Even though the Federal Trade Commission (FTC) received nearly 80,000 complaints last year concerning debt collectors and unfair practices, its largely believed that only a small percentage of debt collector violations are actually reported by consumers. And while most debt collectors...
Read MoreREMEMBER: Cell Phone Numbers Go Public this month. REMINDER: all cell phone numbers are being released to telemarketing companies and you will start to receive sales calls. …. YOU WILL BE CHARGED FOR THESE CALLS To prevent this, call the...
Read MoreJPMorgan Chase & Co.’s credit-card contracts will no longer require disputes to be settled through arbitration, a practice that lawmakers said was biased against cardholders, to help settle an antitrust lawsuit. After a class action suit was filed by Philadelphia...
Read MoreConsumer credit laws are being created in many states that will force debt collection agencies to prove that the debt they purchased for pennies on the dollar exists and the consumer legitimately owes the money. North Carolina recently passed a...
Read MoreIt’s the “American Way”, turning opportunity into profit. It is certainly the way of the debt collector in these hard economic times with 15.1 million of the working class unemployed, 1/3 of which have been for six months or more....
Read MoreNew York Financier J. Michael Cline had built a complex, billion dollar empire in the debt collection business, handling both sides of arbitration disputes for debt collectors through Minneapolis based NAF (National Arbitration Forum) and Axiant, LLC, a firm he...
Read MoreA New York judge has determined that a law firm violated the Federal Debt Collections Practices Act (FDCPA) after it mass produced collection letters and litigation documents from it’s computer system without a thorough review of the alleged debt. The law firm...
Read MoreCredit card companies are taking action ahead of the new Credit Card Consumer Protection Bill that will take effect in February of 2010. The bill was passed in May of this year and limits the ability of a credit card...
Read More1. Stop the Collection Calls: Instruct the debt collector to stop calling you at home or at work. Write them a letter if you can with those instructions and save a copy. If the calls continue, they have violated the Fair Debt...
Read MoreA post from the Lemon Law Blog concerning car companies making collection calls on delinquent car loans: Are Car Companies Calling You To Collect Cash? …collection calls are on the rise. At 1-800 LEMON LAW, we are receiving a number...
Read MoreIn New York, Financial Fraud against seniors is a serious problem and Senator Kirsten Gillibrand plans to crack down on scams and loopholes that have cost NY Seniors over $180 million. Her plan will consist of the following: 1. Increase...
Read MoreAfter Mr. McLeod fell behind on his mortgage payments, the frequent and harassing calls from a debt collector caused a Tampa man’s blood pressure and stress levels to rise to unhealthy levels. His wife is claiming that the abusive debt collection...
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