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Debt Collection

Debtors to be Posted on Facebook to Shame Them Into Paying

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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

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      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

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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 »

            Fake and Bogus Debt Collector Scam – Video

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            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 »

              Zombie Debt 1099 Style. And You Thought Your Old Debt Was Dead. LOL.

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              THE KING OF ZOMBIE DEBT: THE 1099-C. WHAT TO DO WHEN COLLECTION CONTINUES AFTER RECEIVING A 1099-C By Gregory M. Fitzgerals, Esq. Most folks who get a 1099-C accept that it is a good news/bad news thing. The bad news is you must include the 1099-C as income on your taxes. The good news is you no longer owe the ... Read More »

                Tennessee Protects Citizens From Debt Collectors. Arizona Serves Them Up.

                A recent court case in Tennessee went all the way to the State Appeals Court. In this case the court ruled that debt collectors and secondary debt buyers need actual proof of the debt owed before they can recover it. The case involved LVNV Funding, Resurgent Capital and Sherman Financial Group. “In December 2009, Plaintiff/Appellee LVNV Funding, LLC, (“LVNV”) as ... Read More »

                  Debt Validation Finally Defined. What You Should Ask a Collector or Creditor for to Validate a Debt.

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                  So much stuff has been written advising people to get their debts validated. I’ve asked professionals and lawyers all over for a definition of what this actually means and until now, nobody really knew. Was validation of a debt achieved if the lender simply acknowledged an account was present or did it require documentation of all transactions in the account? ... Read More »

                    Don’t Be Surprised to Be Asked to Pay Up Before Getting Care in Emergency Room

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                    Accretive Health, one of the largest collectors of delinquent medical debts has become a target of criticism and regulator attention recently. It is alleged that debt collectors, appearing to be hospital employees, have been confronting sick and injured patients, and demanding payment before treatment. The practice of embedding debt collectors in some hospitals came to lift in hundreds of company ... Read More »

                      Reducing Debt with a Second Job

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                      Reducing debt can be a difficult task, especially if you are already involved with collections. Sure the FDCPA will protect you from harassment, but who really wants to deal with that? One method to getting out of debt is to make more money…fast. Getting a second job is an effective way of doing that. While getting a second job may ... Read More »

                        County Filing Services and Others Sued by West Virginia Over Collection Activity

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                        Country Filing Services is back on my radar again. The State of West Virginia recently filed suit against them and a number of other parties over alleged unlicensed debt collection activities. County Filing Services first came to my attention by a reader that was scared by them. That investigation resulted in this huge article, “Fake Process Servers Work Hard to ... Read More »

                          Debt Collectors Banned for Life

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                          Two men who worked for an allegedly abusive and deceptive debt collection operation will be banned from the business as part of settlements reached with the Federal Trade Commission. The settlement orders against the two employees of the debt collection firm doing business as Rumson, Bolling & Associates are part of the FTC’s efforts against illegal debt collection practices. The ... Read More »

                            Debt Collectors Suffering Reduced Income as Well as Debt Relief Industry

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                            A reader sent me a link to a story in Forbes that shed some light on the declining profit earned by debt collectors in this time where some assume they are cleaning up with so much past due consumer debt floating about. It’s not true. Profit margins have been slipping in the debt collection industry and layoffs and staff reductions ... Read More »

                              Fake Debt Collectors from India, Stopped

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                              In December of 2009 I wrote Frightening Calls From Fake Debt Collectors Threaten People With Jail for Payday Loans. It’s a Scam. Since that time people have been receiving an increasing number of brazen calls from fake and phony debt collectors threatening jail or arrest. The names and telephone numbers these fake debt collectors literally scared the money out of ... Read More »

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