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 )Midland Funding LLC Dropping Over 10,000 Debt Collection Cases
With the recent statements in the news being printed about Midland Funding LLC and how they were illegally acting as a debt collection agency without the proper state license that was needed, many of the consumers in Maryland are going to be able to eliminate some of their debts. Over 10.2 million dollars in consumer [...]
Read Full Post | Make a Comment ( None so far )Calls from Collectors Could Be Illegal
Phone calls from debt collectors are not only annoying but they could be illegal in some cases especially if they are on the weekends, holidays and at other inconvenient times. The federal Fair Debt Collection Practices Act (FDCPA) does not specifically stipulate how many times a collector can call but the Federal Trade Commission (FTC) [...]
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