Debt Collectors Pushing To Get Their Day In Court
Cook County Circuit Court has been turned into a frenetic debt collections machine, a reflection of easy credit gone sour and a collections industry determined to get paid. More than 119,000 civil lawsuits against alleged debtors are clogging courtrooms, and at least half will result in judgments that debt collectors will use to dock wages, [...]
Read Full Post | Make a Comment ( None so far )More People Complain About Debt Collectors
With more people falling behind on their consumer loan payments, regulators and consumer advocates say they’re seeing a surge in aggressive — and sometimes questionable — debt-collection tactics. Complaints against debt collectors, after plunging in 2005, are rising again, the Council of Better Business Bureaus says. Complaints surged 20% in 2006 and 26% in 2007, [...]
Read Full Post | Make a Comment ( None so far )Debt Collectors Try To Put On A Friendlier Face
CHICAGO — Just in time for a recession, the debt collection industry is working to shed its reputation for remorselessly hounding people. Oh, the collectors still want the money. But now they would like to be seen as helpful and sympathetic, even a force for good. They have started calling the indebted “our customers.” They [...]
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 )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 [...]
Read Full Post | Make a Comment ( 2 so far )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 [...]
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 [...]
Read Full Post | Make a Comment ( None so far )Bill Collectors Hound Father Over Son’s Old Auto Loan
When Gordon Crooks’ son moved out of the family home in Cockeysville eight years ago, his boyhood bedroom wasn’t the only thing he left behind. The son also left his father to grapple with belligerent and threatening debt collectors for a debt that may or may not be owed. “They’re pretty aggressive,” said Crooks, 76, [...]
Read Full Post | Make a Comment ( None so far )National Action Financial Services Fined by NY Attorney General
A Williamsville debt collection company has been fined $85,000 by the state Attorney General for misleading and abusive business tactics to collect debts from consumers. National Action Financial Services Inc. was the subject over approximately 90 complaints over the past three years, with about a third coming from New York state residents. According to the [...]
Read Full Post | Make a Comment ( 4 so far )Debt Collection – What Are My Rights?
Fair Debt Collection If you use credit cards, owe money on a personal loan, or are paying on a home mortgage, you are a “debtor.” If you fall behind in repaying your creditors, or an error is made on your accounts, you may be contacted by a “debt collector.” You should know that in either [...]
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