– Additional Client Resources –
Ask Doctor Debt is a useful tool that provides consumers with answers about debt and consumer rights when working with a debt collector. The Ask Doctor Debt website provides consumers with useful tools to answer debt collection questions and how to communicate with a collection agency.
ACA International: The Association of Credit and Collection Professionals is the most comprehensive knowledge-based resource in the credit and collection industry. The Association establishes ethical standards; produces a wide variety of products, services and publications; and articulates the value of the Credit and Collection industry to businesses, policy makers and consumers.
CFPB: The Consumer Financial Protection Bureau is a 21st century agency that helps consumer finance markets work by making rules more effective, by consistently and fairly enforcing those rules, and by empowering consumers to take more control over their economy.
FDCPA: Fhe Fair Debt Collection Practices Act is one of the guiding laws directly governing the 3rd Party Debt Collection Industry. This federal statute explains what debt collectors can and cannot do while communicating with consumers, and explains a consumers rights under the Act.
FCRA: The Fair Credit Reporting Act, is a United States federal law that regulates the collection, dissemination, and use of consumer information, including consumer credit information, and ensures accuracy and fairness of credit reporting.
TCPA: The Telephone Consumer Protection Act restricts telephone solicitations and the use of automated telephone equipment. The TCPA limits the use of automatic dialing systems, artificial or prerecorded voice messages, SMS text messages, and fax machines.
Loan Calculator: This loan calculator will help you determine the monthly payments on a loan. Simply enter the loan amount, term and interest rate in the fields below and click calculate. This calculator can be used for mortgage, auto, or any other fixed loan types.
DSO Calculator: This ratio (also called Average Collection Period) is used to estimate the length of time between when a sale is made and when it is converted into cash (i.e. how long sales remain in accounts receivable). While this figure is only an estimate, it indicates how quickly customers pay their bills and can highlight potential problems if it is increasing.