Archive for February, 2008
Americans Are In Debt In A Big Way, Debt Collector Business Booming
This article from CNNMoney profiles today’s Americans and presents a clearer picture of why the debt collection industry and debt collectors are finding more work today than 2-5 years ago.
NEW YORK (CNNMoney.com) — Americans don’t understand debt, which may be one reason that they have too much of it, according to a survey released Tuesday.
The [...]
Illinois Attorney General Sues Debt Collection Agency
This lawsuit against Leading Edge Recovery Solutions, LLC, a Chicago collection agency with was filed last year, we are currently researching status of the suit in Illinois courts but we wanted to warn consumers that may have experienced the same illegal methods used by Leading Edge Recovery Solutions, LLC. Numerous complaints against this debt collector [...]
Read Full Post | Make a Comment ( None so far )More On Zombie Debt, Why Some Debt Just Won’t Go Away
The kicker, said Mick Ranck, was when the debt collector complained about getting stiffed by a stiff.
Ranck, a former Lancaster County District Attorney, said he doubted it. His client had been dead for eight months.
But Ranck said other clients who are still very much among the living are also being “tortured” by collection agencies calling [...]
“Zombie Debt” Comes Back To Haunt Consumers
An article from Newsday.com addresses the issue of “zombie debt” or debts that are older than 7 years, purchased by a collection agency, who than proceeds to attempt to collect this long out of date debt from a consumer. Important information from this article advises a consumer of his/her rights and details one consumers battle [...]
Read Full Post | Make a Comment ( None so far )69,204 Complaints Filed Against “Bad Debt Collectors” According To FTC Report
A report published by the FTC found that 69,204(!) complaints were filed in 2006 against third party debt collectors who acted abusively or in violation of the FDCPA(Fair Debt Collections Practice Act). Yet,the FTC filed only 3 lawsuits against debt collectors in the past year, 2 of these settled and 1 went to court. [...]
Read Full Post | Make a Comment ( None so far )Consumer Received Letter From Nationwide Collections Addressed to “S_Face”
BUFFALO, N.Y. – Clients have come to attorney Kenneth Hiller with complaints about debt collectors who’ve threatened them with arrest or told their neighbors and bosses about their unpaid bills.
But Hiller had never seen a letter like the one Justin Thompson received.
“Dear S___,” began the attempt to collect a $16.39 debt from an old record [...]
