In Dallas, the North Texas Tollway Authority, an entity responsible for collecting tolls, has been scrutinized for months over its toll collecting policy. This policy charges drivers who do not pay up at the toll booth fines of hundreds, or even thousands, of dollars. Because the NTTA has been under fire in the public eye, it announced today two steps it says that will target improving customer [...]
In part one of this series, I wrote about some of the pros and cons of mutual funds. I mentioned that there are numerous expenses that come with investing in a mutual fund, including the high price of management fees and brokerage fees that come with frequent trading. However, the fund manager is bound by a responsibility to find the best deals on commission for you that she or he can. Also, the expertise of a fund manager can be quite helpful for beginners when they start to [...]
In a crazy turn of events, debt collectors from Advanced Call Center Technologies LLC have to pay out a tremendous one point five million dollars for rude and vulgar voicemails that were sent on a man’s cell phone. According to sources, the agency sent out eight demeaning and threatening voice mails on Allen Jones’ phone trying to collect what it said he owed on a credit [...]
What happens if your income decreases? You have less money, but the amount of debt you owe remains the same. What’s the best way to prioritize payments? If you have credit cards chances are you might also have personal loans and a [...]
Exactly who is trying to get me to pay up? The Fair Debt Collection Practices Act was created in the 1970s and provided a good amount of protections for consumers. There are strict rules and regulations that a debt collector must abide by, and if any of these regulations are violated, there’s a good chance that you could sue that agency. But what about that friend of yours who owes you five dollars? Do you have to grant them thirty days to refute the claim? Clearly, you do [...]
It was recently revealed in a study that laws that ban cell phone use while driving don’t seem to be reducing crashes. According to the new Highway Loss Data Institute, there have been no reductions in crashes since cell phone bans have come into [...]
According to the Knoxville Police Department, their red light camera program sent out eight thousand unpaid tickets to collection in 2009. This figure represents about $944,000 in court costs and fines that the county is missing out on if the tickets had been paid. Citations that remain unpaid are handed over to a collection company, which tries to collect the court costs and fines by letter and phone. For every citation that is turned over to collections, the drivers have to pay the fifty dollars for the citation and sixty eight dollars for court [...]
In the midst of a recession, consumers appear to be racking up more and more debt and spending money outside of their means. There are numerous reasons why credit cards could hurt you financially, but a debit card could be what is putting you over the [...]
Debt collection agency American Profit Recovery began a fund raising attempt in order to assist people trying to bring relief to the Haiti earthquake victims. American Profit Recovery has chosen the Saint Rock Haiti Foundation which is a charity that provides medical care for the people of [...]
Many people are made painfully aware that they owe a debt that is being pursued by a collections agency, yet few know exactly how long creditors can go after that debt. Debt Collectors are guided by what is called the Statute of [...]
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