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Debt Collection

Abusive Debt Collector Accused of Bankruptcy Fraud : When The Collector Becomes the Collected

Over the years Jack H. Boyajian, a seasoned debt collector, has faced accusations from authorities across the U.S. for “illegal methods to squeeze debtors”. This year a new accusation arose against Boyajian after he filed for bankruptcy in August of 2009, that he has defrauded creditors by concealing assets from the court. The Federal Government says he owes around $670,000 ... Read More »

    Victory and Disappointment for the Debt World Today: Total Debt Falls While Harassment Complaints Rise

    CNN Money’s recent article, “Debt collectors get nasty” showed some real insight into the current debt collection process in this country. They touched on information reported by the Federal Trade Commission, FTC, about the number of complaints of debt collector harassment issues on the rise. Apparently these debt collectors haven’t heard of a little thing called the “Fair Debt Collection ... Read More »

      Debt Collector Shot Dead While Riding Scooter in Front of School

      Debt Collector Shot

      In Malaysia a debt collector was shot dead while riding his scooter. What caught my eye on this story was the lead was the dude shot was a debt collector, as if that automatically is an explanation why. “Omar said they believed the shooting could be due to revenge. Police are also looking into the possibility that the assailant was ... Read More »

        Debt Collector Says “Kiss Daddy Good-Bye, He’s Going to Be Arrested.”

        A debt collector calls a Florida debtor and talks to his 10 year old daughter. The debt collector allegedly tells the daughter that her father is going to be arrested for his debt. The news story about this is below. [flashvideo file=/wp-content/uploads/Debt-Collector-Vid.flv /] Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? Read More »

          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?

              Jail

              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

                Clamped Porsche

                  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 »

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