Latest Posts
Home > Tag Archives: Debt Buyers

Tag Archives: Debt Buyers

Chase Bank in Deep Shit Over Bad Debt Collection Practices


Over half a million consumers just caught a break with help from the Consumer Financial Protection Bureau. It appears the CFPB has taken tough action against a major bank for basically screwing over consumers who were being forced to pay debt they rightfully should not have had to. The CFPB Says… Today the Consumer Financial Protection Bureau and Attorneys General ... Read More »

    How To Reduce Debt Buyer Collection Lawsuits


    Last week the CFPB and the FTC held a workshop to address what happens to unpaid debts at different stages of the debt collection cycle. The workshop brought together state and federal regulators, economists, major banks, debt collection agencies, debt buyers, consumer advocate attorneys, technology companies, members of the judiciary, credit reporting agencies, and more. The workshop was aptly titled ... Read More »

      The Power of Debt Validation in Stopping the Robo-Signing Debt Collector

      Ready to Collapse

      The following guest post was contributed by Michael Bovee of Consumer Recovery Network. If you would like to contribute a guest post, click here. In the wake of robo-signing scandals involving home foreclosures across the country come the reports of similar behavior by debt buyers who file court actions in order to collect on delinquent unsecured debts such as unpaid ... Read More »

        Debt Buyers, Getting Sued by a Creditor, and Debt Relief Scams to Avoid – Get Out of Debt Podcast

        This week Damon and I talk about debt buyers, companies that purchased charged off debt and attempt to collect them, the problem with the proof that debt buyers have to collect the debt, and the wave of lawsuits and judgments from debts buyers. We talk about what happens when you are sued by a creditor for a debt, what happens ... Read More »

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

          Ready to Collapse

          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 »

            Get My FREE Get Out of Debt Guy Newsletter

            It is the smart thing to do.

            I promise to keep your email safe and secure.


            I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

            You can unsubscribe at any time with just one click.

            After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.

            • It will keep you posted on the latest scams.
            • You will be alerted to the latest articles.
            • You will wind up smarter than everyone else dealing with debt.