Lawsuit Shows Just How Frustrating Validating a Debt Can Be

A consumer, Juan Flores, filed suit against LVNV Funding and Resurgent Capital Services in what appears to be an overwhelming frustration with just getting a debt validated to make sure the collection claim is accurate. There is no better way to cover the frustration than to let the complaint speak for itself. FACTUAL ALLEGATIONS 9. … Read more

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

Resurgent Capital Services’ and LVNV Funding Dismiss Thousands of Maryland Collection Lawsuits

Maryland District Court Chief Judge Ben C. Clyburn wiped the slate clean on about 3,600 lawsuits to collect debt that was initiated as the result of Resurgent Capital Services’ and LVNV Funding going after consumers. The companies reached a settlement with the State of Maryland that included paying a $1 million dollar penalty and dismissing … Read more

LVNV Funding and Resurgent Capital Services Lose Ability to Collect from Maryland Residents

According to a tip a reader sent in after noticing a mention of this issue from CollectionsCreditRisk.com the following State of Maryland press release was found. Maryland Commissioner of Financial Regulation Suspends Collection Agency Licenses of LVNV Funding, LLC and Resurgent Capital Services BALTIMORE, MD (October 28, 2011) – The Maryland Department of Labor’s (DLLR) … Read more

The Elusive USOBA Membership List Made Public

Below you will find a document that was given to me by a USOBA member with a soul. They sent it to me at click here. I’ve actually had this for some time and I was giving the United States Organization of Bankruptcy Alternatives (USOBA) multiple chances to release to me a current membership list. … Read more