and experts are saying that the situation won’t improve until the unemployment issue is resolved. In Wisconsin, bankruptcy filings raised to 30 percent in 2009. This came on top of a 35 percent increase in the preceding year.