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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. …

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Chase Bank Let Me Open a Credit Card. I Have Not Paid in 4 Years. Now I’m Getting Sued. – Lawrence

“Dear Steve, About 3 or 4 yrs ago Chase Bank, let me open a credit card with a line of credit for $1,300.00. We’ll at that time I had a decent job and figured I could afford to use it. Shortly after I lost my job and was not able to make payements. Now 4 …

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What To Do If You Get Sued By a Creditor – Part 1

PART I: WHERE DO I START? Every collection lawyer and nearly every court views all collection lawsuits the same: a mindless task they don’t really want to do. They were trained for bigger and better things. More “important” things. However, it is the exact opposite for the consumer defendant. It is extremely important given that …

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Can I be sued after paying a debt settlement amount? – Luis

This actually happened to a friend of a friend, but I need to know the answer as I intend to settle accountes in the future. What happened was that person A had an old debt of $10,000 with a collection agency. Person A agreed with the collection agency to pay $4,000.00 to pay off the …

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Credit Card Debt Lawsuit – Consequences of Settlement Done Wrong

The following guest post was contributed by Alex Vieco of New Era Debt Solutions. Alex is an experienced debt settlement company executive and his company is a member of the AACC that works hard to create fair and balanced debt settlement solutions for consumers with debt issues. If you would like to contribute a guest …

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