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NEWS
NEWS
INSULTS or PROFANE LANGUAGE
NEWS
Representation or Deceptive means to collect debt
Some consumers have reported debt collectors showing up at their homes, flashing something that looks like a badge and claiming to be plain clothed police officers.
The fair debt collection law prohibits false, deceptive or misleading tactics when trying to collect debts. Impersonating an officer is a crime in many jurisdictions and consumer credit counselors advise consumers to contact their local police departments if this occurs.
An example is the case of debts that have gone beyond the statute of limitations -- the deadline for filing lawsuits. Debt collectors may not threaten to file suit in these cases because the statute of limitations has expired.
NEWS
Other laws, rules and regulations on credit cards
R.A. No. 8484 (Access Devices Regulation Act) dated 11 February 1998
Manual Regulations for Banks (MORB) and Manual of Regulations for Non- Bank Financial Institutions (MORNBFI)
Calling the consumer repeatedly, hanging up, calling and not saying anything, anonymous phone calls or any other telephone behavior intended to annoy, harass or abuse the consumer, their family members, neighbors or co-workers is also prohibited by the law.
Non-finance charges, individually itemized, which are paid or to be paid by the cardholder in connection with the transaction but which are not incident to the extension of the credit. Percentage that the interest bears to the total amount to be financed expressed as a simple monthly or annual rate on the outstanding balance of the obligation.
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The method of determining the balance upon which interest and/or delinquency charges maybe imposed.
The method of determining the amount of interest and/or delinquency charges., including any minimum or fixed amount imposed as interest and/or delinquency charge. Where one or more periodic rates may be used to compute interest, each such rate, the range of balances to w/c it is applicable, and the corresponding simple annual rate.
Membership/renewal fees, processing fees, collection fees, credit investigation fees and attorney s fees . For transaction made in foreign currencies and/or outside the Philippines, for dual currency accounts (pesos and dollar billings), as well as payments made by credit cardholders in any currency other than the billing currency:
the application of payments the manner of conversion definition or general description of verifiable blended exchange/ conversion rates including conversion commission other currency conversion charges and costs
Upon orders of a court of competent jurisdiction or any government office or agency authorized by law, or as prescribed by Monetary Board; Disclosure to collection agencies, counsels and other agents of the bank or card company to enforce its rights against the cardholder; Disclosure to third party service providers; and Disclosure to third parties such as insurance companies.
THE
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CELEBRITY NEWS AND GOSSIP WORLD EXCLUSIVES
References:
http://www.creditcards.com/creditcard-news/help/fair-debt-collectionpractices-act-6000.php
NEWS
WOW NEWS
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ARTICLE HEADLINE
ARTICLE HEADLINE
In libris graecis appetere mea. At vim odio lorem omnes, pri id iuvaret partiendo. Vivendo menandri et sed. Lorem volumus blandit cu has.Sit cu alia porro fuisset. In libris graecis appetere mea. At vim odio lorem omnes, pri id iuvaret partiendo. Vivendo menandri et sed. Lorem volumus blandit cu has.Sit cu alia porro fuisset. Ea pro natum invidunt repudiandae, his et facilisis vituperatoribus. Mei eu ubique altera senserit, consul eripuit accusata has ne. Ignota verterem te nam, eu cibo causae menandri vim.