Does Moran Drexen’s Preferred Creditor Program Create a Problem for Consumers?

Last week new information in the lawsuit between Morgan Drexen and the CFPB brought to light a commission compensated department called the Preferred Creditor Program. You can read that article, here. At least one commenter mentioned Morgan Drexen is not the only company to have such a program. If not, then an industry wide problem … Read more

MRS Associates Keeps Trying to Collect a Debt Discharged in Bankruptcy. – Katie

“Dear Steve, I filed chapter 7 bankruptcy in 2012. On my credit report, the debt that is under MRS Associates states that it was discharged through bankruptcy. But I am still receiving letters in the mail from MRS trying to offer me a settlement amount for me to pay. Is it legal for MRS to … Read more

An Account in Collections With MRS Associates. – Patty

“Dear Steve, My nephew has credit card debt which has gone to collection with MRS Associates. Who should he contact in order to set up a payment schedule. The credit card company or the collection agency (I’ve heard horror stories about this one). Where should he start? Patty” Dear Patty, Have your nephew call the … Read more