How to Avoid a Lawsuit From a Collection Agency

The first thing you need to understand is that most large collection companies have a lawyer at their disposal who writes letters on their behalf ... to respond… they’ll sell the debt to another collection agency for pennies on the dollar. In order for them ... that they cannot legally be collected on. So even with a judgment to repay the debt… the collec [more...]

Date: 2009-01-14 19:53:56

Blog posts (409) | Videos (229)
 

Debt Settlement

Debt settlement is a great service that allows consumers to pay off their debts for less than the amount they owe ... with you then to sell your debt to a third party collection agency. Often times collection agencies will purchase ... . It’s a great alternative for anyone considering to file for bankruptcy. The basic process of debt [more...]

Date: 2008-11-12 04:32:25

Good News - Post Office to Layoff Only 40,000 Workers. Bad Time to Be In Delivery Business.

A friend called to tell me about the latest buzz of the postal service laying off 40,000 workers ... From Debt Collection, the Debt Collector, and Creditors I’m Afraid I’m Going To Get Laid Off. How ... of the country’s 1,300 post offices would be closed. According to the APA news agency, the company’ [more...]

Date: 2008-11-11 21:16:24

How Bill Collectors Locate You

Thanks to the internet it’s easier than ever for bill collectors to locate your whereabouts ... will use to find you. Initially a collection agency will review the file they receive ... had no phone and no job. According to the Fair Debt Collection Practices Act it is legal for a debt [more...]

Date: 2009-01-08 02:36:42

Debt Consolidation: Don’t Dismiss Consolidation, It Can Help!

Amazon.de Widgets Consolidating Debt is often regarded by many as a sign of personal financial mismanagement when in fact it is quite the opposite as this article outlines.Debt consolidation is often considered a last choice option for people who are struggling with paying their credit card debt. Many believe that to consolidate credit debt is akin to saying that they cannot support themselves. If they were to collect some debt consolidation information, their attitude might change. [more...]

Date: 2009-09-15 14:00:05

Credit Blemished Over Imaginary Credit Card [Debt Collectors]

The NES collection agency is coming after Nancy for a debt on an account number she's never owned ... the account and sold it to a collection agency, who somehow had no problem contacting me repeatedly ... of the charge, however, was when I received a collection notice several months after [more...]

Date: 2008-10-30 19:20:44

Exploiting Ignorance: Money for Nothing

This post is the tentative conclusion to a series of posts, loosely about the sorts of pseudo-scams that credit card companies use to keep borrowers in debt ... that most credit card debt collection is an outright scam, is both the tip of the iceberg [more...]

Date: 2008-07-24 13:32:21

Debt collecting gets…er, sexy?

Bank employees working in call centers and reminding clients of their overdue loans used to be as far to the bottom of the banking food chain as you could be. Not any more. Raiffeisen International, the second-biggest lender in eastern Europe, has ramped up staff in its collections and risk management departments. Active in 17 countries between the Czech Republic and Kazakhstan, it is exposed to a region that is among the hardest hit by the global financial crisis. [more...]

Date: 2009-09-28 18:06:07

Debt collecting gets…er, sexy?

          Bank employees working in call centers and reminding clients of their overdue loans used to be as far to the bottom of the banking food chain as you could be. Not any more. [more...]

Date: 2009-09-28 17:26:38

3 Insider Secrets To Choosing A Debt Collection Agency

If you’re a playing someone hunting to better your unpaid accounts uncovering an trenchant sparing and reliable assemblage authority crapper be a discouraging task. As in some industry, assemblage agencies depart in both motive and experience. As such, if you opt the criminal authority chances are you’ll retrograde hundreds, thousands and quite easily tens of thousands of dollars both in unrecovered debts as substantially as in offensive assemblage authority fees and commissions. [more...]

Date: 2009-09-22 10:11:40

Social Security: Can Banks Garnish My Money?

For individuals who rely on their Social Security checks, the notion that the bank can garnish this money seems cruel, at best ... garnished, or are currently under threat of such an action, go to: Fair Debt Collection.  Here ... agree to pay $300.00 a month towards the debt owed and they would return the amount taken in full [more...]

Date: 2009-01-08 15:32:16

Facing Debts after Wedding

After my personal experience in the difficulties I have faced when I was dealing with the debts after my marriage I have decided to share some ... . 3) Debt Collection Agency: So finally I just want to introduce this website which can be helpful ... much debt. The big amounts I was having was $15000 in credit card debt and 3 years on car payments [more...]

Date: 2009-01-15 15:04:28

Fool-Proof 3 Step Formula That Reveals Best Time To Refer An Unpaid Account To A Debt Collector

by Angelo Ioanides A common dilemma for business owners worldwide is knowing when to stop chasing unpaid accounts in-house and hand them over to a debt collection agency. In reality you’re torn between trying to save money and customers chasing account yourself whilst being mindful not to hold on to those accounts for so long that they become virtually impossible to recover. Hence, there’s a threshold where the cost of chasing a debt yourself actually exceeds the costs of using a debt collector. [more...]

Date: 2009-08-22 11:35:09

3 Things To Consider Why Your Organization Needs Debt Scoring For Your Delinquent Debt

by David P. Montana In today’s challenging and difficult economy, organizations of all sizes are facing ever-growing delinquencies in their accounts receivable and expanding debt portfolios. Whereas any organization’s internal collection processes serve an essential role in collecting on past due delinquent accounts, many companies simply don’t have the resources, time and expertise necessary to recover consistently and effectively on these unpaid accounts. [more...]

Date: 2009-09-26 07:46:42

Debt settlement – Does it work?

Many people resign themselves to the idea that their debt situation is out of control and that there is no hope ... . In most cases a creditor or collection agency is happy to take a reduced amount. In many cases debts ... . Collection agencies want you to believe that you will face serious problems – from garnishment to seizure [more...]

Date: 2008-12-25 00:24:18

What is the definition of Debt?

by JR Rooney What is debt? Debt is something that is owed to someone else ... “debt About the Author: Let no debt remain outstanding, contact a Collection Agency or request ... . An individual person or company / business owing a debt is called a debtor. The entity [more...]

Date: 2008-12-01 12:45:27

Insider Tips About The Chapter 13 Bankruptcy Forms

consumer law Chapter 13 bankruptcy forms are available to Americans in need to offer a second chance. You may berate yourself and wonder how you got into such a predicament, but the truth is that over one million people ended up filing bankruptcy forms in 2008 and the numbers are climbing in 2009. No matter what your case may be, you don’t have to suffer wage garnishment, foreclosure, repossession, insurmountable debts or harassing creditors and collection callers. [more...]

Date: 2009-09-08 17:54:32

Is the credit card bailout real?

Until you actually see it happening, it isn’t real ... card debt collections. Credit card industry data indicate the average debt discharged in Chapter ... the rule. While a deal may help avoid credit card cancellation or bankruptcy, it will also lead [more...]

Date: 2009-01-06 08:34:26

China: It Ain't The Business, It's The Pot Of Cash.

I rarely have revelations, but after being knocked over the head countless times over the years, ... by US companies and both were unwilling to spend any money at all in an effort to collect those sums. Steve ... that if these two companies did not get more aggressive in their debt collections, they would end up going under [more...]

Date: 2008-12-14 03:09:08

Goldman Sachs’s Dirty Little Secret

Last week the American News Project put a human face on the economic crisis with a moving video report about a woman named Jocelyn Voltaire facing ... . In other words, they are a type of collection agency dealing with those in the most vulnerable ... , misleading and evasive practices” in violation of the Fair Debt Collection Practices Act (case [more...]

Date: 2008-10-21 13:25:44

3 Key Areas To Examine When Hiring A Debt Collection Agency

September 16, 2009 | By David P. Montana In Finance | 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. [more...]

Date: 2009-09-16 16:40:13

Queercents Weekly Roundup:

Fall is definitely here, but you’d never be able to tell from my friends who are going surfing today in Maine ... ) Somehow old cell phones always seem to accumulate without you even noticing. If you have a collection ... on living debt-free. (Read it at Consumerist) Airlines are lowering their fares for the holidays in hopes [more...]

Date: 2008-11-08 15:24:30

such a good thing!

Not all the time that you are the person in debt, although most often it is the case ... , as there are lots of Debt Collection agencies willing to help small businesses. So, if you can’ ... is an affordable collection agency. Remember, no matter how small the balances it can create issues [more...]

Date: 2008-11-21 14:55:57

I ain’t your Bee-yotch….bitch!

+++warning!  foul mouthed rant ahead!++++ Despite the fact that there are 4 other folks in my office at any given time, ... the collection agency to stop calling for an employee, they are legally required to stop”.  (see the Fair Debt Collection Practices Act, governed by the FTC) Trust me, I’ve quoted this law to these blood [more...]

Date: 2008-09-05 15:08:48

Dealing With Third Party Debt Collectors

Currently, the American penal system doesn’t feature debtors’ prisons. We’re not living in Victorian times ... individuals from invasive debt collection practices. These include statutes of limitations, which say ... after the original lender has sold them to a collection agency. In states such as California, statutes [more...]

Date: 2008-07-03 13:13:03

A Look At 2009 From The Inside: Real Estate, Credit, and Debt

About two months ago I wrote a post that included information from a monthly magazine, (sic), I read religiously ... with more regulations. Consumer advocates will thrive and collection agencies will be riddled with compliance ... who is president and chief executive officer of debt broker National Loan Exchange, Inc. as [more...]

Date: 2009-01-02 15:47:36

3 Main Points To Consider When Hiring A Debt Collection Agency

September 17, 2009 | By David P. Montana In Finance | To manage a company successfully, every owner has to stay on top of their receivables and watch their cash flow. Whether you promote a product or provide a service, you probably face 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. [more...]

Date: 2009-09-17 22:18:21

A recent article in Business Week highlights some apparently (IMO) improper practices used by credit-card issuers in collecting debts ... Forum (NAF) … specializes in resolving claims by banks, credit-card companies, and major retailers ... of their credit-card applications to arbitrate any disputes over bills rather than have the cases [more...]

Date: 2008-06-16 19:52:25

Statute of Limitations in Ohio on credit card debt; Open Account vs Written Contract

From Debt Prison Forum a reader asks for advice in response to a collection agency dragging up an 8 year old credit card debt ... an acknowledgment that you owe the debt. It’s then still up to you and the collection agency to work ... I received numerous threatening calls from a collection agency or an attorney acting [more...]

Date: 2008-11-12 02:31:36

Making ENDS meet

I remember one of my chats with my rheumatologist when he was scolding me of my absence for a check up ... , I just remembered that if you need a very reliable Debt Collection agent you might want to consider American Profit ... our finances neatly. Right now I am glad to say that I don’t have to worry about Debt and making [more...]

Date: 2009-01-15 01:04:51

Comcast Didn't Mean To Sic A Collection Agency On Ike Victims

Comcast’s latest customer-service misstep makes you wonder what Sam Houston would think ... service rep.) Since the situation became public, Comcast has asked its debt collection agency ... seriously damaged by Ike received letters from a collection agency informing them they owe [more...]

Date: 2008-10-24 07:54:34

Government Public Records Search - Why Your Personal Information May Not Be Safe

So how private is your private information? Did you know that your records can be made available government public records to just about anyone with ... lawsuits, employment and unemployment. Your bankruptcy filing, which also contains credit card ... to serve the interests of those seeking information on you such as financial institutions, debt collect [more...]

Date: 2008-12-12 17:38:18

California Court Approves Class-Action Lawsuit Against Debt Collector Accused of Abusive Tactics

Here is a press release I received from Public Citizen. I am forwarding it to you in case you were a victim of ACCS. WASHINGTON, D.C ... and described ACCS’s practices as “debt collection rather than law enforcement.”  Members of the class ... . - A California court has ruled that almost a million consumers who were victims of an overly [more...]

Date: 2008-12-04 23:16:45

In major settlement, St. Louis Park company agrees to stop handling consumer arbitration disputes

Less than a week after being sued by the Minnesota attorney general’s office, the nation’s largest arbitrator of credit card and consumer collections has agreed to stop performing such work, state Attorney General Lori Swanson announced today. The National Arbitration Forum, based in St. Louis Park, allegedly deceived consumers into thinking it was a neutral arbitrator in debt collection, the lawsuit said. [more...]

Date: 2009-07-19 21:01:22

August 20 roundup

Lawyers’ contingency fee is temptation to ethical corner-cutting in consumer debt collection, too ... -good “Donda West Law” but it won’t do much to keep impulsive clients from rushing into plastic ... fee, debtor-creditor law, endangered species, Indian tribes, legal discipline, medical, movies film [more...]

Date: 2008-08-20 10:32:48

How Facebook Can Get You in Serious Trouble With Bill Collectors

We recently discovered that bill collectors are using popular social networking sites like Facebook and Myspace to dig up very personal information on people in debt . Recently a bill collector from a collection agency purportedly discovered ... collection calls and threats of garnishing wages followed at this individual’s place of employment [more...]

Date: 2008-11-15 01:33:45

American Arbitration Association deceives again.

The American Arbitration Association while talking to Congress about the abuse of mandatory binding arbitration claims they are leaving the debt collection industry. Sort of. According to creditcards.com : That group's senior vice president, Richard Naimark, testified Wednesday before a congressional subcommittee that is examining the controversy . [more...]

Date: 2009-07-24 14:31:00

Astra Business Services – Debt Collection From Afar

We have all heard the news of outsourcing American jobs to Mexico with their cheap, almost free labor costs, ... and of course the transition of skilled computer related jobs to countries such as India. Why would any company pay $40 or $50 an hour for something that can be done in another country at a ... [more...]

Date: 2008-12-05 18:40:18

Pre-Foreclosure Walkaways

From AP Mortgage law experts say the incentive to walk away from a home loan is highest in states that have anti-deficiency statutes, ... collection on an unsecured debt that can be readily dismissed. The bottom line really amounts ... , California, Connecticut, Florida, Idaho, Minnesota, North Carolina, North Dakota, Texas, Utah [more...]

Date: 2008-12-19 00:29:58

Strange Phone Number Reporting

Today, I received a call from a bill collector. I proceeded to give them more crap than they bargained for, using my knowledge of debt collection scare tactics (along with the fact that I have no contractural obligation to their company, only the company the debt was owed to and my coffee-fueled distatse [more...]

Date: 2008-11-11 02:35:14

Accounts Clerk, Sable Square R5000.00 p/m

Position available in a wonderful environment with a friendly team experience required -· Minimum 3 years Debtors and Creditors experience · Methodical, self motivated, analytical and an energetic all rounder · Pastel and computer literate · Works well under pressure Duties include - Debtors invoicing, debt collecting, creditors [more...]

Date: 2009-01-13 11:38:31

A couple of interesting articles from Clark Howard: 11/24/2008

A couple of interesting articles from Clark Howard’s website: Debt collectors facing tough times reclaiming money Debt-collection agencies are reporting big losses, according to The Wall Street Journal. For example, one agency owned by Chase lost $15 million [more...]

Date: 2008-11-24 21:33:20

Thriving on Less - A Guide to Getting Out of Debt

“Debt is the worst poverty.” - Thomas Fuller It was only a few years ago when I was overloaded with debt – so much so that I couldn’t make all my payments and I had numerous debts sent to several collection agencies. I had creditors calling ... payment and make rent. It’s hard to imagine those days now – the unbearable burden of that debt – [more...]

Date: 2009-01-08 15:55:47

Stop the Collection Calls With Debt Consolidation

by Marlin Baccus It is a stressful thing to watch as the bills pour end week after week and know you do not have the money to even meet the minimum ... to the hilt, then it may be possible to work with a credit counseling agency to learn about debt ... and debt collectors. That can be extremely frustrating situation to be in. Can anything put an end [more...]

Date: 2008-10-23 19:57:58

What Every Consumer Needs to Know

What Every Consumer Needs to Know Building good credit history is extremely important to one’s life ... that control credit. These rights have been stated as provisions on Fair Debt Collection Practices ... so as to bear witness on whatever maltreatments or unduly practices of debt collectors and lenders. Fair Debt [more...]

Date: 2009-01-07 12:47:09

Save you? I’ll see what I can do! High priest of the bizarre David Gest lays his hands on troubled Kerry Katona in stage stunt

There are plenty of things Kerry Katona could claim to need saving from - her bankruptcy and alcohol problems being just two of them ... accountants were collecting boxes of files. Miss Katona was made bankrupt in August after failing ... of the team, which amongst other things specialises in debt collection, was carrying a book entitled Sealy [more...]

Date: 2009-01-13 14:37:55

Easy Internet Email.

Get your own personalized email for you or your business, without the headaches! You pick the address, we do the rest! Easy Internet Email ... , unfair debt collection practices, and class actions. emLos Angeles/em Lawyers …The largest local ... California …Pasadena Immigration Firm.Encino office. Includes an archive of press-worthy and precedent [more...]

Date: 2008-11-22 12:06:49

How to Collect Judgments

Any landlord can tell you all about the joys of rent court; the long wait, the endless string of whining, and then the realization that, ... judgments, so landlords should consult with a local collection agency or attorney to determine ... after you win, all you’re left with is the right to collect a debt from someone who probably [more...]

Date: 2009-01-03 15:00:00

News Roundup

Here are some law-related articles that recently came out: The Chicago Tribune reports that Afni, Inc., a debt collection company, must pay damages to 7,000 Cingular Wireless customers in Wisconsin who were illegally assessed collection fees. Florida attorney Tomas Gamba writes in a Miami Herald op [more...]

Date: 2008-12-10 04:15:05

Pro Bono Project Helping Seniors Keep Their Homes

A pro bono project started by lawyers at Morgan Lewis & Bockius in Washington DC is helping retirees keep homes they own free and clear ... lien, which debt can quickly grow and lead to foreclosure. Here’s what happens: Let’s say they miss ... entitled to collect the outstanding debt, PLUS a surcharge of 5 percent, according to established [more...]

Date: 2008-11-16 15:00:03

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