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Tag Archives: debt collection

The 10 Best Ways to Deal With the Debt Collector

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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 the situation in a open ... Read More »

Debt Collector Agrees to Pay $2.8 Million to Settle With FTC

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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 Fair Debt Collection Practices Act. ... Read More »

MBNA Accused of Torturing Cardholder in UK

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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 give Mr Harrison the terms ... Read More »

“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 AmSher Receivables with his brother, ... Read More »

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 panic as you try to ... Read More »

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 debt collecting system “both efficient ... Read More »

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 sits to collect debts owed. ... Read More »

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 called the “Fair Debt Collection ... Read More »

Nightclub Boss Roughs Up and Threatens to Shoot Debt Collector

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  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 and kicking Christopher Simcock, bailiff ... Read More »

Debt Collection Harassment Victim Awarded $1.5m in Punitive Damages

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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 messages were too obscene to ... Read More »

A Day In the Life of A Debt Collector

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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 fell off.” And I’ll hear ... Read More »

Boy in China Kills Self to Avoid Debt Collector and Getting Legs Sawn Off

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Wow. It looks like being in debt in the U.S. is a lot better than in China. Nobody is getting their legs sawn off here. Here is a story from China. The parents of an 18-year-old boy who committed suicide are suing for 760,000 yuan ($111,340) the man they say drove him to it. Father Liao Liubin and mother Dan ... Read More »

Is There Anything I Can Do to Get the Bill Collectors Off My Back for a Few Months? – Nadia

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Nadia “Dear Steve, I am 24, I moved to Oklahoma in December of 08, it took me a while to find a good job. I have been working steadily now for about 4 months and trying to get back on track. I planned on going to school and therefore being able to get in-school deferment on my student loans, but ... Read More »

Deborah Wants to Write Letters to Creditors. But is That a Waste of Time?

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Deborah “Dear Steve, I have over $30,000 of debt. Most of this is credit card debt but almost as much is medical (doctors, emergency room, ambulance, nursing home, etc.) I thankfully had insurance that paid 80% of those bills. I am disabled now. I have just recently begun getting a disability check ($677.00/month) I have no job, no savings, no ... Read More »

Denise Can’t Find CACH, LLC And It is Holding Up Refinancing Her Home

Denise “Dear Steve, I have judgment against me placed a company called CACH LLC. I cannot contact them or the attorney that placed the judgment. In midst of refinancing home to pay off judgment. Lawyer says I need a pay off amount. How can I get a pay off amount if I can’t get a hold of them? What if ... Read More »

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