The Consumer Financial Protection Bureau on Friday ordered Commonwealth Financial Systems, a debt collection agency specializing in medical debt, to shut down as a result of what CFPB determined were ...

Debt collectors rarely disappear on their own. Old balances can be sold, resold, and pursued in different ways for years, ...

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 ...

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 ...

Could your debt be reduced or forgiven? Take our financial relief quiz. Before a debt collector can pursue you for a debt, they are generally required to first send you a debt validation letter. This ...

Discover how a Certified Consumer Debt Specialist can aid in debt relief and negotiation. Learn about their certification, benefits, and impact on your finances.

The Consumer Financial Protection Bureau (CFPB) is on a mission to protect consumers from illegal medical debt collection practices. It issued advisories in October identifying illegal practices and ...

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 ...

Debt collection is a legitimate business — when done legally. But too often, debt collectors choose to push the boundaries, especially when they assume the person on the other end of the line isn't ...