Archive for 'Debt Collection'

DEBT COLLECTORS ARE REALLY BULLIES WITH A TELEPHONE

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DEBT COLLECTORS ARE REALLY BULLIES WITH A TELEPHONE

Congress has recognized that consumers are entitled to be protected from illegal debt collection.  Despite enacting the Fair Debt Collections Practices (FDCPA) act in 1978 debt collectors continue to engage in collection activity that violates common decency and is a violation of the law.  A very interesting article regarding the evolution of collection practices is explained in an article published at jdsupra.com. 

We wrote a blog post about unlawful collection and a link ...

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Info from the Consumer Financial Protection Bureau

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Info from the Consumer Financial Protection Bureau

While it may be one of the most hated Agencies in the Federal Government, the Consumer Financial Protection Bureau has provided some great information that benefits consumers.   The page contains links to information about the Fair Debt Collections Practices Act, how to deal with Debt Collectors, how to dispute a debt, Click Here for some great information from the CFPB.

Hope you ...

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Class Action Lawsuits – Should You Join?

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Class Action Lawsuits – Should You Join?

Let’s say a drug you were taking caused a certain type of problem. A serious-looking man appears on TV says that, if you took it, you may be entitled to some money. An 800-number appears and you’re told to call today. Do you call? If you do, what comes next?

First, what is a class action suit? A group of people – the “class” – have the same or similar claims of loss, damage or harm from using a service (like ...

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$2.5 Million Sanction for Unlawful Debt Collection

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$2.5 Million Sanction for Unlawful Debt Collection

Last week the Federal Trade Comission announced that Asset Acceptance, a debt collection entity, had agreed to pay a civil penalty of $2.5 Million for its attempt to collect debts that are barred by the statute of limitations.  In Kentucky if you have a debt, that is not is writing the a lawsuit to collect the debt must occur within 5 years.  Debts that are written, like a contract or a mortgage,  have a statute of limitations of 15 years. 

The practice ...

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