See my research, posts, and articles on debt collection, including your rights, how to handle collectors, and ways to settle or dispute debts. Click the link to learn more!
Let me guess—you sent a debt collector a dispute letter, marked your calendar, and waited. Thirty days pass. No response. And now you’re wondering: “If they didn’t verify the debt in 30 days… does that mean it’s invalid? Do I win?” I wish it worked like that. But here’s the truth: not responding within 30 …
Case Information: Allegations at a Glance: The FTC alleges that Blackrock Services and its affiliates engaged in deceptive and abusive debt collection practices, including falsely representing debts, threatening legal action, and impersonating law firms. The scheme allegedly involved fraudulent claims that consumers owed money and would face lawsuits, wage garnishments, or credit score damage if …
The question about sending a letter to get a debt collector to stop contacting you is always an interesting one. The decision to send such a letter is so multifaceted and involves emotion, risk, and tolerance. But, maybe most importantly, it consists in having a plan and taking action that will ultimately deal with your …
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Today, the Consumer Financial Protection Bureau (CFPB) issued an advisory opinion affirming that federal law often prohibits debt collectors from charging “pay-to-pay” fees. These charges, commonly described by debt collectors as “convenience fees,” are imposed on consumers who want to make a payment in a particular way, such as online or by phone. “Federal law …
My No B.S. Guide to What Works and What’s a Scam Debt settlement is like buying a used car from a guy in a dark alley—you might get a great deal, or you might get completely screwed. It’s been around forever, as old as borrowing itself, but these days, it’s been turned into a gold …
New York recently enacted Senate Bill (SB) 153, the Consumer Credit Fairness Act, significantly impacting debt collection lawsuits filed by creditors or debt collectors. A few of the key amendments include: Most collection lawsuits arising out of a consumer credit transaction will now have a 3-year statute of limitations rather than 6 years. Extensions and …
Question: Dear Steve, Not sure about this, I got this email and have no idea what it’s about can you help me. “PAST DUE AMOUNT – 1080.00 This letter is to notify you that we have received a Summons of Garnishment on your wages. This means that someone you owe money to have been awarded …
Question: Dear Steve, I was evicted back in 2017. I received a notice from the property management firm a few months after the eviction and they were trying to charge me for the remaining balance of the lease as well as damages, which there were none. I even turned in the keys and the apartment …