Tag Archives: debt collection
- Tennessee Protects Citizens From Debt Collectors. Arizona Serves Them Up.
A recent court case in Tennessee went all the way to the State Appeals Court. In this case the court ruled that debt collectors and secondary debt buyers need actual proof of the debt owed before they can recover it. The case involved LVNV Funding, Resurgent Capital and Sherman Financial Group. “In December 2009, Plaintiff/Appellee [...]
- DEBT COLLECTOR BLUNDERS? GET A RECORDING!
This post was submitted by Adam S. Alexander, Attorney At Law, 17200 W. Ten Mile Rd., Ste. 200, Southfield, MI 48075. You can reach him directly at www.myfaircreditsite.com or (248) 246-6353. Before you implement the suggestions in this article, check to make sure it is legal to record calls in your state. Millions of Americans [...]
- Hooray, You Are in Collections! The Debt Collector is Calling. The Debt Collector is Calling.
Fear is the worst enemy of the debtor. Fear allows us to accept false solutions and incorrect thoughts into our consciousness when we are dealing with debt. Fear is not reality. Overwhelmingly the pattern that emerges in people facing financial troubles is they eventually become afraid and paralyzed by their situation. They either leap at [...]
- Free FDCPA and Debt Collection Violation Help Now Available from GetOutOfDebt.org
I’m happy to announce that attorney Jermey Golden has recently joined the team of growing experts here at GetOutOfDebt.org. Jeremy is an expert in Fair Debt Collection Practices Act issues, debt collector abuse and debt collection violations. Jeremy Golden, Esq. is one of the resident debt experts here at GetOutOfDebt.org that helps people for free. [...]
- The 10 Best Ways to Deal With the Debt Collector
So you’re in debt and the debt collector is calling. If you are reading this you are probably stressed out, worried, not sleeping well and most certainly freaked out. When dealing with the debt collector you’ve got two choices. You can either be scared or you can rob them of their power and deal with [...]
- Debt Collector Agrees to Pay $2.8 Million to Settle With FTC
A leading debt collection company has agreed to pay a civil penalty of $2.8 million to settle Federal Trade Commission charges that its aggressive collection techniques violated federal law. As part of its efforts to protect consumers affected by the struggling economy, the FTC alleged that West Asset Management, Inc. violated the FTC Act and [...]
- MBNA Accused of Torturing Cardholder in UK
Story reported by BBC. MBNA bank has been accused by a High Court judge of “torturing” a customer with repeated phone calls demanding he repay his credit card. Keith Harrison had his debt of £20,270 written off by the judge, Nicholas Chambers QC, at Mold in North Wales. The judge said MBNA had failed to [...]
- “The Collector’s Pledge” Marks a Positive Turn in the Debt Collection Industry
Martin Sher of AmSher Receivables Management in Birmingham, Alabama has recently made a huge step in the debt collection industry with “The Collector’s Pledge”. Sher, with over 30 years experience in the credit and collection industry was named as the president of ACA International (the Association of Credit and Collection Professionals) for 2010-2011. Sher co-owns [...]
- In China, Credit Card Debt Enslaves. Anyone Surprised?
It isn’t a big shock to find out that the credit craze and panic is exploding around the world. The credit craze and panic works like this: Stage One: Craze – apply and get approved for credit and go crazy racking up the balance. Stage Two: Panic – after you’ve expended your credit resources you [...]
- FTC Hopes to Eradicate Broken Debt Collection Litigation and Arbitration
A report released by the Federal Trade Commission Monday featured the FTC’s complaints about debt collection in our country today. The report featured the conclusion that “consumers are not adequately protected in either debt collection litigation or arbitration.” The FTC put forth recommendations to both the federal and state governments on how to make the [...]
- Caught In The Web : Debt Collectors Find Fleeting Debtors Via Social Networking Websites
I feel the personal need to thank a one, Vanessa Romo, a reporter at NPR for her most recent and compelling article “Elusive Debtors Foiled By Their Social Media Sites“. This article delved into a world I had never considered existed. No not Pandora, but a realm of debt collectors using social media and networking [...]
- Victory and Disappointment for the Debt World Today: Total Debt Falls While Harassment Complaints Rise
CNN Money’s recent article, “Debt collectors get nasty” showed some real insight into the current debt collection process in this country. They touched on information reported by the Federal Trade Commission, FTC, about the number of complaints of debt collector harassment issues on the rise. Apparently these debt collectors haven’t heard of a little thing [...]
- Nightclub Boss Roughs Up and Threatens to Shoot Debt Collector
Photo Credit: mbsurf Bristol Crown Court in England had their hands full today when a case involving a nightclub boss that threatened to shoot a debt collector collecting a £4,000 debt owed to the city passed over their desks today. Nightclub boss, Cam Mu, is being accused of having armed himself with a rifle [...]
- Debt Collection Harassment Victim Awarded $1.5m in Punitive Damages
Allen Jones, a Lewisville Texas resident, owed just under $200 in debt. His debt was passed on to the collection agency Advanced Call Center Technologies, LLC. While trying to collect a payment towards his debt several employees called his phone and left multiple vulgar and offensive messages threatening him to make payments. Most of the [...]
- A Day In the Life of A Debt Collector
An Account From a Real-Life Collector I arrive at work with a long list of people to call, knowing that if all goes well, I may call 125 people today. Today, I’ll hear stories of businesses gone sour, failed marriages and terrible illnesses. I’ll hear outright lies: “The check’s in the mail,” or “The stamp [...]