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Tag Archives: debt collection

In China, Credit Card Debt Enslaves. Anyone Surprised?

It isn’t a big shock to find out that the credit craze and panic is exploding around the world. The credit craze and panic works like this: Stage One: Craze – apply and get approved for credit and go crazy racking up the balance. Stage Two: Panic – after you’ve expended your credit resources you panic as you try to ... Read More »

    FTC Hopes to Eradicate Broken Debt Collection Litigation and Arbitration

    A report released by the Federal Trade Commission Monday featured the FTC’s complaints about debt collection in our country today. The report featured the conclusion that “consumers are not adequately protected in either debt collection litigation or arbitration.” The FTC put forth recommendations to both the federal and state governments on how to make the debt collecting system “both efficient ... Read More »

      Caught In The Web : Debt Collectors Find Fleeting Debtors Via Social Networking Websites

      I feel the personal need to thank a one, Vanessa Romo, a reporter at NPR for her most recent and compelling article “Elusive Debtors Foiled By Their Social Media Sites“. This article delved into a world I had never considered existed. No not Pandora, but a realm of debt collectors using social media and networking sits to collect debts owed. ... 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 »

          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 »

            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 »

                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 »

                  Is There Anything I Can Do to Get the Bill Collectors Off My Back for a Few Months? – Nadia

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                  Nadia “Dear Steve, I am 24, I moved to Oklahoma in December of 08, it took me a while to find a good job. I have been working steadily now for about 4 months and trying to get back on track. I planned on going to school and therefore being able to get in-school deferment on my student loans, but ... Read More »

                    Deborah Wants to Write Letters to Creditors. But is That a Waste of Time?

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                    Deborah “Dear Steve, I have over $30,000 of debt. Most of this is credit card debt but almost as much is medical (doctors, emergency room, ambulance, nursing home, etc.) I thankfully had insurance that paid 80% of those bills. I am disabled now. I have just recently begun getting a disability check ($677.00/month) I have no job, no savings, no ... Read More »

                      Denise Can’t Find CACH, LLC And It is Holding Up Refinancing Her Home

                      Denise “Dear Steve, I have judgment against me placed a company called CACH LLC. I cannot contact them or the attorney that placed the judgment. In midst of refinancing home to pay off judgment. Lawyer says I need a pay off amount. How can I get a pay off amount if I can’t get a hold of them? What if ... Read More »

                        Recent Searches for Debt Advice

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                        I thought you might be interested in some recent search requests from visitors. It helps to give you a snapshot of what is on the minds of people looking for help. hide phone number from debt collectors how to get out of deebt experts advice on getting rid of debt better management of credit rating and poverty Bank of America ... Read More »

                          Marisa Asks “What If I Just Change My Mailing Address?”

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                          Marisa wrote in and asked the following question. “My dad is in deep debt and his mailbox is loaded with bills and notices. it is stressing him out. I was thinking of having his mail redirected to my house to easy his worry and then start acting on his behalf. What do you think about that?” Marisa, Honestly, I think ... Read More »

                            I Am Afraid of the Debt Collectors in India. – Manav

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                            Manav “Dear Steve, I took perosnal loan from KOTAK MAHINDRA BANK on JAN 2008, i had my own business of computer hardware, so i was able to pay them a EMI of 14450/-. Later same year i had to close down my business. Till april 2009 I have made each payment, since I’m working now I’m not able to pay ... Read More »

                              Complaints About Bill Collectors Rocket as Debt Collectors Get Tough

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                              A story by CNN today makes my article on How to Hide From Debt Collection, the Debt Collector and Creditors even more timely. After several years in which Americans were buying stuff on credit they couldn’t afford, a rapidly increasing number are complaining about getting harassed and abused by bill collectors. Nearly 71,000 people filed such complaints with the Federal ... Read More »

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