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Debt Collection

Citibank Debt Collectors Reportedly Killed Debtor for Complaining About Credit Card Balance

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A consumer who owed Citibank in Indonesia is reported to have been murdered after complaining about his growing Citibank debt. This is the second recent criminal case filed which involves Citibank employees. The other involved embezzlement from a customer account by a Citibank employee. The Jakarta Post is reporting: “Citibank customer Irzen Octa, who was also the secretary-general for the ... Read More »

    All Am-Ex’s Live In Texas: Credit Card Debt Laws In The Lone Star State

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    The following guest post was contributed by Cole Collins. Cole is a free lance writer in the personal finance industry with a concentration on consumer debt relief and credit card debt. If you would like to contribute a guest post, click here. While no residents of the United States this day and age should feel comfortable regarding their credit card ... Read More »

      The 10 Best Ways to Deal With the Debt Collector

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      So you’re in debt and the debt collector is calling. If you are reading this you are probably stressed out, worried, not sleeping well and most certainly freaked out. When dealing with the debt collector you’ve got two choices. You can either be scared or you can rob them of their power and deal with the situation in a open ... Read More »

        The Importance of Reading the Fine Print of Credit Agreements

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        Last week a concerned mother wrote to us here at GetOutOfDebt.org with a predicament with her son’s BillMeLater Account. Her concerns are as follows: “This debt is just outrageous and needs to stop with the deferred payment that they are going to sock onto this debt and will never be paid off. There is no reasoning with them at all ... Read More »

          Oregon Shuts Down Debt Collection Law Firm. Attorney Loses License.

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          Oregon Attorney General John Kroger today announced an agreement that shuts down a Eugene-based law firm that was the subject of dozens of complaints about its debt collection practices. In addition to closing down McGavic & Finney PC, the settlement requires founding partner Derrick E. McGavic to pay $70,000 and surrender his license to practice law. “At a time when ... Read More »

            Debt Collector Agrees to Pay $2.8 Million to Settle With FTC

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            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 Fair Debt Collection Practices Act. ... Read More »

              Jesus as a Debt Collector

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              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. There is no way that ... Read More »

                MBNA Accused of Torturing Cardholder in UK

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                Story reported by BBC. MBNA bank has been accused by a High Court judge of “torturing” a customer with repeated phone calls demanding he repay his credit card. Keith Harrison had his debt of £20,270 written off by the judge, Nicholas Chambers QC, at Mold in North Wales. The judge said MBNA had failed to give Mr Harrison the terms ... Read More »

                  Fair Debt Collection Practices Act Provides New Business Opportunities To Some Lawyers

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                  The 1977 federal law to protect consumers from abusive debt collectors, better known as the Fair Debt Collection Practices Act (FDCPA) has molded a profitable business opportunity for some lawyers. Some lawyers are using the law as a tool for lawsuits which results in some cases avoiding litigation in favor for quick settlements. Colorado has become one of the nation’s ... Read More »

                    Former Asset Acceptance Employee Alleges FDCPA Abuses

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                    I worked for asset acceptance a debt collection company that purchases debt they have 5 US locations and a huge call center in India. Since the company has good old Rion Needs from Amex all of the US jobs have threatened, basically forcing reps into breaking FDCPA rules to collect more money. What happens is that most people don’t report ... Read More »

                      Debt Collector Robo-Signers a Bigger Mess Than Foreclosures

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                      The New York Times is reporting debt collection agencies have been robo-signing even more files than have mortgage companies for foreclosures. The robo-signing is a big deal because before a creditor moves against a consumer they are supposed to review the file and complete an affidavit the information they are stating is true and accurate. The courts depend on the ... Read More »

                        When Debt Collectors Go Wild, It’s Not Sexy. Listen.

                        A tipster (send in your tips here) sent in an email with a link to a story about some Bank of America debt collectors that seem to have lost their m***** f****** minds. The debt collector on tape had been hired seven months after he left jail on a six year stretch. The video below includes testimony from the collector ... Read More »

                          Man Charged With Running Debt Collection Company From Prison

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                          New York Attorney General Andrew M. Cuomo announced criminal charges against Lamont Cooper, 38, formerly of Heritage Drive in Lancaster, for allegedly operating his Buffalo-based debt collection agency while incarcerated in federal prison on unrelated charges. Cooper was previously barred by court order from the debt collection industry in 2009 after Attorney General Cuomo’s Office determined that his operation regularly ... Read More »

                            Debt Collector Asks Woman How Her Dead Daughters Must Feel Knowing She’s Not Paying Her Student Loan

                            In a case against Premiere Credit of North America by Holly Owens, she alleges that she was abused by a debt collector and in an attempt to collect a debt. If what is alleged in the complaint is true, the debt collector stepped waaaaay over the line. Here is what the complaint says. I’ve bolded the most disturbing part for ... Read More »

                              “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 AmSher Receivables with his brother, ... Read More »

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