What are the requirements for me to open my own debt collection agency in California?

Posted January 13, 2010 – 11:10 pm in: Personal Finance

What are the requirements for me to open my own debt collection company in California? Are there any laws or licensing requirements? I know I will be subject to the fdcpa, but any licenses i must get first?

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Is credit card debt considered an open account or a written contract?

Posted December 5, 2009 – 1:21 am in: Personal Finance

I live in the State of Georgia and am being sued over an old credit card that I defaulted on. It has been more than 4 years but less than 6 years since the date of default, so depending on whether credit card debt is considered an open account or a written contract in the [...]

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