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Tag Archives: debt collector

Debt Collection Form Letters to Stop Debt Collectors in 5 Different Situations

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The Consumer Financial Protection Bureau has published five letters consumers can use in certain circumstances to deal with abusive debt collection practices. It is important for consumers to be aware that while these form letters may be helpful, the letters are best used in the right situation and to accomplish a specific task. For example, asking a collector or creditor ... Read More »

FTC Versus NCO Debt Collector. FTC Wins $3.2 Million Penalty.

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The world’s largest debt collection operation, Expert Global Solutions and its subsidiaries, has agreed to stop harassing consumers with allegedly illegal debt collection calls and to pay a $3.2 million civil penalty – the largest ever obtained by the Federal Trade Commission against a third-party debt collector. In its complaint, [which you can read here] the FTC charged that the ... Read More »

New Bank Guidance Can Be a Debt Collection Game Changer

The Office of the Comptroller of Currency has issued guidance to banks it supervises that will be used to supervise the bad debt and debt collection practices of banks. The new guidance is not a rule yet but it is the OCC document on what is “best practices.” The focus of the rule is bad debt that is sold and ... Read More »

Having Problems With a Debt Collector. Affordable Legal Help Available Here.

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One of the common requests I hear from readers is for legal help with issues surrounding their debt problems when they feel they’ve been hurt or abused by a debt collector. In the past I’ve always referred people to the National Association of Consumer Advocates and the GetOutOfDebt.org legal friends and protectors to find an attorney that is licensed in ... Read More »

Can the Original Creditor and Debt Collector Report the Same Account Twice on My Credit Report? – John

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“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 Series on a number of ... Read More »

Portfolio Recovery Associates Sued My Wife on Disability. – Frank

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“Dear Steve, My wife and I both became disabled and she had to go on Social Security Disability in 2008 and I had to go on Retirement/Disability from the US Department of Defense Civil Service in 2004. Needless to say our incomes dropped substantially and we could no longer afford our credit card debts. My wife received a letter from ... Read More »

My Elderly Neighbor is Getting Debited by a Debt Collection Company. – Ann

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“Dear Steve, I am helping a 78 year old neighbor with diminished capacity get settled into an extended-care facility, and noticed that there is an amount of $99.02 starting to come out of her bank account paid to a JJD Collections LLC in California. Her social security is $675 a month, and her section 8 rent amount is $515.15, and ... Read More »

Old Payday Loan People Are Threatening to Turn Me Over to Local Authorities. – Shemeka

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“Dear Steve, Over 5years ago I took out went to a check cashing place n got a pay day loan n forgot about it so i didnt pay them off now about 2months ago a collection agency has been calling for repayment of check for about 520.00 and on top of that lawyer and court fees. I’ve asked them to ... Read More »

How to Deal With Debt Collectors or Debt Buyers

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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? Yes. You see the debt ... Read More »

A Lawyer Office Says They Will Garnish My Wages and Take My Tax Return If I Don’t Pay By Tomorrow. – Annette

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“Dear Steve, Someone called from a lawyers office claiming i have credit card debt from 2004, they said that is when my last payment was. Now they are threatening if i dont make an arrangement by tomorrow morning that the guy is coming to collect my paperwork and turn it in to the IRS with a 1099C and they can ... Read More »

I’m a Client of a Debt Settlement Company in Canada But Debt Collectors Are Still Calling Me. – John

“Dear Steve, Debt settlement company in Canada send a power of attorney via fax to a collection agency, and I am still receiving phone calls as they stated that the debt settlement company is not a lawyer If you hire a debt settlement company in Canada and they forward a power of attorney to the collection agency, does that agency ... Read More »

UK Doorstep Debt Collector Dragged to Car and Robbed at Knife Point

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Last week a UK door-to-door debt collector was targeted and robbed with a knife held to her side. The Manchester Evening News is reporting the woman had just left a house and was on the way back to her car in Duchess Street in Shaw at about 8pm on Friday October 12 when she was confronted by a man who ... Read More »

How to Best Deal With Aggressive Debt Collectors

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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 debt collector behavior on the ... Read More »

Negotiating a Debt Settlement With a Debt Collector

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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 and how much to expect ... Read More »

There are Good Debt Collectors and Then There Are Debt Collectors That Lie, Cheat, Steal, and Threaten

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A reader brought the following article to my attention, America’s Abusive Debt Collectors on the DailyBeast.com. It is an interesting look into some of the bad collection outfits by Gary Rivlin. Gary includes first-person accounts of some of the actions they were asked or required to do to keep their jobs as collectors. These bad acts included everything you wished ... Read More »

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