Latest Posts
Home > Debt Articles > Debt Collection (page 3)

Debt Collection

New York: Great Pizza, Bagels… & Debt Collection Laws?


New York: Great Pizza, Bagels… & Debt Collection Laws? (via Personal financial challenges can be daunting. Struggling to pay bills is tasking enough, but when you throw in having to deal with aggressive debt collector calls, letters, even legal actions, it can become overwhelming, and often confusing. Federal and state laws regarding how debts can legitimately… Read More »

    Get Out of Debt Guy Gets a Collection Notice

    toll booth

    It is so ironic to be the Get Out of Debt Guy and get a collection notice yourself. But that’s what happened to me recently. I guess the good news is since I help people with debt every day I was prepared to deal with it. The collection claim was that I owed $51 to the State of Delaware for ... Read More »

      If You Get This Debt Collection Email. It’s Dubious at Best.

      garbage can

      One of my Facebook followers sent me this email they got for a debt collection company trying to scare them into paying a debt they most likely don’t owe. This effort ranks right up there with all the other bogus debt collection efforts that try to scare someone into paying a debt the company may not be authorized to collect. ... Read More »

        Debt Collector and Debt Collection Law Firm to Pay Big for Violations


        After allegedly misleading consumers into paying unnecessary fees and falsely threatening consumers with lawsuits, defendants in a debt collection operation have agreed to settle Federal Trade Commission charges. The FTC alleged in its complaint that the defendants – a debt buyer and a debt collection law firm, both based in Mississippi – violated the FTC Act and the Fair Debt ... Read More »

          How to Dispute and Ask a Debt Collector to Validate a Debt

          Return Receipt

          If you have been contacted by a debt collector that is not the original creditor or representing the original creditor, I think it would be smart to ask the debt collector to validate the debt and prove you actually owe it if there is any doubt on your part you owe the debt. Many debts were sold to debt buyers ... Read More »

            FTC Shuts Debt Collection Company That Threatened Consumers


            At the request of the Federal Trade Commission, a U.S. district court shut down a Houston-based debt collection operation that allegedly illegally used insults, lies, and false threats to collect on payday loans – including telling a Virginia woman that she would be arrested and jailed for three years, and would lose her disability payments if she did not pay ... Read More »

              An Examination of New CFPB Debt Collection Rules

              Screen Shot 2012-10-29 at 12.55.35 PM

              The Consumer Financial Protection Bureau (CFPB) has released new rules that will give it the authority to supervise the activities and actions of the nations largest debt collection agencies. While supervision does not extend to all debt collection groups, the lessons learned will. The CFPB stated that the purpose of this action and regulations of the debt collection industry was ... Read More »

                Medicredit Debt Collector Allegedly Threatens Mother and Uses Social Media as Weapon

                Screen Shot 2012-10-23 at 6.50.50 AM

                Update 11-5-2012 We received the following correspondence from Michael A. DiMarco from MediCredit. In your October 23, 2012 blog entitled “Medicredit Debt Collector Allegedly Threatens Mother and Uses Social Media as Weapon,” you acknowledge that there might be some confusion in the identification of the exact underlying companies in the lawsuit filed. The facts are: 1. The complaint should have ... Read More »

                  Old Dog – FDCPA Lesson Learned

                  Ready to Collapse

                  I’ve been living with dealing with debt since 1990 and began professionally helping people with debt problems in 1994. There are just fewer issues that come along these days that surprise me and teach this old dog something new. But once in a while one does. This one has to do with a incorrect assumption that myself and many others ... Read More »

                    Debtors to be Posted on Facebook to Shame Them Into Paying


                    I’m sorry, this proposal by the city of Farmington, Mississippi seems so wrong. According to the local newspaper, the city is exploring the public shaming of debtors through presumably the city Facebook page, which by the way, blows. – Source The town apparently believes that even if the person named does not see the Facebook mention, others will see it ... Read More »

                      Can All Debt Relief Sales Pitches Be Believed. What About This One?

                      A reader sent me an email they had received from a site Credit Card Debt Relief 4u. The email says: “After your debt defaults (about 6 months from the first missed payment) with the original creditor, it is passed onto a debt collection agency for collection. If you send that agency the right letter, your debt will likely get passed ... Read More »

                        Resurgent Capital Services’ and LVNV Funding Dismiss Thousands of Maryland Collection Lawsuits

                        Ready to Collapse

                        Maryland District Court Chief Judge Ben C. Clyburn wiped the slate clean on about 3,600 lawsuits to collect debt that was initiated as the result of Resurgent Capital Services’ and LVNV Funding going after consumers. The companies reached a settlement with the State of Maryland that included paying a $1 million dollar penalty and dismissing the 3,564 active lawsuits against ... Read More »

                          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 debt collector behavior on the ... Read More »

                            Negotiating a Debt Settlement With a Debt Collector

                            Ready to Collapse

                            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 »

                              Fake and Bogus Debt Collector Scam – Video

                              Ready to Collapse

                              Don’t let a fake or bogus debt collector threaten you with immediate arrest on a debt you don’t recognize. Some outfits have sprung up that use personal information obtained from people who may have applied online for a loan to call and scare into paying a fake debt. Recently Gerri Detweiler, Michael Bovee and I got together to tape a ... Read More »

                                Get My FREE Get Out of Debt Guy Newsletter

                                Latest Info, Best Advice, Cutting Edge Tips

                                I promise to keep your email safe and secure.