WAS BANK OF AMERICA FORCED TO FORGIVE YOUR HOME EQUITY LOAN? THEY GOT THEIR REVENGE BY DAMAGING YOUR CREDIT!

Bank of America

In 2012, Bank of America reached a $16.65 billion settlement with the United States Department of Justice over its mortgage practices. If you had a home equity line of credit with Bank of America, you may have received a letter … Continue reading

How to stop the debt collector – Grinch from contacting you during the holiday.

Reading

Picture this:  A beautiful Christmas Eve with your family, a fire in the fireplace and Uncle Henry (everyone has one), doing his best to behave himself. Your home phone rings and it’s a debt collector.  Or, you might be spinning … Continue reading

9th Circuit holds that Trustee is not a debt collector when foreclosing on a Deed of Trust

Foreclosure Notice

The Fair Debt Collection Practices Act is a federal statute that protects consumers from debt collectors.  But just when is a debt collector NOT a debt collector under the FDCPA? The Ninth Circuit recently held that a trustee, foreclosing on … Continue reading

Wells Fargo FINED $185 million for opening bogus accounts

We usually think of banks as conservative, upright corporate citizens simply doing their best to screw the public.  Far fetched?  Not today.  http://www.usatoday.com/story/money/2016/09/08/wells-fargo-fined-185m-over-unauthorized-accounts/90003212/ The Consumer Financial Protection Board has fined Wells Fargo $185 million for trying to boost up its demand … Continue reading

Debt Collectors are Crushing Consumers

Person getting crushed

The financial crisis that began 5 years ago hurt a lot of Americans, as millions lost their jobs and homes. As consumers fell behind on their credit cards and other debts, the debt collection industry boomed. In fact, the past … Continue reading

6 Years of Harassing Debt Collector Calls – To the Wrong Guy

Frustration

One of the major complaints filed against debt collectors is that they are contacting the wrong person. This is especially true for people who have common names. But for Doug Dansie, this case of mistaken identity has turned into 6 … Continue reading

Van Nuys Debt Collector to Pay $1.1 Million Fine to Settle Charges of Bullying Consumers

Debt Collector on Phone

The Federal Trade Commission continues its crackdown on abusive debt collectors with its latest million dollar victory over a Van Nuys debt collection operation, alleging they bullied consumers and deceived them about fees. The deal stems from a 2011 case … Continue reading

Your New Facebook Friend in the bikini? She may be an Undercover Debt Collector

Girl with gun

The newest tactic of sleazy debt collectors involves trickery, deception and pictures of hot bikini babes. Welcome to the world of undercover debt collection, where debt collectors pose as hot young girls in bikinis to get you to friend them. … Continue reading

Debt Collectors – The Worst of the Worst

Debt Collector on Phone

Recently a CNN story highlighted debt collector horror stories. The latest allegations of abuse of consumers include threats to dig up dead relatives, take their children into protective custody and even to kill the family pet. These gross abuses are … Continue reading

Top 5 Reasons to Avoid Payday Loans

Payday Loan Window

Many Americans today are suffering from the financial recession. After years of unreliable job markets, economic instability and dwindling savings accounts, some families are turning to unconventional options to make ends meet. Introducing payday loans. At first glance, they can … Continue reading

Accretive Health fined $2.5 Million for abusive collection practices

Accretive Health has been in the news for months now regarding their abusive and illegal debt collection practices in hospitals nationwide. Today we are celebrating the excellent news about the result of the Minnesota Attorney General’s investigation of Accretive Health. … Continue reading

Top Five Ways to make the Fair Debt Collection Work for and Protect You

The Fair Debt Collection Practices Act is a federal law designed to help consumers fight against abusive and bullying debt collectors. Here are the top five ways that you can make the FDCPA protects you: 1. Your financial situation is … Continue reading

Debtor’s Prisons Still Around? You betcha’!

Debt collectors can sometimes use the court’s contempt powers to enforce their debts. Even though “Debtors’ Prison” were outlawed in the 1830s, in the ultimate for of bullying people collectors can actually have consumers put in jail under some circumstances. … Continue reading

Sen. Franken’s proposed changes to the Fair Debt Collection Practices Act – great ideas!

Sen Franken from Minnesota has proven himself to be a major consumer advocate. He has recognized the abuses by Accretive Health and others in collecting medical debt and has proposed changes to the Fair Debt Collection Practices Act (“FDCPA”). This … Continue reading

So just how Low did Accretive Health Collections go to collect money from people?

Accretive Health Care is the collection agency that has been all over the papers lately. They placed debt collectors in hospitals to collect money from consumers. You think that is low? Just wait. The Minnesota Attorney General Lori Swanson just … Continue reading

Supreme Court to consider whether a fax sent to a debtor’s employer violates the prohibition against third party contact under the Fair Debt Collection Practices Act.

HOT ON THE PRESSES….SUPREME COURT TO HEAR A NEW KEY FAIR DEBT COLLECTION PRACTICES ACT CASE   Olivia Marx owed a student loan that General Revenue was assigned to collect. GR sent a fax to Ms. Marx’s employer. This form … Continue reading

What you need to know when dealing with a debt collector

What Debt Collector’s Won’t Tell You The less you know your rights, the greater a debt collector’s advantage is over you. A recent article on MSN Money by Gerri Detweiler of Credit.com outlines the most common omissions of debt collectors. … Continue reading

How to immediately tell if you are being scammed by a fake debt collector

I have written about this before, but I do so again because of the sheer number of calls that I am receiving from panic stricken people. I frequently get calls from people who had just hung up with a debt … Continue reading

How to fight back against Payday Loan collectors.

Payday loan companies tempt the most necessitous borrowers with quick money. It appears to be quite easy to fill out an application on line and get your money in short order. Here is what you don’t but should know about … Continue reading

Be Aware: Debt Collectors May Be Fakes

As the economy slows and household budgets tighten, debt collectors are calling consumers more than ever. Unfortunately, not all these debt collection calls may be real. Fake debt collectors are out there as well – and they’re trying to get … Continue reading

Jury sends Trans Union a direct message "Fix your system and provide better customer service."

Sixty Four year old Sandra Cortez walked into a car dealership to buy a new car. Imagine her humiliation when the dealership would not grant her a loan because she was listed as a known drug dealer by Trans Union. … Continue reading

To Get Paid, Some Debt Collection Agencies Hop On Facebook

With the economy struggling and many people finding it difficult to meet their bills, debt collection agencies are feeling the pressure to track down consumers. In a creative attempt to find consumers, some debt collectors have gone online, friending consumers … Continue reading

What constitutes debt collection harassment under the Fair Debt Collection Practices Act?

One of the other goals of the Fair Debt Collection Practices Act is to promote fairness in debt collecting. To accomplish this goal, the FDCPA provides consumers with a means to dispute and obtain debt validation information for the purposes … Continue reading

How to stop collection agency harassment

If you’ve gotten yourself into a distressful financial situation where you are unable to make your bill payments on time, you are probably being bombarded by companies that are engaged in practices that would be defined as collection agency harassment. … Continue reading

Attorney General Cuomo sues attorney for selling his name to a sleazy collection agency

The Buffalo Business First has reported that Attorney General Andrew Cuomo has announced that he has filed suit against attorney John Nicolia for allowing the debt collectors at Eastern Asset Management (“EAM”) to use his name and threaten legal action … Continue reading

You may get dunned for a debt that you don’t owe, but might be forced to pay, anyway.

The New York Times reported on an interesting article about Nancy Taylor, a person with excellent credit who had recently been dunned for a debt that was not hers. Not only did she receive telephone calls and letters, all of … Continue reading

Emotional Damages…either take it seriously or get off the pot.

Emotional damages are available to consumers for violation of the Fair Debt Collection Practices Act and the Fair Credit Reporting Act. But, its up to your lawyer and you to develop these damages. Some courts have held that the testimony … Continue reading

Did a debt collector leave a voicemail message for you? Sue him!

We live in a very strange world with the Fair Debt Collection Practices Act acting as a guardian over debt collectors who may step out of line. For instance, in one section of the FDCPA, a debt collector is prohibited … Continue reading

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