May 10, 2011
If money is society’s great equalizer, then debt is the level playing field where everyone struggles to find their balance. According to the Federal Reserve, as of 2010 consumer debt stands at $2.4 trillion. For consumers in the midst of the Great Recession finding financial...
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How Fighting Pushy Debt Collectors Can Get You $1,000
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Bumper Crop of Lawsuits Hit Creditors, Collections Firms
May 1, 2011
Consumers filed 570 federal lawsuits against debt collectors and creditors in just the last two weeks of March, the highest number so far this year, according to a tally by PaymentsSource.com. It was the most lawsuits filed in a two-week period all year.
The... -
A Lawsuit That Dirty Debt Collectors Should Be Worried About
January 4, 2011
Federal Circuit Court Judge Denny Chin just issued an opinion in a consumer class action case that should send chills down the spines of debt collectors, perhaps including foreclosure-mill law firms and their process servers, nationwide.
Judge Chin decided that... -
Dead Person Signs Affidavits For Debt Collectors?
December 31, 2010
Martha Kunkle has come back to life.
She died in 1995. Yet her signature later appeared on thousands of affidavits submitted by one of the nation's largest debt collectors, Portfolio Recovery Associates Inc., in lawsuits filed against borrowers.
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Debt Collector: People Are Mean to Me
December 10, 2010
I keep comments open forever on Workbench because the old blog entries here occasionally attract some interesting comments in the deluge of spam. A debt collector searching Google on Tuesday for the phrase debt collector sued for doing their job found my story on the... -
FTC is proposing new rules for collecting debt from dead people
November 22, 2010
The Federal Trade Commission is seeking to revise the protocol surrounding two of life's touchiest subjects: debt and death.
Debt collection has become an increasingly controversial practice as more Americans default on loan payments. Government data show...