consumer debt

I Can See Russia and Lots of Credit Card Debt

Alaska, where you can allegedly see Russia from, has more consumer credit card debt per person than any other state in the nation, according to a new study.

On average, every American citizen has $5,165 in debt. Alaska is well above that number—the average Alaskan owes $7,135.

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Biggest Source of Consumer Debt? Student Loans

http://www.flickr.com/photos/wallyg/152453473

When people think of consumer debt, they think of credit card debt. According to the Federal Reserve, however, student loan debt has now surpassed credit card debt among consumers.

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Jury Awards $1.5 Million to Consumer Abused by Debt Collector

A Texas jury has awarded over $1.5 million to a consumer abused by debt collectors working for Advanced Call Center Technologies, LLC. The jury awarded $50,000 in mental anguish and $1.5 million in punitive damages.

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What Debt Collectors Can and Cannot Do

The Federal Trade Commission has posted a video on their website and YouTube outlining consumers’ rights when contacted by debt collectors.

If you have been contacted by a debt collector, watching the video is a good place to start learning about your rights.

(photo: bisgovuk)

More Consumer Rights On the Way?

A new report from the Government Accountability Office (GAO) urges legislators to revise the Fair Debt Collection and Practices Act (FDCPA) to give consumers more rights.

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Why Are Debt Collectors Calling on Discharged Debts?