debt collection scams, phantom debt collectors

“Is it a Scam?” How to Identify a True Debt Collection Call

According to a 2014 federal survey, harassment from phantom debt collectors is the second most complained-about financial problem reported by consumers, following identity theft.

If you are contacted about a debt that is not yours, you may be the target of a debt collection scam. Phantom debt collectors – so called because they are difficult to track—are scammers. Scammers try to obtain large payments and financial information from you by posing as legitimate creditors. Protect yourself and your financial security by learning how to spot and avoid these debt collection scammers.

options for court ordered payment of debt

Do I Have Options for Paying a Debt When I Have a Judgment Against Me?

Court orders  for payment of a debt can cause considerable financial distress. If you have a judgment against you, call the attorney who obtained the judgment to learn about your options for repayment.

A creditor has the right to file a lawsuit against you if you fail to pay a debt. However, many debtors are not aware of the possible consequences for not responding to a judgment, such as loss of income and assets, and a consumer credit standing. While this is sure to create many financial obstacles, there are ways to resolve debt problems, even after a judgment.

made whole law in Arkansas, made whole doctrine

“Made Whole” Made Easy: De-Mystifying Arkansas’ Made Whole Doctrine

Before initiating a subrogation claim under the Arkansas made whole law, insurers must obtain either a judicial determination or agreement with the insured that they have been made whole.

Although insurers have some obstacles to overcome in pursuing their right to subrogation when complying with the made whole law in Arkansas, it can be done with the help of subrogation attorneys who are intimately familiar with the made whole doctrine, its intricacies, and how it relates to subrogation.

what is a debt buyer, debt buying in Arkansas

What Is a Debt Buyer?

Overdue accounts receivable are a common problem for small businesses. In fact, more than one-third of Americans have at least one unpaid bill in collections.*

Overdue collections can sink your business’s financial stability, and the longer you wait, the less likely they are to be paid. You can attempt to collect unpaid bills yourself, or you can use a service like a specialized debt collection attorney or agency.