How to Avoid Unfair Collection Practices

Due to the global financial crisis, the number of debt collection agencies in the market is increasing. They are established to offer services of collecting debts on behalf of banks, financial institutions, credit card companies and loan providers. For people who are drowned in debt, it is indeed stressful to receive irritating phone calls from debt collection agents constantly. Hence, it is important to know some useful information so that you are able to avoid the unfair collection practices. [more...]

Date: 2009-09-20 06:02:50

Blog posts (410) | Videos (250)
 

Debt Collection Agency

It’s hard to eke a living these days. Cost of living has gone up so much since June and many of my relatives and friends are finding it hard to make ... a chicken rice seller. He did say that he might want to engage a Debt Collection to help him with the debt collection part. This is the last resort for him. I heard that there might be a high cost [more...]

Date: 2009-01-15 17:14:22

Consumer Debt Collection Lawsuits: Are They Federal Or State Matters?

When you’ve been sued or harassed by a debt collection agency or a debt buyer, a company that purchases debt and generally uses illegal, ... federal or state court. *Federal vs. state* While the Fair Debt Collection Practice Act (FDCPA ... have adopted their own laws. We asked Steve Recordon, an attorney from San Diego, California whose firm [more...]

Date: 2008-06-26 13:40:47

Debt collection tactics come under scrutiny

Debt collection firms may face a government crackdown amid concern about the "aggressive" tactics used by some, such as chasing the wrong people and refusing to deal with debt advisory services. Gareth Thomas, the consumer minister, told the Guardian he had summoned the debt collection industry's main trade [more...]

Date: 2008-11-18 00:06:10

Collecting Debts During Recession

With recession looming, many business owners will find themselves in cash-strapped situation ... leading results for their clients.  It is important to select the right debt collection agency which ... like to enlist the help of commercial collection agencies. These debt collection agencies have the time [more...]

Date: 2008-12-30 14:27:23

Should I use the Debt Snowball?

A reader at The Fair Debt Collection Practices Act wants to use the debt snowball but the collection agency has placed an ultimatum on another debt… ... there after. The kicker is that we are one month away from settling a $20,000.00 debt on our other Bank ... . This is when all hell broke loose for us. He was out of work for 10 months. Slowly but [more...]

Date: 2008-11-12 01:31:33

Managing Account Receivables

In view of the current economic climate, it is not surprising that many companies are in debt and they are finding it even more difficult to repay ... Collection agencies in the United States which specializes in collecting debt for their clients. Well ... their debt on schedule. Working in the family company, I find it very difficult to collect debt [more...]

Date: 2009-01-10 03:01:00

Resolving Debt Collection Issues With A Little Help

Have you done everything to just amicably settle and collect a debt already past due? ... friends! Calling in an attorney with extensive experience in debt collection may help you greatly ... , the American Collectors Association released a report indicating that third-party debt collection agencies [more...]

Date: 2009-01-07 15:00:00

Debt Collection Agency With the Most Successful Collections

Delinquent accounts result in millions of dollars of losses for businesses every year, ... , then the collection process needs to begin as soon as possible. A debt collection agency knows that the longer a debt ... meaning that they are always looking for ways to increase their bad debt recovery ratio to offset [more...]

Date: 2008-12-28 20:37:15

Debt Collectors Are Your Friend In Business

Misconceptions are everywhere in modern society, perpetrated by numerous media outlets from tabloid newspaper hype to televised stereotypes ... . For businesses, having a debt collection agency on-side has many advantages outside of collecting money owed ... point of view the debt collection agency is your friend. When businesses themselves need money [more...]

Date: 2008-12-28 08:13:16

Questions About Collections? Ask Melissa

Dear Melissa, My daughter is in the midst of a career move and has had a bill sent to a collection agency in the state she previously resided in ... to offer advice and answer questions pertaining to debt collection.  With running her own successful collection agency, she seeks to keep debt collectors accountable for their actions and in line [more...]

Date: 2009-01-14 13:00:17

Can Collection Agencies Sue Me For Outstanding Debt?

Amazon.de Widgets The question that many people are asking is ‘can collection agency sue for a debt?’ With the amount of people suffering financial hardship due to the current economic crisis the number of people facing difficulties paying their bills is increasing rapidly and for the time being, at least, this trend shows no sign of reversing.Previously, lenders who had borrowers that had fallen into arrears would normally, only go as far as to post negative credit information upon the debtors [more...]

Date: 2009-09-29 11:34:48

Debt Collection

I recently received a phone call from my friend in New York who is working there as an accoutant ... . She is still lucky to have her job after all. Being in a Debt Collection Agency , they are charged ... , the kids , life in general and even her work. She is working for a debt collecting company [more...]

Date: 2009-01-13 14:16:59

AG Sues To Shut Down Buffalo Debt Collector

Posted on Tuesday, 18 of August , 2009 at 10:51 am BUFFALO—The state Attorney General’s office has filed a lawsuit seeking to shut down a Buffalo-based debt collection operation consisting of 13 debt collection companies run by Buffalo residents Omar Smith, Narvell Benning and Keith Marshall (collectively, the “Benning-Smith Group”). [more...]

Date: 2009-08-18 15:51:50

The Most Common Questions About Debt Collections

by Jon Ochs If this current economic slow-down has found you in a position of financial difficulty, ... that cannot be done by any non-attorney collection agency. Any company or law firm acting as a debt ... you may find yourself dealing with debt collection calls and letters. Here are some of the most [more...]

Date: 2008-10-21 19:54:23

Debt Management Programs– best way to get out of debt.

A debt management program collectively takes all the loans of various amount and interest rates and forms into a new loan which is released to you. After that, only a single installment is required to be paid every month on a fixed rate of interest. This process is known as debt consolidation. Usually, debtors opt for bill consolidation scheme from the fear of bankruptcy. The problem originates with the use of many credit cards or taking multiple loans from various banks for personal or investment purposes. [more...]

Date: 2009-09-08 05:51:11

How to Handle the Bill Collectors

How to Handle the Bill Collectors Posted in January 15th, 2009 Category:Debt Relief Credit card debt collection is a big business. There are millions of dollars every year from thousands of accounts that go to collection agencies for delinquency. Being in debt is never easy and it’s a very stressful time. You may receive [more...]

Date: 2009-01-15 05:53:51

Anyone Feel Sorry For Debt Collectors?

According to a recent Wall Street Journal article, even debt collectors are falling on hard times. Cry me a river ... t collect it either. Does anyone else sense an impending bailout of debt collection agencies? I personally believe that when times get this tough, debt collection agencies will resort to activities [more...]

Date: 2008-12-09 06:01:03

3 Important Considerations When Hiring A Debt Collection Agency

by David P. Montana To operate a organization effectively, every owner has to stay on top of their receivables and monitor their cash flow. Whether you market a product or give a service, you probably have to deal with late-paying or none-paying customers from time to time. That means that you have to have a sound, uniform internal debt recovery policy in place. Part of your policy should include knowing when to outsource difficult accounts to a debt collection agency. [more...]

Date: 2009-09-24 12:41:01

3 Notable Points To Consider When Hiring A Debt Collection Agency

by David P. Montana To operate a organization effectively, every owner has to stay on top of their receivables and monitor their cash flow. Whether you market a product or give a service, you probably have to deal with late-paying or none-paying customers from time to time. That means that you have to have a sound, uniform internal debt recovery policy in place. Part of your policy should include knowing when to outsource difficult accounts to a debt collection agency. [more...]

Date: 2009-09-25 07:05:54

3 Principal Areas To Examine When Hiring A Debt Collection Agency

To operate a organization profitably, every owner has to stay on top of their receivables and check their cash flow. Whether you promote a product or offer a service, you probably have to deal with late-paying or none-paying customers from time to time. That means that you have to have a sound, consistent internal debt recovery policy in place. Part of your policy should include knowing when to contract out problem accounts to a debt collection agency. [more...]

Date: 2009-09-18 12:13:35

Questions About Collections? Ask Melissa

Dear Melissa, I have a $289 bill that has been sent to a collection agency ... and answer questions pertaining to debt collection.  With running her own successful collection agency ... , no, a collection agency is not bound to accept a “payment arrangement,” and can ask for the entire balance [more...]

Date: 2009-01-05 13:00:20

U.S. Debt Consolidtion Company - Right Place To Consolidate Your Credit Card Debt

Amazon.de Widgets Credit card debt is something that over 47 meg Americans are currently experiencing. There has never been a time where so many people are in debt and creditors of unsafe debt are becoming rattling worried most collecting. Delinquent accounts are increasing at unprecedented rates and creditors are thence agreeing to rattling generous debt consolidation in order to collect at least a small proportionality of their money. [more...]

Date: 2009-09-18 11:12:16

Debt Settlement - 3 Important Considerations

Are you still afraid to answer phone calls from numbers you don’t recognize? ... amount (10k+) in unsecured debt.. Typically these debts have already landed in a debt collection agency ... Take a look at debt settlement after considering 3 important points of which you need to be aware [more...]

Date: 2008-12-24 13:17:47

“I’m Going to Put a Judgment on You”

Often we hear reports from clients that a debt collector threatened to put a judgment against them if a debt was not immediately paid.  This is a misleading statement and may be actionable under the Fair Debt Collections Practices Act and/or the corresponding Pennsylvania law protecting consumers from abusive debt collection [more...]

Date: 2009-01-04 21:06:20

Restrictions on Wage Garnishment for Debt Collection

Many debtors that have defaulted on their credit card debt or other unsecured loans are concerned about their wages being garnished. Often collection agencies will threaten to turn your debt over to their ‘legal department’ ... for you… at no charge. The U.S. Department of Labor has developed The Federal Wage Garnishment Law [more...]

Date: 2008-11-30 16:13:23

Managing Your Creditors: the Best Way to Do It

by John Brennan Those who find themselves in debt often times find themselves with many creditors ... to this Fair Debt Collection Act that a collector cannot contact you are work, inconvenient times ... debt Collection Practices Act and it protects you from brutal collectors. Personal, family [more...]

Date: 2008-09-24 17:17:26

A Fox Guarding The Hen House

Paul Basken's article in today's Chronicle of Higher Education does a great job of laying out the conflicts of interest and perverse incentives in ... debt collection practices resulting in ballooning debt for some students. At the heart of the issue ... agencies are supposed to be independent entities that oversee the collection activities of loan [more...]

Date: 2008-10-23 15:50:13

Tips For Managing Your Creditors

by John Brennan Those who find themselves in debt often times find themselves with many creditors ... that limit how they can treat you. It may not seem that way, but debt collection agencies do actually have rules that they need to follow. There is a Fair Debt Collection practices Act that protects [more...]

Date: 2008-10-09 09:34:18

Compliant Debt Collection

Far too many uninformed consumers give in to the overbearing intimidation and scare tactics of unscrupulous debt collectors, ... to them from debt collectors. The FDCPA is a strict liability law, which means that a consumer bringing ... Act.The Fair Debt Collection Practices Act is enforced by the Federal Trade Commission under its powers [more...]

Date: 2009-01-08 19:28:29

The Water Bill

Quick one tonight!  I got a water bill today, no surprises there, it happens.  The bill reads: “Final Demand Overdue Amount: £5 ... to a Debt Collection Agency or by court action. … … THIS SITUATION IS SERIOUS - ACT NOW TO AVOID ... notice with a thread of debt collection or legal action.  And this isn’t the first time either [more...]

Date: 2009-01-11 01:28:15

Complaints About Bill Collectors Rocket as Debt Collectors Get Tough

A story by CNN today makes my article on How to Hide From Debt Collection, the Debt Collector and Creditors even more timely ... number of Americans who took on more debt than they could handle during the free-spending, easy-credit ... . After several years in which Americans were buying stuff on credit they couldn’t afford [more...]

Date: 2008-10-30 22:40:33

Piata colectarii debitelor din Italia la maximul ultimilor ani

Criza financiara care se intinde in Europa, duce la cresterea afacerilor industriei colectarii debitelor din tarile UE ... Gatewood Date: Wed, Dec 3, 2008 at 5:13 PM Subject: Debt Collection - Debt Buyer Italy - Julian ... -judicial collection includes : 1. Default letters and telephone calls Note: Our collection teams [more...]

Date: 2008-12-03 15:34:05

Bookmarks and Links SITE hand garden cultivator

Looks and designs will only be put to waste if the bride is not comfortable wearing it ... . If the debt is new or small, you’ll probably start by trying to collect the debt yourself before hiring a collection agency or a lawyer. You just have to identify where the time is and use [more...]

Date: 2008-12-30 16:34:03

How To Handle A Credit Card Debt in Collections

A Money Crasher’s reader recently sent me a message about a credit card balance in collections ... : I have a credit card debt of a little of 8,000. It went to collection, and I just don’ ... through. Do you think it would be possible for me to set up a payment plan with the collection [more...]

Date: 2008-10-30 17:44:25

Pyramid Financial Solutions

If you are struggling collecting debt payments from your customers, then you definitely need professional help. This commercial collection agencies that I found called Pyramid Financial Solutions is a full service receivables management and debt collection agency. They offers a wide variety of services [more...]

Date: 2008-12-28 12:08:52

Need Help With Debt Collection

With two weeks to Chinese New Year, i bet most of you would doing a lot of shopping these days. Same here with me ... have to do that anymore. If you are having problem with bad paymasters, you can always check out this Debt Collection ... now comes from my blogs. So, unlike last time, i dont have to worry much about problems like debt [more...]

Date: 2009-01-08 15:12:46

Debt Collectors; And what you can do to Get Them Out of your Life

FTC opinion letter on validation Section 809(a) of the FDCPA, 15 U.S.C. 1692g(a) ... with the collection of any debt, a debt collector shall, unless the following information is contained ... throw those collection letters away. They may very well be a vital part of your defensive strategy [more...]

Date: 2008-12-07 11:00:13

I Told Off The Debt Collector [Debt Collectors]

Some punkass debt collector called trying to get a hold of some lady he thinks my girlfriend knows. Here's roughly how the conversation went ... immediately. Muted. Under the Fair Debt Collection Practices act, debt collectors are allowed to contact ... break any rules, there's no law against having being condescending and arrogant. (Photo [more...]

Date: 2008-10-08 21:52:29

How to Research Debt Collectors & Understand the Law

This is the first guest post in a special How to Fight Debt Collectors series on Bargaineering.com. So you’ve received a debt collection call or letter… In this day and age where you have rampant foreclosures, layoffs and job losses, it is simply inevitable that an individual may come across a debt collector, and frankly even without these external factors, it may just happen by a chance wrong number or even being related to someone going through a hard time financially. [more...]

Date: 2009-09-28 11:02:18

Creative Founder Financing

Our guest blogger, Larry Chiang, is an instructive humorist ... . The solution: be your own grim reaper and negotiate to collect on your own bad debt. Collection agencies offer 20-35c on the owed dollar. If you are collecting your own debt, ofer up 55-58c [more...]

Date: 2008-08-20 08:01:31

Deep in debt? Desperate? Call in the voice of calm

An insolvency adviser tells our correspondent about repossession, stupidity, sadness, and why he can’t see himself going into the red [ ... who claims he is being pursued by a debt collection agency for a mobile phone debt of £1,103. “It’ ... to recruit 45-50 debt advisers during 2009, and be able to help about 175,000 people, compared [more...]

Date: 2009-01-04 23:36:31

Knology arbitration clause

Overlawyered favorite Justinian Lane thinks he’s discovered a smoking gun in the Knology arbitration clause: ... ) that arbitration isn’t cheaper than court for debt collection! Except Justinian, as his is wont, hasn’t read ... -arbitration report.) Are there jurisdictions with efficient debt-collection procedures in court [more...]

Date: 2008-06-14 03:34:34

How Debt Consolidation Can Get Debt Collectors To Stop Calling

by William Blake If your bills are piling up creating a mountain of debt, ... the mound of debt and flea from those collection calls? The answer you need may be this: debt ... , then it may be possible to work with a credit counseling agency to learn about debt consolidation. The options [more...]

Date: 2008-10-31 09:50:14

American Profit Recovery

Two months ago, our credit card debt from Sears was over. I’m thankful to the Collection Agency that resolve this matters ... in this country. LOL! I'm just kidding! Speaking of debt collection, I stumbled upon a site ... more profitable, but change the fundamental way in which a collection agency operated. They have a proven [more...]

Date: 2009-01-10 01:07:14

The Basics of Dealing with a Loan Default

Over the past few weeks, ... ). Eventually, a loan default results in repossession or foreclosure (if your debt has collateral) or having that debt turned over to a collection agency (if your debt doesn’t have collateral). The impact [more...]

Date: 2008-12-09 20:00:29

CompuCredit must "Comp You Cash"

$114 million refund in pipeline for subprime credit card users - Action Line - MiamiHerald ... Capital Systems, a debt collection company wholly owned by CompuCredit, engaged in deceptive conduct in marketing credit cards as part of its debt collection activities and engaged in abusive practices [more...]

Date: 2009-01-11 02:15:00

Lithuanuan firm engaged witchcraft in debt collection

In these difficult times for creditors, a Lithuanian debt collector is offering an unconventional service to retrieve arrears: witchcraft ... or other companies,” said Amantas Celkonas, director of the Skolu Isieskojimo Biuras, or debt ... and I will do whatever I can to help people,” she said. Local pundits, however, ridiculed the agency’s move. “ [more...]

Date: 2009-01-15 17:02:00

Project A Day @ Fiskarscraft

Project A Day @ Fiskarscraft birthday surprise Designer: Cathy Zielske http://cathyzielske.typepad ... from the Science Museum of Minnesota to a chain of Texas grocery stores to a national trade magazine for debt collection agency owners. (Yes, even debt collectors [more...]

Date: 2009-01-03 18:00:00

Debt Fraud is Real: What you Should Know

Recent statistics have shown that millions of consumers are affected by debt fraud each year, ... the identity of the debt collection agency. They do not consider the possibility that the whole thing ... with debt scams becoming increasingly common among younger generations. The truth is that people [more...]

Date: 2009-01-16 00:24:21

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