The Truth About Debt Collection Accounts.

Debt collection’s is a billion dollar industry. According to Rapid Recovery Solution, Inc. income from late fees and over-the-limit fees accounted for $14.8 billion dollars in the year 2004.

Ask Doctor Debt Aims To Teach The Public About Financial Literacy And Debt Collections

It is about time that someone stepped up in a venture to instruct the public on legal debt collection practices and general financial literacy. With a countless amount of bogus debt collectors throughout the United States preying on unsuspicious consumers, Ask Doctor Debt serves to fix this ever growing situation by giving consumers an outlet in which to ask questions in regards to their rights and any and all debt related questions.

How Do I Collect My Money?

The small claims court cannot collect your money for you, but the clerk or small claims adviser can tell you about some ways to do this yourself. Some just hire a collection agency.

Bankruptcy On The Rise While Employment Rate Decreases

Pay cuts and Layoffs goaded more people into bankruptcy last year, and researchers say that the situation will not be likely to improve until the unemployment problem improves. In Wisconsin, bankruptcy filings raised to 30 percent in 2009. This came on top of a 35 percent increase in the preceding year.