What is the FDCPA?

What is the FDCPA?

If you’re an attorney or debt collector, collecting consumer debts on behalf of other individuals or businesses, you need to know about the FDCPA. The Fair Debt Collection Practices Act is a Federal law that governs what third-party debt collectors can do in...
What is the CFPB and Why It Matters

What is the CFPB and Why It Matters

The subprime mortgage crisis of 2007 led to one of the worst recessions in U.S. history and subsequently to the creation of the Consumer Financial Protection Bureau. Here’s an overview of the bureau and why it matters. What is the CFPB? The Consumer Financial...
What’s a Good Credit Score?

What’s a Good Credit Score?

There’s a three-digit number that almost every company you do business with uses to decide whether to approve your applications. And if your number isn’t good, your applications may be denied, or if you are approved, you may have to pay a higher cost. Each person...
Why Do ACH Payments Take So Long To Settle?

Why Do ACH Payments Take So Long To Settle?

While there are benefits to accepting ACH for payments, like lower processing costs and ability to set up recurring transactions, the settlement process is notoriously long compared to debit and credit transactions. ACH payments are processed electronically, so why...

What to Do If Your Wages Are Being Garnished

A wage garnishment happens after an attorney gets court permission to take periodic payments from your wages to satisfy an outstanding balance on your account. While a garnishment can take you by complete surprise, it’s often the last resort taken by creditors and...

Stop Collecting Rent Checks

Are You a Landlord or Property Manager? Collecting monthly rent checks from tenants can be a chore for landlords and property managers. If you own or manage 25 units or more, the workload amplifies. You have to set up a system that makes it easy to keep track of which...