Insights on debt collection, your rights, how to handle collectors, dispute debts, and avoid scams while managing financial obligations effectively.
Case Information Allegations at a Glance Michael Jordan has filed a lawsuit against LVNV Funding LLC, alleging that the company violated federal and state laws through the use of misleading and unlawful debt collection tactics. According to the complaint, LVNV attempted to collect a time-barred debt stemming from a 2007 credit card account that had …
Let me guess—you sent a debt collector a dispute letter, marked your calendar, and waited. Thirty days pass. No response. And now you’re wondering: “If they didn’t verify the debt in 30 days… does that mean it’s invalid? Do I win?” I wish it worked like that. But here’s the truth: not responding within 30 …
Case Information: Allegations at a Glance: The FTC alleges that Blackrock Services and its affiliates engaged in deceptive and abusive debt collection practices, including falsely representing debts, threatening legal action, and impersonating law firms. The scheme allegedly involved fraudulent claims that consumers owed money and would face lawsuits, wage garnishments, or credit score damage if …
The Consumer Financial Protection Bureau (CFPB) has reached a settlement in its lawsuit against law firm Forster & Garbus, LLP for illegal debt-collection practices. If approved by the court, the proposed settlement would prohibit Forster & Garbus from filing any new lawsuit against a consumer unless it has specific documents supporting the debt and certifies …
The question about sending a letter to get a debt collector to stop contacting you is always an interesting one. The decision to send such a letter is so multifaceted and involves emotion, risk, and tolerance. But, maybe most importantly, it consists in having a plan and taking action that will ultimately deal with your …
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Today, the Consumer Financial Protection Bureau (CFPB) issued an advisory opinion affirming that federal law often prohibits debt collectors from charging “pay-to-pay” fees. These charges, commonly described by debt collectors as “convenience fees,” are imposed on consumers who want to make a payment in a particular way, such as online or by phone. “Federal law …
I’ve recently heard more about a group offering legal help to get people out of debt. People have mentioned similar names of companies, both Century Law Group and Century Law Firm. From a look at each company’s website CenturyLawInc.com and CenturyLawGroup.com it initially appears to me that the company primarily focused on selling debt relief …
The Consumer Financial Protection Bureau (CFPB) today sued United Debt Holding (UDH), JTM Capital Management (JTM), United Holding Group (UHG), and their owners, Craig Manseth, Jacob Adamo, and Darren Turco, for illegal debt-collection practices. The Bureau alleges that the defendants placed consumer debt with, or sold consumer debt to, collection companies that used unlawful and …
New York recently enacted Senate Bill (SB) 153, the Consumer Credit Fairness Act, significantly impacting debt collection lawsuits filed by creditors or debt collectors. A few of the key amendments include: Most collection lawsuits arising out of a consumer credit transaction will now have a 3-year statute of limitations rather than 6 years. Extensions and …