Archive for September, 2011
Regulating Debt Buyers
Debts are bought and sold on a daily basis, leaving the buyer with relatively no clue if the debt they buy is valid or not. A debt can be bought and sold four to five times, often with little to no documentation besides the contact information of the addressee. Rules say that debt buyers can [...]
Read Full Post | Make a Comment ( None so far )Sunshine Financial Group Fined $20,000 For Improper Collectons
Sunshine Financial Group, a Maryland based collection firm, was fined $20,000 for collection debts without the proper license. The company was also ordered to repay $665,000 in attorney fees and compound interest to those who were taken to court for collection proceedings. The firm tried to file for a collections license in July, but was [...]
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