CA$H Maine

Creating Assets, Savings & Hope

Senior Adult Couple Going Over Papers in Their Home with Agent.

Q. What is a collection agency?

Posted January 7, 2016

A. There are two types of collection agencies: internal and external. Internal collection agencies are within the same creditor as you owe the money to.External collection agencies are companies that have purchased your debt from the creditor you originally borrowed from. You can find out more information here. There are laws that protect you and… Read more

Senior Adult Couple Going Over Papers in Their Home with Agent.

Q. Where can I find out about scams?

Posted January 7, 2016

A. Here are some resources about scams: WiserWomen-Improving the long-term financial security of all women through education and advocacy. The Federal Trade Commision (FTC)-The FTC works to prevent fraudulent, deceptive and unfair business practices in the marketplace and to provide information to help consumers spot, stop and avoid them. Read more