Tag Archives: debt collection
- Can the Original Creditor and Debt Collector Report the Same Account Twice on My Credit Report? – John
“Dear Steve, Can the original debt grantor continue to report your debt to credit bureau’s after they have turned the debt over to a collection law firm. They show one balance the debt grantor and the collection company shows a larger balance. John” Don’t miss our free Get Out of Debt – “How To” Guide [...]
- How to Deal With Debt Collectors or Debt Buyers
This guide will give you some fabulous resources for dealing with debt collectors, debt collection, and debt buyers. There are two ways to approach being in collections. Most approach it with fear and stress. A few learn how to deal with it in the right way, with education and a positive attitude. A positive attitude? [...]
- I’m Getting Ready to be a Nurse in Wyoming But Got a Big Collection Notice I Can’t Pay. – Kristie
“Dear Steve, Hi my name is kristie I got a collections paper in the mail todayfor $3800. I’m a new mother and just finished my can schooling and took my state boards and now am waiting to be added to the wyoming state boards of nursing registry so I ca find a job at a [...]
- Most Lawsuits for Credit Card Debt Are Flawed and Defective. Fight Back And You Could Win.
Thanks to Jessica Silver-Greenberg from the New York Times we get a great look inside the credit card lawsuits that are rolling out today, and they reek. Judges interviewed for the piece say that if consumers actually appeared in court, they might actually win many of these suits because the debt buyers suing can’t actually [...]
- How to Best Deal With Aggressive Debt Collectors
In today’s world, the term “aggressive” has positive connotations. When hiring an attorney, for example, no one would want a passive advocate for their claims. People want an aggressive lawyer. Similarly, in business, companies want aggressive salespeople; and sport teams want aggressive players. No wonder, I often have clients that try to excuse away egregious [...]
- Negotiating a Debt Settlement With a Debt Collector
Are you in collection and want to negotiate with the debt collector to settle your debt for less than you owe? This video will show you how to do it with great advice from my friends, Gerri Detweiler and Michael Bovee. We talk about the best time to settle a debt with a debt collector [...]
- 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 [...]