Archive for March, 2008
2007 Saw More Complaints About Debt Collectors, FTC Says
The Federal Trade Commission receives more complaints about debt collectors than any other industry, and according to an FTC report released this week, complaints about debt collectors went up last year even though total complaints about all industries declined slightly.The FTC handled 341,080 complaints about all industries last year, the report said, down from 348,180 [...]
Read Full Post | Make a Comment ( None so far )Dealing With Debt Collectors
If you’re behind on your credit card payments, could the card company take what you owe directly out of your bank account? It can happen, and debt collectors are becoming increasingly aggressive in Houston, going after old debts and getting court orders to do it. Anita Peleli said she needs all the strength she can [...]
Read Full Post | Make a Comment ( None so far )When To Call In The Financial Cavalry
CNN.com article on one consumer’s strategy for dealing with debt issues that appeared to be overwhelming. Krista Wallis, her husband, Joe, and her 19-year-old son from a previous marriage were living a pretty good life in Oklahoma City, Oklahoma. “We had a nice brick house, a three-car garage, we bought a pool. We had the [...]
Read Full Post | Make a Comment ( None so far )One Student’s Run In With The Seamy Side Of Debt Collection
This article below from MarketWatch details the experience of a 20 year old who was on the receiving end of numerous collection calls and had no idea where to turn. The author/reporter steps in on her behalf and he assists in her efforts to deal with National Enterprise Systems, the collector of note for one [...]
Read Full Post | Make a Comment ( 2 so far )Zombie Debt – Targeting Consumers Who Have Recovered Financially
MELVILLE, N.Y — After Kim Mullen filed for bankruptcy in 1993, she cut up all her credit cards in her lawyer’s office. Since then, the Levittown resident has managed to obtain a good credit rating. But in December, a debt collector contacted her, saying she had an unpaid card balance of $5,655 from 1992. With [...]
Read Full Post | Make a Comment ( None so far )Fighting “Rogue” Debt Collectors
As the economy continues to twist and turn and the foreclosure crisis lingers on, crippling the housing industry, Americans are falling behind in their payments to creditors and the debt collectors are resorting to dirtier tactics in their efforts to collect overdue payments from consumers. The article below is from CNNMoney.com and details a few [...]
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