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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

60 Minutes Shocking Report – 1 in 5 Credit Reports are wrong

Couple

Credit reports: we know we need them to buy a home, secure a car loan or get approved for a credit card. We worry about our credit score and how to raise it. But a new government study conducted by … Continue reading

Kmart Fined $3 Million for Violating Consumer Rights under the Fair Credit Reporting Act

Kmart

  The Fair Credit Reporting Act (“FCRA”) is a federal law designed to protect consumers from unfair practices regarding their credit report. A class of more than 60,000 job applicants recently sued Kmart claiming that Kmart did not inform them … Continue reading

The High Cost of Credit Report Errors

Couple

You may have seen the recent 60 Minutes newscast about the frequency of credit report errors and how hard it is for consumers to dispute mistakes. Most people understand that your credit report will determine how much interest you pay … 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

Debt Settlement Company Fined $3.3 Million for Deceiving Consumers

Punishment

You’ve heard the saying, “If it sounds too good to be true, it usually is.” This was a catchphrase used by the Better Business Bureau to alert the public to shady business practices. And it definitely applies to the most … Continue reading

How to Handle Debt Collection Threats

Debt Collector on Phone

  You’ve seen the stories on ABC News about the fake debt collection scams harassing millions of Americans. These scammers threaten criminal charges, fraud, arrest and prosecution. The word for this behavior – extortion. The scammers have an enormous amount … Continue reading

Consumer Wins Against Stale Debt Collection Lawsuit

The Fair Debt Collection Practices Act (FDCPA) is a federal law designed to protect consumers in the field of debt collection. One of its provisions deals with lawsuits and the age of debt. The FDCPA prohibits a debt collector from … Continue reading

NY Attorney General Defeats Sleazy Debt Collectors, Shuts Down Company

Earlier this year, New York Attorney General Eric Schneiderman claimed a massive victory for consumers by prosecuting two shifty debt collectors in the State of NY. The companies used business names that made it sound as if they were law … Continue reading

Payday Lender CashCall Fined $13 Million for Violating Consumer Rights Under FDCPA

Attorney Generals are cracking down on the shady payday loan industry and winning big. Most recently, the payday loan company CashCall, Inc., after being investigated and sued by the West Virginia Attorney General, was penalized more than $13 million over … Continue reading

New Credit Reporting Agency on the Block – CoreLogic – A new problem for would be homeowners?

You have heard of the “Big 3” credit reporting agencies – Experian, Equifax and TransUnion. But you may not have heard of the newest one – CoreLogic. For people who want to buy a home, a new FICO credit score … 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

Debt Collector Abuse on the Rise

Americans are generally good at living on credit. Between car loans, mortgages and credit cards, millions of Americans live daily on the financial edge, with significant debt. And some of us can’t pay on time, due to job losses, medical … 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

You may be a debtor, but you don’t have to be a victim.

The debt collection industry has become a $12-billion-a-year business, as people have fallen behind on bills due to exorbitant hospital bills, crushing student loans or sky high interest credit cards. The recession has impacted many Americans lives, resulting in a … Continue reading

Payday Loans…..mostly collection scams

Far and away, the largest volume of calls that I get from frantic consumers is for payday loan collectors. In the hundreds of phone calls that I have received from frantic consumers, I can count on one hand the number … Continue reading

Student Loan Debt Collector Earns $454,000 – Rich Rewards for Student Loan Debt Collector

In June of 2012, the news organizations were all talking about a student loan debt collector who made $454,000 in one year by collecting defaulted student loans. His name is Joshua Mandelman and he works for a specific type of … 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

Your Credit Score Is Not The One The Lender Sees

In a shocking new study conducted by the Consumer Financial Protection Bureau (America’s cop for consumers), it was discovered that the credit score you may have been banking on to get the lowest rate on your mortgage or credit card … Continue reading

Widow Sues “Death Debt Collector” for collection harassment

A recent case by a Wisconsin woman highlights the unbelievable depths to which some debt collectors will sink. They are called “Death Debt Collectors”. The Milwaukee woman is suing Capital One and its lawyers, Phillips & Cohen Associates for pursuing … 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

Statute of Limitations under the Fair Credit Reporting Act

  The Statute of Limitations for an action under Fair Credit Reporting Act is as follows: An action must be filed two years after plaintiff discovers the violation or five years after the violation occurs, whichever is earlier. But you … Continue reading

Experian debuts a new credit score to help others or off the financial grid

Experian has recently announced that its creating a new credit scoring system to help people who live off the financial grid. These are people who cannot traditionally obtain bank loans. Experian’s new credit scoring system would consider a variety of … Continue reading

Why Suing Debt Collectors is Free for Consumers

Many people think that hiring a lawyer is expensive. Today I’d like to explain to you how and why I am able to represent you, the consumer, for free against bullying debt collectors. First, under the federal law, the Fair … Continue reading

Tttttalking about my generation…and credit score

Does your generation decide your debt or credit score? The credit reporting agency Experian has completed a trend study on the four generational age groups regarding debt and credit scores. The results just may surprise you, and prompt you to … 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

When visiting the hospital, beware of the guy in the lab coat. He may be a debt collector.

Related posts: 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… Sen. Franken’s proposed changes to the Fair Debt Collection … Continue reading

Debt collectors forced to pay $10,000,000 to victim of harassing calls

ABC News and Diane Sawyer ran a story a few weeks ago about Diana Mey of W. Virginia, on “Nightline”. Diana Mey sued and won the largest judgment ever against an abusive debt collection company — more than $10 million. … Continue reading

You Are Not Alone: 1 in 7 People Pursued by Debt Collectors

The Bad News: A new report outlines the number of people being pursued by debt collectors is now 1 in 7 (This is double what it was in 2000, which was 1 in 14*). Many people faced with harassing debt … Continue reading

Beware of phony debt collectors

Phony debt collectors abound today. My office deals with at least a half dozen inquiries from people who have been contacted by these sleazy operators. Frequently, these fake debt collectors are employed by payday loan companies. They are usually located … Continue reading

FTC Shuts Down abusive and deceptive debt collector

The Federal Trade Commission recently shut down a bad collection called Rumson, Bolling & Associates and banned two of its owners from the industry. This collection agency violated consumers’ rights under the Fair Debt Collection Practices Act (“FDCPA”) by threatening … Continue reading

Debt collector abuse results in $1.5 million verdict for consumer.

As a consumer rights attorney, I am frequently challenged by the number of people who think that they alone have been harassed by debt collectors. I think it would be fair to say that debt collection harassment is at epidemic … Continue reading

Debt Collector dumb enough to leave you a message? Sue him!

Under the Fair Debt Collection Practices Act, a debt collector must identify himself as as such and further inform the consumer that the communication is from a debt collector. Interestingly, the FDCPA prohibits a debt collector from disclosing the debt … Continue reading

South Dakota AG finally gets the word about Payday loan collection scams.

By far, we get the most inquiries about these bogus payday loan collection agencies. We, at Michigan Consumer Credit Lawyers, are consumer advocates. We represent people who are abused by debt collectors. Many of these Payday Loan collection companies are … Continue reading

Always think about emotional damages under the FDCPA when discussing your case

Under the Fair Debt Collection Practices Act, a consumer may recover two types of damages; Actual damages and statutory damages of “up to $1,000.” In many of the cases that we handle, most consumers are only able to obtain statutory … 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

One tiny glitch by Experian has caused major credit score drops for many

Experian, a major credit reporting agency experienced a small, but substantial glitch in its reporting system recently, reported MSNBC.com. When reporting the credit history of HSBC credit card holders, Experian apparently reported just the first 2 digits of the credit … 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

Consumer Lawyers, when filing your Fair Credit Reporting Act, don’t forget the details

Attorneys, when you file a complaint under the Fair Credit Reporting Act (“FCRA”), be sure that you can make the following allegations in good faith: a. Your client posited its consumer dispute with the credit reporting agency (and not just … Continue reading

Child Identity Theft is on the rise

Its happening more and more. I am seeing some of it too in new clients. A high school kid applies for his or her first credit card and is declined because of too many prior delinquencies on his credit. The … Continue reading

What steps you must take if you have been a victim of identity theft

When your identity has been stolen, you should not expect much sympathy, let alone help, from the banks and other lenders. When you open your account with your bank, you are a valued customer. When you want to incur debt, … Continue reading

Oregon Attorney loses law license for violating consumer rights under the Fair Debt Collection Practices Act

A Eugene, OR attorney recently surrendered his law license in connection with a settlement he entered into with the Oregon State Attorney General. Derric McGavic specialized in representing national debt collectors that buy defaulted consumer obligations in massive quantities on … Continue reading

How to Make the Credit Reporting Agencies correct your Credit Report

Your Problem: You have errors on your credit report. Most errors on credit reports are not good ones. Over 80% of credit reports contain errors and most of those are serious enough to depress one’s credit score. Your Solution: Send … Continue reading

West Asset Management spanked by the FTC for violating consumer rights

FTC issues $2.3 fine against debt collection agency for violating consumer rights under the Fair Debt Collection Practices Act. Are you one such victim? Continue reading

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