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Debt Collection

Phantom Debts Come Back to Life. It’s Alive!

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The problem of zombie debts, that’s debts that come back to life, is well known. What is becoming more of a problem is what happens when an old debt has been sold, sold, and sold again. The current debt buyer can’t really prove they own the debt at all. In fact just recently we published an article about this problem. ... Read More »

    Most Debt Buyer Lawsuits Foiled By Inability To Prove Debt Owed

    Debt Buyer Palintiffs Failed to Substantiate That a Debt is Owed

    The Municipal Employees Legal Services of New York’s District Council 37 has seen an increasingly startling number of cases cross their desk over the past few years involving cases pertaining to debt buying lawsuits against consumers. Given that these sort of cases have doubled over the past 10 years, they took a special interest into the matter and conducted a ... Read More »

      Ignoring Debt Until Police Show Up. Is Jail in Your Future?


      When I first started working in the financial world of helping people with their debts I was told that doing nothing with the debts was an option, not a viable one, but an option nonetheless. A recent article from the StarTribune in Minneapolis, Minnesota showcased what happens to people in Hennepin County, Minnesota who take that very route, ignoring debt. ... Read More »

        Nightclub Boss Roughs Up and Threatens to Shoot Debt Collector

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          Photo Credit: mbsurf Bristol Crown Court in England had their hands full today when a case involving a nightclub boss that threatened to shoot a debt collector collecting a £4,000 debt owed to the city passed over their desks today. Nightclub boss, Cam Mu, is being accused of having armed himself with a rifle and kicking Christopher Simcock, bailiff ... Read More »

          Northern Asset Management and Eastern Asset Management, Debt Collection Companies, Sued by NY AG

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          Attorney General Andrew M. Cuomo announced a lawsuit against several Western New York debt collection companies that violated the law by harassing consumers through repeated threatening and obscene phone calls as well as making illegal calls to the consumers’ employers and families. Attorney General Cuomo’s lawsuit claims Frank Santiago, of South Creek Road in Hamburg, who is the owner and ... Read More »

            Debt Collection Harassment Victim Awarded $1.5m in Punitive Damages

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            Allen Jones, a Lewisville Texas resident, owed just under $200 in debt. His debt was passed on to the collection agency Advanced Call Center Technologies, LLC. While trying to collect a payment towards his debt several employees called his phone and left multiple vulgar and offensive messages threatening him to make payments. Most of the messages were too obscene to ... Read More »

              A Day In the Life of A Debt Collector

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              An Account From a Real-Life Collector I arrive at work with a long list of people to call, knowing that if all goes well, I may call 125 people today. Today, I’ll hear stories of businesses gone sour, failed marriages and terrible illnesses. I’ll hear outright lies: “The check’s in the mail,” or “The stamp fell off.” And I’ll hear ... Read More »

                How to Make the Debt Collector Do What You Want

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                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 to as “FDCPA”) and other ... Read More »

                  Former Marine Becomes Debt Collector and Says Being Mr. Mean Works Better Than Being Nice

                  In this video we see a former debt collector talk about how being mean and rude earns him more money than being nice. The piece also contains a number of egregious recordings of debt collectors breaking the law with threats and statements. For those in debt, this may be hard to watch. “To ruin your day to collect the money. ... Read More »

                    New York City Residents of Color, Poor and In Debt Likely to be Targeted for Collection Abuse.

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                    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 in New York City routinely ... Read More »

                      Boy in China Kills Self to Avoid Debt Collector and Getting Legs Sawn Off

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                      Wow. It looks like being in debt in the U.S. is a lot better than in China. Nobody is getting their legs sawn off here. Here is a story from China. The parents of an 18-year-old boy who committed suicide are suing for 760,000 yuan ($111,340) the man they say drove him to it. Father Liao Liubin and mother Dan ... Read More »

                        Debt Collectors Using Facebook to Gather Debtor Addresses

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                        Several debt collectors at ANZ Bank in Australia are alleged to have created a fake Facebook accounts to friend people that were in collection in an attempt to gather addresses, phone numbers and emails of people in collections. If it is happening in Australia there is no reason why we should not expect it to be happening in the U.S. ... Read More »

                          Consumer Attorney Jason Rapa Speaks Out About the Importance of Validating Debt When Sued

                          Today I’, talking with consumer attorney Jason Rapa from Pennsylvania. We talk about both debt validation and debt collector behavior. Today, bad debt buyers are unable to cough up proof a debt is valid and actually legally collectable but depending on where you live, the inability to validate the debt can’t be relied on alone to prevent you from being ... Read More »

                            New York Attorney General Sues Attorney for Renting Out His Name to Company

                            Attorney General Andrew M. Cuomo today announced his office has sued a Western New York lawyer who sold debt collectors the use of his name, which the debt collectors then used to intimidate consumers by threatening bogus legal action. The action is the latest in Attorney General Cuomo’s ongoing probe into unlawful debt collection practices. Cuomo’s office sued Williamsville-based attorney ... Read More »

                              Debt Collection Company National Enterprise Systems Pays Up in Ohio for Consumer Violations Including Settlement Issues

                              Ohio Attorney General Richard Cordray has secured $207,500 in consumer restitution and a comparable amount in payment to the state’s Consumer Protection Enforcement Fund in a settlement with Solon-based National Enterprise Systems, Inc. (NES). In July, Cordray sued the collection agency for harassing consumers when attempting to collect on debt. As a result of the agreed consent judgment filed in ... Read More »

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