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Tag Archives: Bad Debt Buyer

NC Senator Michael Lee Article Ruffled Some Debt Collection Feathers

Photo Credit: ElfDomx

Yesterday I published this article about proposed changes to pursing debtors in North Carolina over purchased debt. That would have been the story, done and dusted. But today I awoke to find InsideARM, an accounts receivable trade publication leveled some objections at my opinion piece. InsideARM said, “Rhode calls Lee’s bill, “idiotic,” and “ill-advised, ill-conceived and unwarranted.” Other than potentially ... Read More »

    NC Senator Michael Lee of Wilmington Might Be a Debt Collection Idiot

    Screen Shot 2015-04-29 at 5.39.39 PM

    North Carolina is trying to pass legislation which will roll back protections for consumers who have bad debt purchased by debt buyers. Senator Michael Lee from Wilmington, North Carolina is the sponsor of S.B. 511, titled Proof Required for Debt/Fees, which efforts to rollback the requirement the bad debt buyer must have detailed information about where and when the debt ... Read More »

      A Paper Worth Reading: Robo-Signing and Lack of Proof in Debt Buyer Cases

      Here is a great research paper worth reading. It certainly helps to focus the robo-signing issues we’ve all heard about with mortgages to a problem that debt relief providers will need to deal with. For a while we’ve talked about the issue of a debt relief provider that either sets up a payment plan or assists a consumer to settle ... Read More »

        Bad Debt Buyers Dealing With Shrinking Supply of Debt to Buy

        Ready to Collapse

        Another reinforcement to the unfortunate trend of negative signs that are impacting the demand for debt relief services has emerged. According to Collections & Credit Risk, bad debt buyers are finding it harder to purchase debt as the supply of bad debt shrinks. A more limited supply is driving up costs for debt buyers just as shrinking levels on consumer ... Read More »

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