This includes collection agencies, lawyers who collect debts as part of their business, and companies that buy delinquent debts and then try to collect them.
The Fair Debt Collection Practices Act (FDCPA) prohibits debt collectors from using abusive, unfair, or deceptive practices to collect from you.
The FDCPA does not cover debts incurred in running a business.
Within five days after a debt collector first contacts you, the collector must send you a written notice that tells you the name of the creditor, how much you owe, and what action to take if you believe you do not owe the money.
Approach one is to consolidate your federal loans with the federal government.
Approach two is to consolidate your federal loans with a private company.
If you are unsure if your Nelnet loans are federal loans, you can always visit the National Student Loan Database.
Nelnet is one of the biggest federal loan servicers.With a home equity loan, the lender advances you the total loan amount upfront, while a home equity credit line provides a source of funds that you can draw on as needed.But keep in mind, these are secured loans that require you to put up your home as collateral.If you are unable to resolve the problem, you can submit a complaint to the Consumer Financial Protection Bureau (CFPB).A debt collector generally is a person or company that regularly collects debts owed to others, usually when those debts are past-due.