A Debt Buyer Is Suing Me and Won’t Show Proof I Owe It. Here’s What to Do Right Now.
A debt buyer sued you and hasn’t produced the contract, statements, or bill of sale? Here’s exactly how to answer, demand proof, and protect yourself right now.
Debt Buyers
A Debt Collector Won’t Validate the Debt But Won’t Stop Calling. Here’s What to Do Right Now.
A debt collector who won’t send real proof of the debt but keeps calling anyway may be breaking federal law. Here’s what validation actually requires.
They Said Once the Debt Was Charged Off, I Don’t Owe It Anymore. The Bank Wrote It Off — Not You.
A charge-off is an accounting move, not forgiveness. Here is what you still owe, what the statute of limitations really limits, and the 7-year rule.
A Collector Is Calling About a Debt That’s Years Old. Here’s What to Do Right Now.
A collector is calling about an old debt? In most states they can’t sue you once it’s time-barred — but one wrong move can restart the clock. Here’s what to do.
I’m Being Sued by a Creditor While I’m in a Debt Settlement Program. What Do I Do?
Yes, a creditor can sue you while you’re in a debt settlement program — and the company won’t defend you. Here’s the one move that protects you: answer the lawsuit.
Does a Debt Collector Count as a ‘Third Party’ the Privacy Notice Promised? A Reader’s Question, Answered
Lisa asked if her privacy notice makes her debt unenforceable once it’s sold to a collector. The real answer involves two laws, not one.
LVNV Funding Bought Your Debt for Pennies on the Dollar. Here’s What That Means for You.
LVNV Funding pays less than 1 cent per dollar for charged-off debt, according to federal data. That means your $10,000 balance cost them roughly $200. Here’s how knowing that changes your negotiating position, your legal rights, and your options.
CFPB Cuts Expert Contracts: What It Means
Quick Answer: The CFPB has abruptly terminated expert witness contracts and suspended operations under Trump administration orders, effectively halting investigations and enforcement actions. This unprecedented move signals a major shift away from consumer protection enforcement and has left financial industry participants facing regulatory uncertainty. The Consumer Financial Protection Bureau (CFPB) has abruptly terminated contracts with …
Debt Collection Lawsuits: What the Data Shows
Quick Answer: ProPublica’s analysis reveals that debt collection lawsuits disproportionately target low-income Americans, with 4 million workers having wages garnished in 2013. Those earning $15,000-$40,000 annually face the highest garnishment rates, and Black communities experience significantly more debt collection lawsuits than white communities even at similar income levels.by Paul Kiel ProPublica, May 5, 2016, 8 …
The Power of Debt Validation in Stopping the Robo-Signing Debt Collector
Quick Answer: Debt validation can stop robo-signing debt collectors who file lawsuits without verifying debts, as demonstrated by Minnesota’s lawsuit against Midland Funding LLC. Midland employees admitted to signing up to 400 affidavits daily without reading them, often for decade-old “zombie debts” purchased for cents on the dollar.The following guest post was contributed by Michael …
