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Archive for 'Debt Collectors'
Debt Collection Fears Making Americans Sick
Study Shows Many Choosing to Pay Off Debts While Sacrificing Needed Health Care to Save Money A recent study conducted by sociologists at the University of Michigan found that people who are ill and do not seek treatment because of...
Read MoreWest Philly Resident Takes Debt Collectors to Court
A resident of West Philadelphia is alleging that a debt collector has engaged in unlawful practices. Kimmel & Silverman, P.C. has filed a complaint against national debt collection company Virtuoso Sourcing, Inc., on behalf of Crystal Monroe. The lawsuit was filed on...
Read MoreRegulators Probing Banks’ Debt Collection Practices
Federal regulators are widening an investigation into whether the nation’s biggest banks used flawed documents and incomplete records to collect on delinquent credit card debts, according to four people familiar with the probe. The scope of the inquiry is unclear,...
Read MoreMassachusetts Office of Consumer Affairs Announce Shut Down of Debt Collector and Action against Five Unlicensed Predatory Lenders
The Massachusetts Office of Consumer Affairs and Business Regulation and the Division of Banks announced a series of cease orders targeting unlicensed lenders and a licensed debt collector that were not adhering to the state’s loan consumer protections. These loans...
Read MoreForget the Facts! Robo-Sign it!
Judgments against unsuspecting consumers for defaulted loans are being churned out by debt collectors like Midland Funding, using robo-signed affidavits of debt as substitutes for properly investigated, properly documented debt. Robo-signing is the mass-production of “sworn” affidavits used to prove outstanding...
Read MoreConsumers Warned to Brace for New Efforts by Debt Collector As Encore Capital Group Acquires Asset Acceptance
Before announcing its acquisition today of Asset Acceptance, Encore Capital Group (aka “Midland Funding”, “Midland Credit Management” and “MCM”) boasted that it has one out of every nine collection “accounts”. In the $200 million purchase of Asset Acceptance, Encore is...
Read MoreDebt Collector Palisades Collections Accused of Harassing Innocent Consumers
Action News Reports Palisades Collections Waged War on United States Military Veteran with Impeccable Credit Score CreditLaw.com attorney, Amy Bennecoff, sat down with Action News’ Nydia Han to talk about the case of Frank Stack v. Palisades Collections, warning viewers...
Read MoreFTC Action Halts Operation That Billed More Than $25 Million to Consumers’ Bank and Credit Card Accounts without Their Consent
At the Federal Trade Commission’ request, a federal court has temporarily halted an operation that allegedly used an intricate web of concealment to debit hundreds of thousands of consumers’ bank accounts and bill their credit cards more than $25 million...
Read MoreCredit reporting agency Equifax is selling your salary information to debt collectors
NBC News recently exposed credit reporting agency Equifax’s practice of selling 190 million employment and salary records, covering more than one-third of U.S. adults, to debt collectors, financial service companies and other entities under its subsidiary, The Work Number. Odds are...
Read MoreDebt Collectors Attempt To Shame Consumers Into Paying Debts By Adding Facebook to Their Arsenal of Deceptive Collection Tactics
Online scams are nothing new to internet users, but the next person you friend on Facebook may be no friend at all. It may be a debt collector using the access you grant them for a variety of undesirable or...
Read MoreMidland Funding LLC Agrees to Settle Lawsuit by Minnesota Attorney General
Debt buyer Midland Funding LLC agreed to pay Minnesota $500,000 to settle a lawsuit filed last year by Minnesota Attorney General Lori Swanson. The lawsuit accused the company of robo-signing affidavits in collection lawsuits and sometimes targeting the wrong people...
Read MoreConsumer Attorney Craig Thor Kimmel Discusses How to Fight Back Against Collection Agencies
Consumer attorney Craig Thor Kimmel discusses how to fight back against collection agencies and help stop collection calls in this interview with Ebru Today:
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