A disturbing piece of collection harassment news has come to our attention via American Banker: Bank of America has apparently sold a debt collector the rights to sue consumers over credit card debt that it has internally confirmed to possibly be repaid or...
Read MoreWest Virginia consumer Diana Mey is trying to collect money from a collection agency after winning the largest judgment ever against an abusive debt collection company — more than $10 million. “I’m a mom, and I’m a housewife, and I’m an accidental...
Read MoreWhen the Fair Debt Collection Practices Act was enacted in 1978, social media sites like Facebook and Twitter did not exist. No one could have anticipated how much of an impact social media would have on our lives but the debt collection...
Read MoreAnne Sessions of Lane County, Oregon is suing Wells Fargo after one of its debt collectors reported to police that that the 85-year-old was threatening suicide, a claim she maintains was false, The Oregonian reports. After hitting financial trouble, Sessions says she...
Read MoreDebt collectors have been known to use various techniques to secure payment, some of which violated the Fair Debt Collection practices act (FDPCA). This can include pestering debtors, their friends, relatives and co-workers with calls at inappropriate times and places....
Read MoreIn most cases, people who receive collection calls accrued the debt themselves and have fallen behind on their payments. In some instances, however, these charges are a result of identity theft. Because people rely on technology to pay bills and...
Read MoreIt is important to understand why collection calls feel like harassment in order to deal with the stress they create. Many Americans have fallen behind on their credit card, mortgage, and/or car payments because they have experienced some form of...
Read MoreWhile millions of Americans must grapple in this difficult and topsy-turvy economy, some businesses continue to thrive. In fact, Portfolio Recovery Associates, Inc., a company that purchases, collects, and manages consumer debt, are reporting record-breaking profits. Portfolio Recovery Associates, like...
Read MoreAre you experiencing debt harassment? Collection agencies often prey on consumers. Why? Because it is in their best interest to scare consumers into paying. Creditors often use collection agencies to recover funds on delinquent accounts. The collection agencies are handsomely paid...
Read MoreUnmanageable debt has become a way of life for a majority of Americans. Even as our government struggles to survive its own massive deficits, it is not surprising that we as individuals often have difficulty meeting our credit card payments,...
Read MoreIn 2008, Portfolio Recovery Associates Inc. was sued for fraud after affidavits were submitted bearing the name of Martha Kunkle, who died in 1995. It appears that Martha Kunkle has come back to life. Last July, lawyers for Portfolio Recovery Associates sought...
Read MoreA former JPMorgan Chase employee is suing the company for wrongful termination but more importantly she has filed a whistleblower complaint with the SEC. The allegations charge JPMorgan with robo-signing, which is the automatic generation of documents such as foreclosure...
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