Archive for 'debt'

What to Do If You Get Calls on a Debt That Isn’t Yours

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...

Payday Lenders Using Rent-A-Tribe Scam Enjoy Sovereign Protection from Law Suits and State Oversight

A report by the Center for Public Integrity, says that Internet-based payday lenders operating in California, New Mexico, West Virginia and Colorado are claiming to be “tribal enterprises” of Native Americans, providing them certain benefits of sovereignty, including immunity from...

Demand for High-Interest Payday Loans Soars in Minnesota

Residents of Minnesota are turning to high-interest payday loans and other services outside the mainstream banking system, controversial enterprises that operate through a loophole to dodge state restrictions. The demand for these types of loans more than doubled in recent...

Bank of America to Offer Rentals as Foreclosure Alternative

Bank of America says it has begun a pilot program offering some of its mortgage customers who are facing foreclosure a chance to stay in their homes by becoming renters instead of owners. The “Mortgage to Lease” program, which was...

Asset Acceptance Pays Big for Debt Collection Methods

In what is sure to be considered a major victory for consumers everywhere, the FTC this week ordered Asset Acceptance to pay $2.5 Million in fines. Asset is one of the largest debt collectors / debt buyers in the country. The fines...

Collection Harassment News: Beware of the Fake Debt Collector

A NJ man recently received phone calls from someone claiming to be a debt collector. As it turns out, he paid his loan back months ago but the phony collection calls still tried to scam him out of hundreds of...

Know your rights when dealing with collection agency harassment

Unmanageable 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,...

Debt Collection Harassment Attorney Appears on Fox News to Discuss Capital One Harassment

Debt collection harassment attorney Craig Kimmel and client Patrice Perry appeared on Fox News to discuss a case against Capital One. Capital One harassed Patrice over a credit card debt and sent her a bill for $286 million. As featured...

What’s in Her Wallet? Well, Not $286,651,237

A Delaware County woman claims that a malicious human being – and not a computer program – is behind the erroneous $286,651,237 credit-card bill that Capital One sent her last year, according to a lawsuit filed last week in Philadelphia...

Boom in Debt Buying Fuels Another Boom in Lawsuits

Across the nation, there is a surge in lawsuits against people who aren’t paying their bills, driven by the debt-buying industry that has surged in the past three years as debt has become cheaper and cheaper to buy amid hard...

An Insider Look at How Debt Collectors View the FDCPA

The Fair Debt Collections Practices Act, or FDCPA, was enacted to protect consumers from overzealous debt collectors whose methods include harassment, threats and coercion. To these businesses a consumer is nothing more than a number representing dollars and cents, part of...