Tag Archives: debt collectors
- Debt Collectors and Credit Bureaus to Report to the Consumer Financial Protection Bureau
The CFPB has just announced they will be rolling out new proposed rules that will regulate consumer debt collection and consumer reporting markets. Proposed rules would mark the first time these important markets would be subject to federal supervision. “Our proposed rule would mean that those debt collectors and credit reporting agencies that qualify as [...]
- 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 [...]
- Jesus as a Debt Collector
It does not matter what religion that you practice, seeking divine intervention is a common thread that binds us all. And that is good. Since debt does not discriminate among those of various religions we should not discriminate when we talk about a single unified higher power, in this case and for this discussion, God. [...]
- Can I Be Sued and My Wages Garnished if I Make $70 a Week? – Karylan
Karylan “Dear Steve, I am 24 yrs old living at home with my mom and might be getting sued by capital one. I work at a grocery store about 8 hrs a week sometimes not even that. I have had no luck finding a stable job, i might have to quit the one i have [...]
- “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 [...]
- Mickey Rourke Opens Up About His Job as a Mob Debt Collector
Another episode of before they were stars. @GetOutOfDebtGuy
- 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 [...]
- How to Make the Debt Collector Do What You Want
When you are in debt, sometimes you may feel that you are a “sitting duck” waiting for the debt collector to call. What you may not realize, however, is that there are laws which protect debtors from collection practices that you may find troublesome or harassing. The federal Fair Debt Collections Practices Act (hereafter referred [...]
- New York City Residents of Color, Poor and In Debt Likely to be Targeted for Collection Abuse.
Debt buying companies – a fast-growing segment of the debt collection industry – engage in systematic debt collection abuses that particularly target low-income New Yorkers and people of color, according to a report issued today by The Legal Aid Society, MFY Legal Services, Inc., NEDAP, and Urban Justice Center. The report finds that debt buyers [...]
- Recent Searches for Debt Advice
I thought you might be interested in some recent search requests from visitors. It helps to give you a snapshot of what is on the minds of people looking for help. hide phone number from debt collectors how to get out of deebt experts advice on getting rid of debt better management of credit rating [...]
- My Twenty Year Old Daughter is in a Terrible Financial Situation. – Sam’s Mom
Sam’s Mom “Dear Steve, My daughter is 20 and what credit she has is already bad. She lived with a boyfriend (and friends) for two years and now has moved back home. Her current job is in the food industry on a college campus so that job will be gone when the school year ends. [...]
- How Do Bill Collectors Get Cell Phone Numbers?
I am often asked how debt collectors get a hold of your cell phone or mobile phone number when you have not given it to them. It is actually very easy to do and best yet, you give it to them. Never call a debt collector on a toll-free number or a direct number if [...]
- Double Standard For Debt Settlement. Not So Sleazy Now, Ask Hilary Clinton, John Glenn and the FEC.
Consumer debt is a world of double standards. On one hand you have advocates screaming about the evils of debt settlements or that groups that charge people for professional help to do debt settlements are ripping off consumers because settling debts is something that anyone can do. Don’t get me wrong, I’m not a huge [...]
- Credit Card Debt Trap Video – Must See!
Dateline NBC did a great show about the issues surrounding consumer debt in America with my friend Elizabeth Warren was in it. She is a brilliant lawyer, consumer debt author and an overall good person. It’s worth taking some time to watch all the videos below. The information presented is eyeopening and will be disturbing [...]
- Unemployed, Pregnant, and Can’t Afford the Payments – Erin
“Dear Steve, Unemployed, pregnant, and cant afford the payments demanded by the debt collectors. I am trying to make the demanded payments by the debt collectors, with out defaulting on my car payment, insurance, and medical bills. Do I have to send the collection agency the payment they are demanding, or can I send what [...]