The Federal Trade Commission has finalized a policy statement clarifying that the agency will not take enforcement action under the Fair Debt Collection Practices Act (FDCPA) or the FTC Act against companies that are attempting to collect the debts of deceased consumers, if the companies communi... [More]

NCO Financial Systems is a third party debt collection agency engaged in collecting debts from consumers. Numerous complaints about NCO Financial Systems collection agency have been making news and have created fear in consumers' minds about this agency. Third party agencies like the NCO hat... [More]

The NCO Financial Systems is a formidable collection agency that has many complaints to its credit. The NCO purchases old debts from people like your cell phone provider... Debt collection agencies like the NCO employ people and train them to collect on debts. [More]

Thanks to lawmakers and federal banking regulators, your credit card monthly statements have to carry more details than before. Credit Card Act of 2009 has mandated certain disclosures. Now the new statements are designed to be more reader-friendly and help credit cardholders easily find import... [More]

Every year debt collection related complaints at the Federal Trade Commission (FTC) are on an increase. The Fair Debt Collection Practices Act (FDCPA) prohibits deceptive, unfair, and abusive practices by third-party collectors. The FDCPA requires the FTC to report on the level of industry complia... [More]