Creditors’ Rights

The Fair Credit Reporting Act (FCRA) is a federal law designed to protect the privacy of credit information. While the FCRA often focuses on consumer rights, it also provides protections for creditors. By establishing clear rules for credit reporting, the FCRA helps...

When someone sells a company, the status of its creditors becomes an issue. Creditors hold an interest in the outcome of the sale, as it impacts their ability to collect debts. Understanding how the court handles these debts depends on the structure of the sale and...

Collecting debts can be tricky, especially when trying to stay compliant with Ohio state and federal laws. These key guidelines ensure you do not violate legal boundaries while attempting to collect on owed debts. Understand the Fair Debt Collection Practices Act...

As a creditor involved in debtor-creditor litigation, understanding and enforcing your rights is crucial. This process involves complex legal steps and financial implications. Knowing your rights and the necessary steps to take can help you effectively manage and...

In finance and lending, understanding the rights and obligations of both creditors and borrowers is important for maintaining a healthy and fair economic environment. While much focus is on how the Truth in Lending Act protects consumers, it is equally important to...

With a promissory note, you can loan money with a signed agreement that obligates the party to pay it back. Still, there is the chance that litigation could erupt if the debtor contests some of the note terms or even the validity of the note itself. As a creditor, you...

Business owners in Cincinnati, Ohio, who collect debt must understand and follow the Fair Debt Collection Practices Act. In 2021, the Federal Trade Commission reported they had sued over 300 companies in the previous 10 years for failure to adhere to FDCPA...

Creditors play a significant role in Ohio's financial landscape. To protect their interests, Ohio has established a legal framework that outlines the rights and actions available to creditors. There are some limitations on the actions creditors can take and debtors...

When lenders find themselves facing lawsuits, there can be a financial stake. They may have to pay for legal fees and potential settlements. But it is not just about money – the lender's reputation is also on the line. Staying financially strong and keeping up a good...

Lenders play a crucial role in the financial landscape. But when it comes to collecting debts, they must adhere to strict guidelines to ensure they treat debtors fairly. However, there are instances when lenders may also face challenges. For example, some borrowers...